Tax credit transferability attracting billions to grid-scale solar and batteries
Three recent transactions of $300-million-plus demonstrate the healthy appetite for utility-scale solar and energy storage investment.
Commercial scale solar provider Altus Power reports Q3 financials
The company posted revenues of $45.1 million, a 48% increase over the third quarter 2022.
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.
Sunrise brief: The U.S. Army commits to using 100% clean electricity by 2030
Also on the rise: CommonBond enters solar finance market, hoping to lower costs. SunPower sells C&I business. BloombergNEF’s Jenny Chase says solar offers reasons for hope. NREL develops next-generation CSP. Greenbacker adds to solar portfolio. EV charging networks gets a boost. Nautilus grows community solar portfolio. Nature Conservancy releases Site Renewables Right map.
Blackstone enters the electric bus and van race, plus the return of seed-stage solar investing
A weekly round up of investments and exits in solar and energy transition technologies.
Blackstone pumps $300 million into Loanpal’s residential solar finance platform
The new investment will allow for the financing of more than 10,000 residential solar systems.
Morning brief: Blackstone buys energy storage developer, Spruce solar acquisition spree continues, PV on schools
Also in the brief: Why has the number of K-12 schools powered by solar doubled in just three years? $89M energy storage pilot starts work in France, plus — a mighty wind.
Morning Brief: Titan 1 breaks ground, Blackstone refinances Altus for $850 million
Welcome to another morning brief. Today we’ve got Goldman Sachs financing $200 million in Loanpal loans, Swiss RE and kWh analytics collaborating to accelerate solar adoption, Voltus’ 50 MW demand response award, SERES transitioning its battery division into a subsidiary and more!
Altus Power America raises $200 million from Wall Street
Goldman Sachs, Global Atlantic Financial Group and Blackstone subsidiary bet heavily on Altus’ future as a solar developer.
