Financial & Legal

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.

US developer Leeward Renewable Energy (LRE) has secured US$1.25 billion in construction warehouse facility to support the construction of its portfolio in the US.

Canadian asset owner Brookfield has acquired a majority stake in Indian clean power company Leap Green Energy in a US$200 million equity investment.

The Pomerantz Law Firm has brought a class action lawsuit against Singapore-headquartered solar manufacturer Maxeon Solar Technologies concerning whether “Maxeon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.”

Dimension Renewable Energy has announced a new name and a plan to operate 500MW community solar projects by the end of next year.

German renewables company BayWa r.e has sold a 95MW solar PV plant in Spain to independent power producer Encavis Asset Management.