First Solar to support 12 GW growth trajectory with $1 billion revolving credit
On June 30, the Arizona-based producer of U.S.-made solar panels arranged a new $1 billion credit facility that includes a sub-limit of $250 million of available letters of credit from eleven financial institutions.
Above: Orbital and Ascent Solar receive federal grant for orbital thin-film panels
The companies received a Small Business Innovation Research (SBIR) program Phase I award from the Air Force to develop a solar-heated crucible.
First Solar Q1 2023 revenue down, with investments in U.S. facilities taking precedent
Company expects to recognize about 25% of its full year guidance in the first half of 2023 and 75% in the second half, based on the advanced manufacturing production tax credit (45X) of the IRA taking effect.
Toyota manufacturing plant in Alabama to power 70% of operations with solar
The $49 million, 30 MW project will help Toyota on its path toward carbon neutrality by 2035.
Solar Energy Loan Fund surpasses $30 million of residential loans
The non-profit green bank has sourced credit to clientele of which 74% are low-to-moderate income homeowners.
Silicon Ranch brings in $600 million of new equity investments
The Southeast-focused solar developer is on track to cap a $1 billion full-year equity raise with a $225 million round over the next quarter.
North American EV battery production forecast to reach 1 TWh annually by 2030
Rust Belt states of the Midwest have estimated production capacity of 30 GW to over 100 GW per year of EV batteries, with California and Ontario adding capacity as well.
U.S. Senate confirms six Biden appointees to TVA board
With the new appointments, Biden appointees constitute the majority of the TVA board of directors. Key decisions on TVA’s generating mix are in the works.
Tracking solar policy winners and losers in the Southeast
The Southern Environmental Law Center shares its review of policies slowing down or speeding up the adoption of solar in the South.
Sunrise brief: The U.S. Postal Service to deploy over 66,000 electric vehicles by 2028
Also on the rise: Industry reponds to California cutting rooftop solar net metering. Growatt releases new battery for rooftop solar applications. And more.
