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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The Department of the Interior (DOI) has updated its roadmap for solar development across the U.S. West, designed to improve production in more states and efficiency in renewables siting and permitting on public lands. The Bureau of Land Management (BLM) also announced next steps on several projects in Arizona, California and Nevada, representing more than […]
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Ice Industries has been awarded an additional long-term contract supplying panel components to First Solar and plans to invest nearly $10M in a Louisiana facility to supply steel back rails for modules produced by First Solar’s vertically integrated manufacturing facility in Iberia Parish, expected to start commercial shipments by 2026. Ice’s Louisiana facility is the […]
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Paz Oil, Arava Power and Menora Mivtachim have closed on a tax equity bridge loan of $144M for the 272 MW Sunray Project located in Uvalde County, Texas. The financing will support the project’s continued construction and operation. “We are delighted to have reached another significant milestone in the financing of Project Sunray and are […]
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Scale Microgrids has entered into a definitive agreement with Gutami to acquire 500 MW of distributed solar and storage projects across multiple states, including California and New York. Building on their existing 100 MW New York partnership, the companies have executed an expansion agreement under which Gutami will develop 500 MW of energy transition infrastructure […]
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Ameresco has completed a 26.3 MW solar farm in DePue, Ill., consisting of 65,832 PV panels installed on ballast blocks above ground and is estimated to produce 37,000 MWh in its first year of operation. The company has served as developer, builder and owner of the solar farm on the brownfield site and began development […]
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Maxeon Solar Technologies has introduced its new commercial partner program aimed at domestic solar installers and dealers. The company is offering providers joining the program access to its high-efficiency modules, warranties and sales support, along with other features. “We know how important it is for our partners to thrive, and the Maxeon Commercial Partner Program […]
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The Raymond Corporation has finalized deployment of a full-scale BESS, solar microgrid array and warehouse energy management system at its distribution warehouse in Greene, N.Y. “With the implementation of behind-the-meter storage at our distribution center, we have gained insights into the benefits of the system in material handling applications specifically related to alleviating increased demand […]
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Alliant Energy has completed its Beaver Dam project, a 50 MW solar array in Dodge County, Wis. spanning 350 acres, as well as its Crawfish River project in the Jefferson County town of Jefferson. Beaver Dam consists of nearly 120,000 solar panels and can produce enough energy to power approximately 13,000 homes annually, says the […]
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Tucson Electric Power (TEP) and UniSource Energy Services are seeking new generation facilities, energy storage systems and other resources through a joint all-source request for proposals (ASRFP) seeking submissions by March 8. The joint ASRFP, issued in December, targets resources to support the companies’ integrated resource plans (IRPs) from last year, describing how each company […]
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Solar racking specialist Unirac and solar attachment solutions provider S-5! say they are partnering to help advance solar mounting standards and further develop mutually beneficial technologies. S-5! has extended its UL 2703 certifications for its clamps and brackets, which are now listed under Unirac’s certifications – an important compliance requirement increasingly demanded by Authorities Having […]
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Aspen Power has completed three financings totaling $241 million with J.P. Morgan, Lombard Odier and Mitsubishi UFJ Financial Group Inc. (MUFG). The expanded credit facilities with J.P. Morgan and Lombard Odier, as well as a new construction-to-term facility with MUFG, are expected to promote Aspen Power’s continued strategic growth and support the timely and efficient […]
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