Markets & Policy

Following the Federal Reserve’s interest rate hikes, the loan products of the residential solar finance company Sunlight Financial are at risk of being sold for a loss. This has led the firm to question its ability to continue operating.

Also on the rise: An alternative to California’s proposed income-based fixed monthly utility bill charge, retired coal plant to be running on 100% hydrogen by 2045 and scientists explore aquatic effects of floating solar. 

The company will invest $1 billion in the TOPCon manufacturing facility, creating up to 1,800 highly skilled jobs.

Canadian Solar announced that production in its first U.S. factory was set to begin in late June. With a planned output of 20,000 modules per day, it expects annual production capacity to total 5 GW. 

Also on the rise: Clearway to procure 2 GW of solar trackers from Nextracker, Boston mayor bans fossil fuel use in municipal buildings and a developer challenges Massachusetts town on solar zoning restrictions. 

PureSky Energy, formerly Amp Energy, contends that Shutesbury, Massachusetts is violating state law with its solar zoning regulations. The town is actively seeking to dismiss the lawsuit.

Michelle Wu signed an executive order banning the use of fossil fuels in new construction and renovated buildings.

The U.S.-made trackers will supply a portion of Clearway’s solar development pipeline across 17 states.

Job moves in solar, storage, cleantech, utilities and energy transition finance.

Also on the rise: Nextracker opens dedicated assembly line for tracker components, Vermont utility keeps the power on with portable long-duration energy storage, and Ambri liquid metal battery passes key safety certification.