Finance

Ruling: EPA barred from seizing Green Bank funds

Nonprofit recipients of $14 billion in federal grants and loans will keep up court fight in hopes of winning release of approved grants for solar and other clean-energy projects nationwide. March 19, 2025 Three nonprofit brokers of clean technology investment won an unequivocal, but temporary, gain in their tug-of-war with the U.S. Environmental Protection Agency …

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Texas storage project secures $183 million in financing and tax equity

The 200 MWh Fort Duncan energy storage project currently under construction is expected to be operational by summer 2025 in ERCOT territory. March 18, 2025 Recurrent Energy, a subsidiary of Canadian Solar Inc. closed project financing and tax equity for its Fort Duncan Storage project. German bank Nord/LB led the project financing, which includes a construction and …

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Amid financial turmoil, Sunnova awards $2.125 million in bonuses to top executives

Despite residential solar company Sunnova Energy’s financial turmoil, the company will pay bonuses totaling $2.125 million to its top four executives. The decision was approved through its Compensation and Human Capital Committee. The executives who will receive a bonus include: President and CEO Paul Mathews, awarded $750,000 Executive Vice President and Chief Financial Officer Eric …

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Terabase surpasses $200 million in funding with Series C round

The funding in large part will support the manufacturing scale-up of Terabase’s robotics-assisted assembly line, Terafab, March 13, 2025 Terabase Energy has more than $200 million in funding after the company closed its $130 million Series-C financing round. Terabase said the Series C funding will enable it to rapidly deploy its technologies at scale, which …

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DSD Renewables closes $140 million IRA tax credit transaction

DSD Renewables, a developer of solar, energy storage and EV charging stations for commercial, industrial and municipal customers announced it secured a $140 million tax equity investment from Morgan Stanley Renewables. The transaction marks the first time DSD Renewables will transfer tax credits created by the Inflation Reduction Act (IRA) to corporate buyers. The IRA …

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Supply deal and finance for another 2.2 GWh of US batteries

From ESS-news Battery energy storage system (BESS) projects under development in the United States by businesses owned by two of the world’s biggest asset management companies are nearing completion after the award of a supply deal and a finance package. The e-Storage division of Sino-Canadian business Canadian Solar will supply 370 of its SolBank 3.0 lithium ferro-phosphate (LFP) batteries …

Supply deal and finance for another 2.2 GWh of US batteries Read More »

Tandem PV moves toward perovskite manufacturing with $50 funding announcement

With a perovskite layer 200 times thinner than silicon and requiring just 10% of the energy needed to produce conventional panels, Tandem PV reports it will be able to reduce energy use during manufacturing. March 5, 2025 Tandem PV, a specialist in perovskite solar technology, secured $50 million in Series-A funding and debt, which the …

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