Financial & Legal

Having deemed yesterday “Climate Wednesday”, US President Joe Biden signed a raft of Executive Orders designed to ratchet up the US’ efforts to combat climate change and accelerate the growth of its domestic renewables sector.

Tesla reported a significant increase in energy storage deployments for the fourth quarter of 2020, more than doubling record figures from the previous quarter as battery manufacturing expansions led to greater product availability but demand still outstrips supply.

EDF Renewables North America has acquired 100% of US distributed generation company EnterSolar, as it aims to capitalise on accelerating growth in the commercial and industrial (C&I) solar market.

Lightsource BP has closed a US$380 million financing package for two Texan solar projects with a combined capacity of 316MW.

Distributed Solar Development closes US$300 million debt facility from Credit Suisse for C&I and distributed generation projects.

Solar PV bidders secured two-thirds of allocated capacity in the first of Spain’s new renewable energy auctions, which was held yesterday (26 January) and was more than three times oversubscribed.

Enphase Energy has closed the acquisition of software firm Sofdesk, bolstering its digital offering with the addition of solar system design software.

Major China-based polysilicon producer Daqo New Energy has forecasted to reach its highest production and sales levels in reporting fourth quarter and full year results.

A round-up of the latest news from the US solar market, including updates from NovaSource, SEIA, Borrego and Primergy.

Residential solar loan provider to list on New York Stock Exchange in deal valued at US$1.3 billion.