PosiGen, a US provider of residential solar and efficiency solutions for low- to moderate-income (LMI) households, has secured US$100 million in preferred equity financing.
Solar power will account for nearly half of utility-scale capacity additions in the US this year, according to new figures from the country’s Energy Information Administration (EIA).
US President Joe Biden’s Build Back Better Act, which contains a plethora of policy mechanisms in support of solar and energy storage, would appear to still be at a deadlock after Democrat Senator Joe Manchin said there were “no negotiations going on”.
US utility Appalachian Power has unveiled plans to acquire or contract for nearly 300MW of solar PV over the next three years as it transitions towards net zero status by 2050.
US solar installer SunPower is in advanced discussions regarding a potential sale of its commercial and industrial solutions (CIS) business as it looks to heighten its focus on the residential sector.
With Democrats needing to come up with revised legislation to salvage President Joe Biden’s US$1.75 trillion Build Back Better Act, renewable energy provisions should be prioritised to accelerate decarbonisation efforts, writes Jules Scully.
US-based solar tracker manufacturers have welcomed the inclusion of domestic manufacturing incentives for tracker components included in a draft version of the country’s Build Back Better (BBB) bill, saying the proposed measures would drive job creation.
Lightsource bp has closed on a US$100 million financing package for the 130MW Black Bear Solar energy project in Montgomery County, Alabama, which once complete will increase the state’s total installed solar capacity by more than 20%, according to Lightsource bp.
New York Governor Kathy Hochul has unveiled a framework for the US state to finish the decade with at least 10GW of distributed solar, spurring billions of dollars in investment and creating thousands of jobs.
