Solar and wind projects on public lands will now undergo “elevated review” by Department of Interior head Doug Burgum.
Solar funding declined year-over-year for venture capital, public market and debt financing, falling from $17.8 billion in the first half of 2024 to $10.8 billion in the first half of 2025, said a report from Mercom Capital Group.
Geronimo Power breaks ground on a 250 MW project, OCI Energy sells a 120 MW project and DESRI starts construction on a 150 MW solar, 600 MWh battery project.
Developers will need to navigate expiring tax credits, stricter “safe harbor” rules and foreign content restrictions.
The company closed its senior secured notes for a distributed and utility-scale solar and storage portfolio with Natixis Corporate & Investment Banking.
Solar reached 11% of U.S. electric generation capacity, said data through April from the Federal Energy Regulatory Commission.
Experts advise people with serious interest in home solar to act quickly and consider their choices carefully to avoid any headaches.
While storage fared better than solar and wind, homeowners interested in residential batteries face dwindling opportunities.
Over the past 12 months, solar power has become California’s largest source of electricity, a trend likely to continue.
The order tightens the deadline for project tax credit eligibility and orders the Treasury to apply enhanced Foreign Entity of Concern restrictions to imports.
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