Sunrise brief: Enphase Q4 revenues drop 35% in U.S. and 70% in Europe
Also on the rise: Recurrent Energy secures $160 million for Louisiana solar project. Solar corporate funding rises 42% globally in 2023. And more.
Enphase Q4 revenues drop 35% in U.S. and 70% in Europe
Reduced demand and reduced shipments due to high unsold inventory at distributors cratered the company’s revenues in its Q4 2023 report.
Summit Ridge plans 26 community solar installations in Illinois
Each of the installations within the 82 MW portfolio will average 3MW and most will include pollinator habitat.
Recurrent Energy secures $160 million for Louisiana solar project
Microsoft will be the sole offtaker of energy produced by the 98 MW Bayou Galion Solar project, supporting its goal to be carbon negative by 2030.
Off-grid solar EV charging system designed for quick installation
PairTree features bifacial solar panels available in 4.6 kW and 5 kW units combined with a 42.4 kWh capacity storage system and one or two AC level 2 EV chargers.
Solar corporate funding rises 42% globally in 2023
Over $34.3 billion was raised over 160 deals, said a report from Mercom Capital.
Alaskan tribal communities form independent power producers for renewables projects
Alaskan tribal communities are improving the payback on renewables projects by forming independent power producers, thus gaining access to a state subsidy.
Sunrise brief: Long-duration energy storage market to reach $223 billion in 20 years
Also on the rise: Solar recycling headquarters and research lab opens in Arizona. IRS pre-registration portal open for IRA elective pay and transferable credit
Long-duration energy storage market to reach $223 billion in 20 years
Alternatives to lithium-ion batteries are likely to emerge, according to a report on IDTechEx.
Increasing alternative energy standards would bring billions in investment to Pennsylvania
Three business groups crunched the numbers and found that, if a 30% by 2030 plan was enacted, more than $13.1 billion could be invested in Pennsylvania in that time period and 129,000 jobs could be created.
