Finance

Qcells aims to reestablish critical parts of the U.S. solar supply chain by manufacturing ingots, wafers, cells, and finished solar modules. December 20, 2024 The Department of Energy’s (DOE) Loan Programs Office (LPO) announced the closing of a $1.45 billion loan guarantee to Hanwha Qcells. Aiming to reestablish critical parts of the U.S. solar supply …

DOE finalizes $1.45 billion loan guarantee for Qcells’ Georgia solar plant Read More »

PG&E believes that investing in infrastructure will help it supply the forecasted load growth, increase electric reliability and reduce costs for its consumers across California. December 19, 2024 The Department of Energy’s Loan Programs Office (LPO) announced a conditional commitment for a loan guarantee of up to $15 billion to Pacific Gas & Electric Company …

PG&E granted loan guarantee of $15 billion from DOE Read More »

From ESS News Boralex, a renewable energy company based in Québec, Canada, has successfully closed $538 million financing for a 300 MW/ 1,200 MWh BESS project, the Hagersville Park. Located in Haldimand County, Ontario, it will be the largest BESS project to date in Canada once it reaches the commissioning stage. Hagersville’s financing is comprised …

Developers close $538 million for 1.2 GWh battery storage facility in Canada Read More »

The DOE announced a $1.25 billion loan for EVgo to build fast chargers, along with $9.6 billion for Ford and battery manufacturer SK to construct three battery factories. December 17, 2024 The U.S. Department of Energy’s Loan Program Office (LPO) has finalized two loans totaling more than $10 billion to support the burgeoning electric vehicle …

$10 billion in government loans announced for EV companies Read More »

When international regulators drafted the Basel III Endgame regulations as a response to the 2008 financial crisis, they aimed to curb risky bank investments, but their one-size-fits-all approach threatens to dismantle the traditional tax equity structure and has created a wave of concern that has swept through the renewable energy industry, among financial institutions and …

Basel III Endgame shouldn’t dim the future of renewable energy financing Read More »

Awarded by California’s Long Duration Energy Storage program, the grant will enable International Electric Power to install six megawatts of storage at one of the country’s busiest installations. December 16, 2024 Zinc-ion batteries just got a big boost. A $42 million battery storage grant is headed to San Diego’s Camp Pendleton, one of the country’s …

Camp Pendleton bags $42 million for zinc-ion battery storage Read More »

Mitsubishi UFJ Financial Group provided the funding to help Convergent Energy and Power advance its energy storage and solar portfolio in North America. December 12, 2024 Ontario-based Convergent Energy and Power closed a programmatic construction-to-term loan, tax equity bridge loan, and letter of credit facility with Mitsubishi UFJ Financial Group (MUFG). Convergent reports that the …

Distributed energy storage provider closes $150 million in financing Read More »

Raptor Maps secured the Series C funding, and plans to use it to accelerate product development, including enhancements in solar automation, work management, and machine-learning insights. December 11, 2024 Raptor Maps secured $35 million in Series C funding, the solar drone inspection provider announced. The Boston-based company raised the money in a Series C round …

Solar drone inspection software company secures $35 million in funding Read More »

The solar panel manufacturer and energy storage provider posted revenues of $1.51 billion and a net loss of $14 million. December 9, 2024 Canadian Solar (Nasdaq: CSIQ), a global provider of solar modules, energy storage, and other clean energy components and solutions, announced its Q3 2024 earnings, falling short of Wall Street consensus expectations. The …

Canadian Solar posts Q3 net loss, falls short on revenue Read More »

The Singapore-headquartered company has faced product detainment by U.S. Customs and has announced plans to focus solely on the U.S. market. December 6, 2024 Maxeon Solar Technologies, a major solar panel manufacturer headquartered in Singapore, reported its third quarter earnings.  The company posted a $179 million loss in Q3 2024. The company said earnings were …

Maxeon Solar reports $179 million Q3 loss Read More »