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Month: December 2023

Waaree to open 3-GW solar panel manufacturing factory in Texas in 2024

India’s largest solar panel manufacturer has officially announced that it intends to start a 3-GW solar panel assembly plant in Brookshire, Texas. Waaree Energies will invest more than $1 billion into the site that will eventually scale to 5 GW of annual solar panel manufacturing capacity by 2027. The company is also planning to integrate …

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Solar building blocks: LEGO offshoot Adapture Renewables to supply 330 MW to Meta

Adapture Renewables Inc. has agreed to supply Meta, the parent company of Facebook, with 330 MW of renewable energy from three solar projects under development in Illinois and Arkansas. The companies signed three Environmental Attributes Purchase Agreements (EAPAs) to secure the deal.   Owned by KIRKBI — the private holding and investment company of the …

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CALSSA: California to lose 22% of solar jobs by end of year

The California Solar & Storage Association (CALSSA) shared a new breakdown of recent solar job losses in every part of California. Just over seven months ago, the Gov. Gavin Newsom-appointed California Public Utilities Commission (CPUC) made drast reductions to Net Energy Metering — the program responsible for reducing the costs of going solar by compensating …

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ComEd, Summit Ridge activate 8.7 MW of community solar in Dekalb County, Illinois

ComEd and Summit Ridge Energy have completed three community solar projects in Dekalb County, Illinois. This increases the number of community solar projects in ComEd’s northern Illinois region to 103, of which nearly 40% have been developed by Summit Ridge. The projects will enable ComEd customers to save money on their electric bills while supporting …

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Indiana solar project moves forward with tax equity deal

Lightsource bp closes $85 million tax equity deal for 188 MW Honeysuckle Solar project, scheduled to come online in early 2024. December 20, 2023 Lightsource bp closed on an $85 million tax equity investment from Bank of America to support construction and operation of the 188 MW Honeysuckle Solar project. “Project Honeysuckle” has been in the works …

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Enphase cuts one U.S. factory and lays off 10% of global workforce

In a December 18 Securities and Exchange Commission filing, Enphase disclosed it is reducing its global workforce by about 10% and halting contract manufacturing at factories in Wisconsin and Romania. In a message to employees, CEO Badri Kothandaraman said, “Over the last 12 months, the solar market has seen a lot of turbulence worldwide. In …

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Texas solar project developer closes $185 million tax equity financing

Advantage Capital committed to invest in Sabanci Renewables’ 272 MW utility-scale solar project in Texas. December 19, 2023 Advantage Capital announced it has committed a $185 million investment in Sabanci Renewables, developer of the Cutlass Solar II project in Texas.  The Fort Bend County project is a 272 MWdc utility-scale project currently under construction about …

Texas solar project developer closes $185 million tax equity financing Read More »

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