February 6, 2024 | San Diego's Top Solar Company

Enphase Q4 revenues drop 35% in U.S. and 70% in Europe

Reduced demand and reduced shipments due to high unsold inventory at distributors cratered the company’s revenues in its Q4 2023 report. February 6, 2024 Enphase Energy, a California-based global provider of solar microinverters, energy storage and other related technologies, announced its Q4, 2023 revenues, reporting a miss on revenues despite sharply lowered expectations. The company …

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Summit Ridge plans 26 community solar installations in Illinois

Installation / By Staff

Each of the installations within the 82 MW portfolio will average 3MW and most will include pollinator habitat. February 6, 2024 The 26 community solar installations planned by Summit Ridge Energy are part of the Illinois Shines program, which is legislation passed in 2016 that supports the development of distributed generation as well as community …

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USITC’s midterm report on Sec. 201 solar tariffs heads to President

Industry / By Staff

Credit: NextEra Energy In a 408-page report, the U.S. International Trade Commission (USITC) released its midterm findings on the effectiveness of tariffs on crystalline silicon PV (CSPV) cell and module imports. The independent report will be sent to the President and Congress, but the commission did acknowledge seven developments that have changed the industry since …

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Recurrent Energy secures $160 million for Louisiana solar project

Installation / By Staff

Microsoft will be the sole offtaker of energy produced by the 98 MW Bayou Galion Solar project, supporting its goal to be carbon negative by 2030. February 6, 2024 Recurrent Energy, a subsidiary of Canadian Solar, secured $160 million in project financing for its 98 MW Bayou Galion Solar project, in Northeast Louisiana. Microsoft Corporation …

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Off-grid solar EV charging system designed for quick installation

Markets / By Staff

PairTree features bifacial solar panels available in 4.6 kW and 5 kW units combined with a 42.4 kWh capacity storage system and one or two AC level 2 EV chargers. February 6, 2024 Paired Power, a U.S.-based solar charging infrastructure manufacturer, launched PairTree, a stand-alone, solar-powered canopy and electric vehicle (EV) charger that the company …

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Clean Energy Credit Union launches ‘Clean Energy for All’ loan program

Industry / By Staff

Clean Energy Credit Union recently launched its Clean Energy for All loan program. This initiative aims to make clean energy more accessible and affordable for underserved communities, including minority borrowers and low-income individuals. The Clean Energy for All loan program is technically comprised of a Special Purpose Credit Program that offers discounted interest rates on …

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Solar corporate funding rises 42% globally in 2023

Finance / By Staff

Over $34.3 billion was raised over 160 deals, said a report from Mercom Capital. February 6, 2024 Mercom Capital Group released its corporate funding report for the solar industry for 2023, noting a 42% increase in funding globally year-over-year. The report tracks venture capital funding, public market, and debt financing into the solar sector, which …

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Electriq, Aveyo partnership aimed at expanding affordable solar + storage

Projects / By Staff

Electriq Power Holdings Inc. has teamed up with Aveyo. to increase access to affordable solar + storage solutions for homeowners. Aveyo will provide customer acquisition and installation services of Electriq’s solar + battery storage systems for the company’s Sustainable Community Networks (SCN) program, PoweredUp Network. “This partnership shows Electriq’s continued commitment to grow access to zero-upfront cost, …

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Sunstone Credit offers new loan product for small businesses going solar

Industry / By Staff

Sunstone Credit just announced a new loan product for small business solar loans under $250,000: Express Loan. Despite the advantages of solar energy, most small businesses struggle to secure loans for their solar systems. They typically have to pay cash, use more cumbersome financing options or, in the worst case scenario, give up and forgo …

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Summit Ridge taps Castillo Engineering for 82 MW Illinois community solar portfolio

Projects / By Staff

A Summit Ridge Energy 3 MW community solar project in Morris, Illinois. (Photo: Summit Ridge Energy) Summit Ridge Energy has selected Castillo Engineering to provide design and engineering services on an 82 MW portfolio of 26 community solar projects in Illinois. Part of the Illinois Shines or Adjustable Block Program, each of the average 3 MW community solar …

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Day: February 6, 2024