March 7, 2023 | San Diego's Top Solar Company

Sol Systems, Google partnership to invest in solar projects and community organizations

Developer and operator Sol Systems is collaborating with Google on a unique renewable energy procurement and investment strategy. The partnership enables the development of new solar energy projects and supports local communities where the projects are built. Sol Systems and Google have structured an integrated clean energy investment and procurement strategy for solar projects being …

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Renewables merger and acquisition strategies are shifting

Finance / By Staff

With increasing capital commitments, there is now a shift to minority investments and emergent technology subsectors. pv magazine evaluates the M&A outlooks provided by CohnReznick Capital and FTI Consulting. March 7, 2023 CohnReznick Capital Markets shared that the 2o23 U.S. renewable energy market is expected to be defined by the the juxtaposition of tremendous momentum …

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Supply chain company sources clean energy at five new locations

Installation / By Staff

Arvato Supply Chain Solutions is sourcing solar and wind energy in different ways depending on the region, including through a community choice aggregator. March 7, 2023 For Arvato Supply Chain Solutions, switching to clean energy for five more U.S. distribution centers requires multiple approaches. The company is an international service provider in the field of …

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Banyan Infrastructure adds $25M to accelerate sustainable financing software platform

Projects / By Staff

Funding Banyan Infrastructure, a sustainable financing software platform, has secured a $25 million Series B funding round, bringing the company’s total funding to over $42 million. Climate software investor Energize Ventures led the round of funding, with participation from new investors SE Ventures and Elemental Excelerator and existing investors VoLo Earth and Ulu Ventures. In …

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School district reaps $1.5 million in savings over initial term of solar-plus-efficiency upgrades

Markets / By Staff

The Croton-Harmon Union Free School District in New York state reports that it recovered $1.5 million over an initial 18-month term for an energy savings project that integrates a 350 kW rooftop solar array, LED lighting and temperature control upgrades, as well as HVAC system upgrades. March 7, 2023 A Westchester, N.Y. school district wedged …

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U.S. added 6.4 GW of small-scale PV last year

Installation / By Staff

Small-scale PV additions last year exceeded additions in 2021 by 1 GW, and additions in 2020 by 2 GW. March 7, 2023 Solar construction crews added 6.4 GW of rooftop and other small-scale solar across the U.S. last year, according to preliminary data from the U.S. Department of Energy’s Energy Information Administration (EIA). The EIA …

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Solar costs rising: kWh Analytics finds a unique insurance solution

Projects / By Staff

Climate insurance provider kWh Analytics has partnered with Pivot Energy LLC to provide Solar Revenue Put production insurance for multiple distributed solar projects totaling 70 MW across six states. The Solar Revenue Put was added post financial close to improve leverage from lenders Silicon Valley Bank, Cadence Bank and Bank United. Everest is the main …

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Raptor Maps points to growing problem of PV system underperformance

Installation / By Staff

Raptor Maps analyzed 24.5 GW of large-scale solar assets and determined that power losses due to equipment anomalies nearly doubled from 1.61% in 2019 to 3.13% in 2022. At the module level, cell and diode anomalies were the most common issues, it said. March 7, 2023 From pv magazine global Raptor Maps has published its latest …

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Distributed generation finance platform raises $25 million

Finance / By Staff

Banyan Infrastructure is raising a $25 million Series B equity round from Energize Ventures, SE Ventures and Elemental Excelerator to digitize the manual process of procuring project finance between banks, investors and project developers. March 7, 2023 Clean energy investments are still held up by the manual process of compiling spreadsheets, emailing documents and an …

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North America’s bid to onshore rare earth supply

Policy / By Staff

From pv magazine global With the electric vehicle market expected to drive demand for 200,000 tons of rare earth elements in North America through 2030, work is being put in by industry and policy makers to restore the region’s rare earth element supply chain. Efforts are being made in Canada and the U.S. to shift …

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Day: March 7, 2023