Sunrise brief: Gibraltar closes two acquisitions, aims at $700m revenue goal
Also on the rise: Wisconsin to revise dated DER rules, Massachusetts sets a course for 2050 energy goals, Sungrow notches an inverter delivery milestone, and a 1.6 MW solar carport enters service in New Jersey.
Sunrise brief: Congress passes solar ITC extension
Also on the rise: A simple safeguard for the growing danger of arc-fault events; EDF Renewables signs a PPA; Soltec will supply trackers to AES
Solar 2020 year in review: Thriving markets despite a pandemic, import tariffs and expensive PV
We cover residential resilience, tariff trouble, big Texas solar, storage everywhere, IPOs, interconnection queues and more in a review of this difficult, ridiculous, successful year. Next year will be better.
Array Technologies ends 2020 with one more 1 GW solar tracker supply contract
The tracking industry’s second-largest player has signed an agreement to supply RP Construction Services with 1 GW of single-axis solar trackers just 20 days after coming to a 1.4 GW agreement with Lightsource BP.
The US installed 4.5 GW of utility-scale solar in 2019
For the third year in a row, more utility-scale solar was installed in the Southeast than any other region in the country, while trackers dominate the mounting market.
Array Technologies’ share price up 65% on first day as a public company
The IPO priced at $22, above the top of the anticipated range of $19 to $21 — valuing the solar firm at about $2.8 billion.
IPO update: Solar tracker builder Array Technologies increases number of shares in largest PV IPO of 2020
The reception in the financial community on the eve of the Array Technologies IPO must have been enthusiastic.
Shoals, solar balance-of-system player, had a strong 2020 and sees an even stronger 2021
Dean Solon of Shoals Technologies Group: “The short version is that it’s been a damned good year.” An interview with Shoals covers the growth of large solar projects in the U.S., high AC/DC ratios and the real costs of using cheap components.
New energy transition exit: the Array Technologies IPO
John Tough of Energize Ventures shares an investor’s view of the biggest solar IPO of 2020. It’s the first and largest solar tracking company available to U.S. public markets.
Solar tracker builder Array Technologies sets its terms in largest solar IPO of 2020
Profitable solar tracker company Array Technologies is going public the old-fashioned way and eschewing the SPAC method being employed by other renewable companies such as QuantumScape and ChargePoint. Did we mention the company was profitable?
