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Day: May 19, 2023

Residential solar developer Suntuity to go public

Suntuity Renewables announced plans to go public this week through a merger with special purpose acquisition company (SPAC), Beard Energy Transition Acquisition Corp. May 19, 2023 Suntuity Renewables, a Holmdel, N.J.-based residential solar installer, announced plans to go public this week through a merger with special purpose acquisition company (SPAC), Beard Energy Transition Acquisition Corp., …

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Polar Racking partners with two OEMs to make products in US

Polar Racking announced that it has partnered with two U.S. original equipment manufacturing facilities to produce its solar mounting solutions. The company declined to disclose the manufacturers to Solar Power World. Located in Michigan and Florida, the facilities will help Polar Racking meet the growing demand for U.S. manufactured solar mounting solutions, reduce lead times …

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Navigating complex energy markets for VPP participants

The growing need for virtual power plants, which dispatch energy when and where it is needed, is giving rise to opportunities for software companies, such as Leap, to handle the complexities of navigating energy markets. May 19, 2023 Virtual power plants are networks of distributed energy resources (DER) such as rooftop solar, smart thermostats, water …

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No loan, no lease: Going solar via home equity agreement

Home equity agreements offer a way to purchase solar and EV charging stations without taking on debt or monthly payments. A new partnership between QuantmRE and evNation provides this option. May 19, 2023 California-based evNation announced it has partnered with QuantmRE to provide a debt-free financing option for homeowners looking to install solar or electric …

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Texas utility solar developer emerges after $30 million investment

Accelergen, a greenfield utility-scale solar developer, will launch following the Leyline Capital financing. May 19, 2023 Gone are the days of the Texas oil boom of the early decades of the 1900’s, and taking its place is the Texas utility-scale solar boom of the early 2000’s. “There will be sun” in the Lone Star State, …

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Maxeon raises $199.4 million in equity for IBC module manufacturing expansion

The producer of Maxeon and SunPower brand solar modules is raising capital from a $157.4 million underwriting of shares and a separate $42 million private placement with TCL Zhonghuan. May 19, 2023 Maxeon Solar Technologies, a manufacturer of Maxeon and SunPower brand solar modules, priced a public offering of shares to raise $157.4 million in …

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Suntuity enters agreement with Beard Energy to combine and go public

Suntuity Renewables and Beard Energy Transition Acquisition Corp. have entered into a definitive agreement that would result in the combined company becoming publicly traded. Upon closing of the transaction, the combined company will be named Suntuity Inc., and its Class A common stock and warrants are expected to be listed on the New York Stock …

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Automated solar permitting speeds approval process

In 2022, the recently launched SolarAPP+ processed more than 11,000 residential solar power permits, accelerating projects by 13 business days compared to traditionally permitted projects. This boost coincided with a 29% reduction in inspection failures. May 19, 2023 The National Renewable Energy Laboratory (NREL) unveiled a performance review of its newly launched SolarAPP+ after its …

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IREC creates toolkit to help solar contractors start Registered Apprenticeship Programs

The Inflation Reduction Act (IRA) finally puts bold clean energy goals within reach — and is quickly changing the training landscape by tying substantial tax credits and other incentives to new registered apprenticeship requirements. Registered Apprenticeship Programs (RAPs) will be a key tool for developing, scaling and sustaining a diverse pipeline of trained talent ready …

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Arevon finishes 300-MW solar project on Moapa River Indian Reservation

Arevon Energy has announced the completion of its Eagle Shadow Mountain Solar Plant. Located on the Moapa River Indian Reservation in Clark County, Nevada, the 300-MW project is expected to generate more than 900,000 MWh of clean electricity per year. NV Energy entered into a long-term power purchase agreement for the output of Eagle Shadow …

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