US-based independent power producer Altus Power has reached financial close on 220MW of solar PV assets representing an investment of approximately US$293 million.
Residential solar installer SunPower has invested in its California sales and marketing division to ensure that as many customers can apply for favourable net energy metering (NEM) 2.0 rates.
The US government has announced plans to enable states and non-profit entities to apply for US$27 billion in funding, financing projects that can help combat climate change.
Florida-headquartered commercial and industrial (C&I) solar developer Solops has been acquired by Denham Capital in a US$200 million purchase agreement, a move which sees Solops become an independent power producer (IPP) under the new ownership.
Property insurance for a solar project, having been an easy “check the box” issue 10 years ago, is fast becoming a top credit item for securing financing from banks, according to the head of a data analytics and insurtech firm.
Renewables asset owner Brookfield Renewable has reported 2022 net income of US$138 million, improving from a loss in the same period a year earlier of US$66 million. Whilst in Q4 2022, it recorded net income of US$60 million, increasing from US$33 million in Q4 2021.
PV tracker solutions provider Nextracker has launched its investment roadshow after submitting an initial public offering (IPO) to the US stock market Nasdaq last month, seeking to raise up to US$534.9 million.
Amid potential supply chain bottlenecks as China increases its PV manufacturing dominance, companies in markets such as the US, India and Europe are looking to leverage new policy support to scale up domestic production. Jules Scully charts the industry’s efforts to onshore solar module manufacturing.
