FEMA funds $97 million Puerto Rico microgrid with 15 MW solar, 12 MWh storage
The microgrid project is a rare example of the allocation of disaster relief funds for rebuilding Puerto Rico’s grid with solar and storage.
CSI Solar announces initial public offering pricing on Shanghai Stock Exchange
Canadian Solar’s global module, battery and inverter solutions business is issuing 541 million shares, or 15% of 3.6 billion outstanding shares, at $1.17 per share (11.10 RMB) raising the equivalent of $848 million in proceeds.
Sunrise brief: Solar tariff moratorium remains in place
Also on the rise: Enphase launches IQ Battery 5P residential battery in U.S. and Puerto Rico. Solar energy in New York state covered record 20% of state power demand. And more.
Enphase launches IQ Battery 5P residential battery in U.S., including Puerto Rico
The IQ Battery 5P works in conjunction with the Enphase Energy System and can be configured for self-consumption, savings, or full backup functionality.
Powin signs manufacturing agreement with Jabil to produce 2 GWh U.S. storage systems
Powin has selected Jabil as its manufacturing partner to produce Powin’s Stack750 Centipede energy storage systems. Beginning in Q4 2023, Jabil will produce an initial annual capacity of 2 GWh, with plans to ramp up production to 4 GWh per year.
Maxeon raises $199.4 million in equity for IBC module manufacturing expansion
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.
Canadian Solar ships 6.1 GW of modules in Q1 2023
This record volume of shipments was a 68% increase over the same quarter last year.
Sunrise brief: Maryland becomes the 23rd community solar state
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.
Puerto Rico cannot afford to repay any of utility PREPA’s debt, says analyst
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.
Sunrise brief: Solar developers react to Texas permitting proposal
Also on the rise: Silicon Valley Bank begins lending again for solar projects. California gold rush supporting 2023 residential solar market. And more.
