Latin America

The producer of Maxeon and SunPower brand solar modules is raising capital from a $157.4 million underwriting of shares and a separate $42 million private placement with TCL Zhonghuan.

This record volume of shipments was a 68% increase over the same quarter last year.

Also on the rise: Puerto Rico cannot afford to repay any of utility PREPA’s debt, says analyst. 50 states of solar incentives–Arizona. And more. 

To rebuild its grid with renewables, Puerto Rico cannot afford to repay the legacy debt of bankrupt utility PREPA through proposed higher electric rates, an analyst said.

Also on the rise: Silicon Valley Bank begins lending again for solar projects. California gold rush supporting 2023 residential solar market. And more.

Selected projects in thirteen states and Puerto Rico will be funded by the Bipartisan Infrastructure Law and support a resilient grid that automatically adjusts to changing demands.

Longi shipped 46.8 GW of silicon modules, representing three years of sequential growth from 24.5 GW shipped in 2020.

The solar and energy-as-a-service company recorded more than 5,000 of new customers in Puerto Rico, representing its second highest market after California, where it added 5,512 new customers.

Also on the rise: Puerto Rico moves into seventh place for residential solar per capita. Invested in our planet: Financing the clean energy transition. And more.

Luma Energy supports more than 54,000 customer connections in its 21 months as grid operator.