Finance

DSD Renewables announced it has received a $250 million strategic investment from Cox Enterprises to support its expanding renewable energy project portfolio. The investment from Cox is the company’s largest to date. DSD Renewables has a wide portfolio of solar projects, including on retirement homes, municipal power, community solar, corporate solar and more. “The management …

DSD Renewables secures $250 million strategic investment Read More »

The company posted revenues of $45.1 million, a 48% increase in over the third quarter 2022. November 13, 2023 Altus Power, based in Stamford, Connecticut, is a commercial-scale originator, developer, owner, and operator of solar generation, energy storage and charging infrastructure. It serves commercial, industrial, public sector and community-scale accounts. The company posted third-quarter 2023 …

Commercial scale solar provider Altus Power reports Q3 financials Read More »

The electrical balance of systems company’s gross margins shrank, leading to a net loss of $9.8 million. It has an ongoing legal case in which it is seeking damages from a wire insulation provider. November 9, 2023 Shoals Technologies Group, a provider of electrical balance of system (EBOS) solutions, announced its Q3 2023 earnings, posting …

Shoals posts 48% year-over-year growth in record quarter Read More »

The solar inverter provider expects Q4 revenues to be less than half of the $725 million reported in Q3. November 2, 2023 SolarEdge, a provider of string inverters, power optimizers, and energy storage, is weathering challenging conditions, with its stock price tumbling 10% to 20% of its value in the hours following its Q3, 2023 …

SolarEdge tumbles on significantly reduced Q4 outlook Read More »

China and the United States consistently attract the most annual solar investments. Together, they have received about 50% of all solar investments since 2015, according to a new report by the International Solar Alliance. November 2, 2023 From pv magazine India Global investments in the solar energy sector touched the $308 billion mark in 2022, registering …

U.S., China dominate solar investment Read More »

The U.S.-based thin-film solar panel manufacturer raised its expectations for 2023 as its order backlog grows. November 1, 2023 First Solar, a U.S.-based manufacturer of cadmium telluride thin-film solar modules, announced its Q3 2023 earnings, posting a miss on revenues, but beating expectations on earnings per share. The company delivered $801 million in revenues, falling …

First Solar delivers on earnings, margins, falls short on revenue Read More »

DOE will fund the Transmission Facilitation Program projects. November 1, 2023 The Department of Energy (DOE) has announced a $1.3 billion commitment to fund the development of three transmission lines crossing six states. These projects would add a combined 3,500 MW of capacity to the domestic grid, said Gregory Wetstone, president and chief executive officer, …

Department of Energy commits $1.3 billion to three multi-state transmission projects Read More »

Majority holder Flex plans to spin off its remaining interests in Nextracker. Plus, the company raised its earnings guidance for 2024. October 31, 2023 Nextracker, a leading provider of solar trackers and software solutions, announced its majority holder Flex has enacted a plan to spin-off all of its remaining interests in Nextracker, Inc, making payments …

Nextracker announces split from majority holder, raises 2024 earnings outlook Read More »

Sunlight Financial, whose stock price has plummeted amid accumulating more than $500 million in underwater loans, has been acquired by a consortium led by Greenbacker Capital Management, Sunstone Credit, IGS Ventures. October 31, 2023 Sunlight Financial has filed for Chapter 11 bankruptcy and subsequently sold its residential loan business due to escalating financial stress. The …

Sunlight Financial files bankruptcy, acquired by industry consortium Read More »

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Sunrise brief: Advancing iron and salt batteries with $8 million in seed funding Read More »