ReneSola posts 86% increased Q3 revenue, reflecting near-term addition of European IPP assets
Despite higher earnings in Q3, the company lowered its Q4 22 guidance to $44 million to $49 million, compared to the consensus of $73 million, reflecting recent acquisitions of European assets taken on its balance sheet.
Sunrise brief: Canadian Solar business inks battery deal with UBS
Also on the rise: Michigan’s regulator appears friendlier to solar. Canadian Solar’s battery business inks a large supply agreement for a global investor. And more.
UConn receives $4.4 million solar-plus-batteries predictive resilience grant
The University of Connecticut’s Eversource Energy Center will develop technologies to shorten power outages.
Altus Power increases portfolio by 100 MW, increasing revenue 51%
The commercial and industrial PV developer grew its portfolio over the last quarter by acquiring a 100 MW portfolio of assets in 5 states.
Green Banks may compete for $27 billion from fund set up by Inflation Reduction Act
$15 billion of the funds appropriated under the Inflation Reduction Act will support low-income and disadvantaged communities, including $7 billion for zero-emission technologies such as rooftop solar. The other $12 billion will support additional investments in low- and zero-emission projects.
Sunrise brief: National Solar Jobs Census finds that solar jobs increased 9% nationwide in 2021
Also on the rise: New home battery can provide backup power as well as smart time of use charging/discharging. Connecticut to allow distributed resources to compete with distribution grid upgrades. And more.
Connecticut to allow distributed resources to compete with distribution grid upgrades
Connecticut would join five other states in enabling distributed storage, solar and other non-wires alternatives to compete with traditional distribution system capacity upgrades, under a program being finalized by Connecticut regulators.
Incentives drive solar adoption among low- to middle-income residents
With the emerging energy justice agenda, US policymakers could use incentives to help low- to moderate-income households adopt solar, according to a recent Lawrence Berkeley National Lab report.
Sunrise brief: 50 states of solar incentives–spotlight on Connecticut
Also on the rise: Largest solar project in Wisconsin gets regulatory approval. Aspen Power to acquire 53MW of community solar projects from Trajectory Energy Partners. 6K awarded $1.5 million Massachusetts manufacturing grant to fund battery recycling equipment. Solar anti-circ investigation may not be determined by Commerce until late August, said ROTH.
50 states of solar incentives: Connecticut
Connecticut administers strong solar-supportive state policies, a benefit to its residents who pay nearly 50% more than the national average for electricity.
