With the market for solar modules ever-evolving, Array Technologies and PVEL released a study looking at the different module characteristics that affect site-wide tracker costs.
Also on the rise: Sunlight opens a 2 GWh capacity lead and lithium battery plant in North Carolina, Bloom Energy deploys its hydrogen-based SOFC, and Schneider Electric is building a microgrid at a Connecticut campus.
Check out this week’s list of some of the newest announcements related to clean energy products.
Despite a slow start and a downturn in venture capital and private equity funding, total funding saw a significant rise, including the largest amount of projects acquired in a single year to date and the largest amount of securitization financing ever in a year.
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 tracker company has seen significant growth in 2020 and has performed well since going public in October. With a strong order sheet, including 1.4 GW of trackers from Lightsource BP alone, the company is showing no signs of slowing down in 2021.
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.
The reception in the financial community on the eve of the Array Technologies IPO must have been enthusiastic.
Another busy funding week with solar IPOs on deck and venture capital investments — but no cleantech SPACs in the last few day, at least.
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.
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