The solar tracker provider had strong quarter-over-quarter and year-over-year growth, posting $20.8 million in Q1, 2025. Ground-mount solar tracker system provider FTC Solar, headquartered in Austin, Texas, announced its Q1, 2025 earnings, posting $20.8 million in revenues. Revenues grew 58% quarter-over-quarter and grew year-over-year, exceeding Q1, 2024 revenues of $12.6 million. First quarter revenues came …
The solar panel manufacturer’s stock declined roughly 10% following the release of its Q1 2025 report. First Solar released its Q1, 2025 earnings report, meeting expectations of about $844 million in revenue. The solar panel manufacturer significantly lowered its expectation for net sales in 2024 to $4.5 billion to $5.5 billion, down from an expected range …
First Solar lowers 2025 earnings expectations due to tariff challenges Read More »
Schneider Electric said it was able to streamline its process for tax credit transfers by collaborating with a range of different types of companies. Energy management company Schneider Electric has facilitated $1.7 billion in tax credit transfer transactions since late 2023. The 18 deals span across various sectors, including renewable energy projects, battery storage and …
Schneider Electric announces facilitation of $1.7 billion tax credit transfers Read More »
The developer and operator closed a $340 million private placement debt refinancing with PGIM Private Capital. Nexamp, a distributed solar and energy storage developer and operator, announced it closed a $340 million private placement debt refinancing with PGIM Private Capital. The refinancing is expected to enhance the company’s financial position while providing flexibility for continued …
Nexamp secures $340 million refinancing for distributed solar portfolio Read More »
Michigan is distributing nearly $9 million in grants for pilot projects for rooftop solar and residential-serving community solar projects 5 MW or under. The state of Michigan’s Office of Climate and Energy announced it is reviewing project proposals for a grant funding pilot program via the Michigan Solar For All program. The state is distributing …
RFP Alert: Michigan Solar for All seeks low-income residential and community solar Read More »
The electronics manufacturer reports that it will power all of its U.S. facility with electricity from the 270 MW Shakes Solar project in Texas, developed by Cypress Creek Renewables. Danfoss signed a power purchase agreement (PPA), which it said will cover all of the company’s U.S. facilities with renewable energy. Through the PPA, the Denmark-based …
Danfoss signs a seven-year solar power purchase agreement Read More »
The solar microinverter and battery energy storage provider posted revenue of $356.1 million, falling slightly short of expectations. Enphase Energy, a global supplier of solar microinverters and battery energy storage, delivered its Q1, 2025 earnings, narrowly missing Wall Street consensus expectations for revenue. The company delivered $356.1 million in revenue for Q1, falling short of …
Enphase falls short on Q1 revenue, trims margin expectations due to tariffs Read More »
Under the tolling agreement, Arizona Public Service (APS) can charge and discharge the system for energy as needed. In return, Strata will ensure the system’s capacity, reliability and efficiency. North Carolina-based renewables developer Strata Clean Energy secured a 20-year tolling agreement with Arizona Public Service (APS), the state’s largest electric utility, for its 150 MW, …
Strata Clean Energy enters into 600 MWh battery storage tolling agreement with APS Read More »
BlueGreen Alliance lays out roadmap for increasing private investment in manufacturing, which has grown 71% since passage of Inflation Reduction Act of 2022. The Inflation Reduction Act of 2022 has proven to be a significant economic driver, stimulating job growth, an investment frenzy in new manufacturing facilities, and rapid growth in solar capacity. The BlueGreen …
Investing in the solar manufacturing renaissance Read More »
The financially challenged residential solar company plans to auction an estimated $17 million of energy storage from Generac and other components. Sunnova Energy, a financially distressed residential solar power company, is preparing to auction off an estimated $17 million worth of mostly energy storage hardware. Bidding opens April 28. The auction, hosted by Silicon Valley …
Sunnova gear up for auction as solar company struggles to survive Read More »
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