Financial & Legal

The Energy Storage for Resilient Homes Act would allow residents of the two states to use funding from the Federal Emergency Management Agency (FEMA) to purchase residential BESS.

SunPower said the decision was not made "lightly" and will consider options to support its mutual customers and collective business pipeline.

The US Department of Energy (DOE) has issued a loan of up to US$861.3 million to support 200MW of solar PV and 285MW/1,140MWh of battery energy storage system (BESS) projects in Puerto Rico.

The corporate world is taking an increased interest in community solar, which can take multiple forms, from tax equity to offtake.

US-based off-grid solar product manufacturer d.light has secured US$176 million to support its PayGo consumer loan offering in three African countries.

US energy technology company Generac has been awarded a US$200 million grant from the Department of Energy (DOE) to deploy residential solar PV and energy storage systems in Puerto Rico.

The financing will be offered to two banks, as they will provide loans to developers and end-users to install rooftop solar systems.

Total global corporate funding for solar on the other hand is down year-on-year, according to Mercom Capital Group.

US utility PacifiCorp and rPlus Energies signed a power purchase agreement (PPA) for the Green River Energy Center project in 2022.

Liquidity is rising at great pace in US tax credit transferability for clean energy, helping lenders become comfortable with the market.