Erthos secured a $17.5 million Series B from an investor who participated in the startup of Tesla and SpaceX. The utility-scale solar company has a 2.5GW project pipeline. March 1, 2022 Erthos is a company built on the concept of “solar simplified, from the ground up.” Its “earth-mount” solar arrays sit flat on the dirt, …
Rackless, earth-mounted solar provider earns funding Read More »
The company will use the funding to develop and optimize its technology platform that makes buildings smarter and more sustainable through data analytics, intelligent automation, and machine learning. March 1, 2022 Intelligent energy network provider, GridPoint, announced it has closed a $75 million strategic capital raise led by the Sustainable Investing Group within Goldman Sachs …
A clunky tax credit system keeps vital incentives like the ITC and PTC from working the way Congress intended. Direct pay is the key to ensuring U.S. projects have efficient access to low cost capital with greater certainty by providing cash incentives directly to clean energy projects and project sponsors. February 28, 2022 Many of …
Clean energy tax credit reform is our last, best chance for a net-zero future Read More »
The developer is active in community solar, multifamily, commercial, industrial, and rooftop markets. February 24, 2022 Aspen Power Partners announced it raised $120 million in a funding round led by Ultra Capital, Redball Power, and others. The company was incubated at Energy Impact Partners, a global investor in sustainable energy transition. Aspen also entered into …
Aspen Power secures $120 million, 200MW of distributed and community solar Read More »
Ernst & Young’s 2021 report detailing transactions in power and utilities shows a higher focus on ESG initiatives and renewable deals across the country’s utilities. February 22, 2022 Ernst & Young (EY) has released a report detailing transactions in power and utilities (P&U) for all of 2021, with data showing that increased utility interest in …
Canadian Solar said it completed a previously announced “at-the-market” offering program of common shares through which it sold 3.6 million of its common shares and raised $150 million in gross proceeds before deducting commissions and offering expenses. The company said it intends to use the net proceeds to execute its long-term strategic growth plans, including …
Canadian Solar raises $150 million to fund possible acquisitions Read More »
CIT Group Inc. said that its power and energy business served as coordinating lead arranger on nearly $210 million in financing for a solar project in Brazoria County, Texas, near Houston. The 260 MWdc Brazoria West Solar Project is under construction, with commercial operation planned for 2022. The project was developed by Savion, an affiliate …
CIT Group arranges finance for Texas solar project Read More »
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Sunrise brief: Canadian Solar funds growth plans via stock sale Read More »
Solar company iSun announced it reached an agreement to make a minority interest equity investment in Encore Renewable Energy, a Vermont-based clean energy developer with a history of reclaiming real estate landfills, brownfields, rooftops and carports for community-scale solar PV and large-scale energy storage systems. The deal provides the two companies opportunities in collaboration across …
The deal includes long-term O&M agreements for the solar, storage, and wind assets. November 30, 2021 A unit of NextEra Energy Resources agreed to sell a 50% non-controlling interest in a 2,520 MW portfolio of long-term contracted renewables assets to the Ontario Teachers’ Pension Plan Board for $849 million. The remaining 50% interest will be sold …
NextEra Energy sells a stake in a renewable energy portfolio for $849 million Read More »