Canadian Solar subsidiary Recurrent Energy has secured a $500 million preferred equity investment commitment, convertible into common equity, from BlackRock through a fund managed by its Climate Infrastructure business.  The investment will represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis. Canadian Solar will continue to own the remaining […]

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GameChange Solar (GCS) has announced the opening of a new factory, training, service and support center for its Genius Tracker solar products in Feira de Santana, Bahia, Brazil. The factory has the capacity to produce 2.5 GW of trackers, with the ability for future expansion. “Opening our new factory in Brazil demonstrates GameChange Solar’s commitment […]

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Nexamp has announced that its Chicago office will serve as the company’s second national headquarters, planning to add an additional 50 team members there by 2026.  The expansion is part of more than $2 billion in planned Illinois investments through the company’s existing and in-development projects. “We began our work in Illinois in 2018 in […]

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Deriva Energy has acquired Spanish Peaks Solar, a 140 MW solar project in Las Animas County, Colo., from power developer JUWI. With the addition of the site, Deriva Energy will own and operate 388 MW in Colorado and is set to provide energy to Tri-State Generation and Transmission Association through a 19-year PPA.  “We are […]

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Empact Technologies has entered a new agreement with Ampliform to provide Inflation Reduction Act (IRA) compliance management software and services.  Under the agreement terms, Empact will manage compliance for Ampliform’s current and future projects, including its approximately 700 MW of projects in short-term development and additional 3 GW of projects in development.  “Our mission is […]

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SolarEdge has announced a company restructuring plan that includes an approximate 16% workforce reduction, or around 900 employees.  Designed to align its cost structure to current market dynamics, other cost reduction efforts include discontinuing manufacturing in Mexico, manufacturing reductions in China and termination of the company’s light commercial vehicle e-mobility activity.  “We have made a […]

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First Solar has acquired a 1.2 million sq. ft. facility in Troy Township, Ohio, formerly known as Peloton Output Park, that is expected to be repurposed into the company’s new distribution center. The center will serve the company’s three Ohio manufacturing facilities, which had a combined annual nameplate capacity of approximately 6 GW of capacity […]

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S-5! has introduced an addition to its balance of systems lineup, the MLPE Mount. The product provides a universal method for attaching module level power electronics (MLPE) directly to PV module frames, says the company, adding that the mount secures optimizers and microinverters along the underside of the module frame with the aim of simplifying […]

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Strata Clean Energy has broken ground on its Scatter Wash battery storage complex in Phoenix, a 255 MW facility that is expected to become operational next April and will service Arizona Public Service (APS) customers. “This groundbreaking demonstrates a considerable advancement in large-scale sustainable energy solutions in a major growing metropolitan area, underscoring Strata’s dedication […]

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Consolidated Asset Management Services (CAMS) says it will provide O&M, asset management, accounting, remote monitoring and related services for REC Solar’s renewables portfolio, including solar and energy storage projects for hundreds of U.S. commercial enterprises, such as manufacturers, retailers, schools, universities and municipalities. This award increases CAMS’ renewable assets under management to over 5.6 GW […]

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Mercom Capital Group has released its annual report on funding and M&A activity for the solar sector, finding that total corporate funding, including from VC, public market and debt financing, increased 42% year-over-year in 2023.  The report further found $34.3B was raised in 160 deals, compared to $24.1B in 175 deals the previous year. Almost […]

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Ardagh Glass Packaging and CI Renewables are moving forward with development of a solar project in Madera, Calif., with a capacity of up to 10 MW. The project, built and operated by VALTA Energy, is set to be completed this year. It will supply electricity to Ardagh Glass Packaging’s Madera manufacturing site and is expected […]

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