Finance

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 …

Solar corporate funding rises 42% globally in 2023 Read More »

The new electric vehicle promises 400 miles of battery range and 40 miles of solar-generated range per day. February 2, 2024 Carlsbad, California-based startup Aperta announced it has raised $33 million in a crowdfunding round to support the initial phases of production of its three-wheeled solar electric vehicle. The company’s Accelerator Program sold 2,000 vehicle …

Solar EV developer Aptera crowdfunds $33 million Read More »

The solar tracker and software provider’s share price increased 20% in the trading session following the earnings report. February 1, 2024 Nextracker, one of the world’s largest providers of solar mounts, tracking, and software, announced the financial results for its fiscal third quarter ended December 31, 2023. The company posted very strong results, with quarterly …

Solar tracker provider Nextracker amps up its 2024 earnings guidance Read More »

Mercom Capital reported the U.S. invested $9.2 billion of venture capital in energy storage in 2023. January 25, 2024 Venture capital funding in energy storage reached new heights in 2023, according to Mercom Capital, which reported that U.S. firms invested $9.2 billion in energy storage ventures throughout the year. This represents a 59% year-over-year increase. …

Venture capital funding in energy storage increases 59% year over year Read More »

Virtual training program designed for mission-driven, community-based lenders that support clean energy by offering climate financing in low-income and underrepresented communities.   January 24, 2024 Across the United States there are approximately 10,000 mission-driven, community-based lenders serving low-income and underrepresented communities that are helping expand access to clean energy through climate financing. These lending institutions focus …

Training for community-based lenders focuses on climate finance Read More »

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Sunrise brief: California unlikely to reach clean energy targets without rooftop solar Read More »

Recurrent Energy, a subsidiary of Canadian Solar Inc. and a developer and owner of solar and energy storage assets, secured a $500 million equity investment commitment from BlackRock. The investment will represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis. Canadian Solar will continue to own the remaining majority …

Recurrent Energy secures $500 million equity investment to further solar development Read More »

Crux, a marketplace for transferable tax credits, released a survey of 150 tax credit participants, estimating that $7 billion to $9 billion in total transferable tax credit transactions occurred in 2023, with the market expected to about triple in 2024. January 23, 2024 Crux, a marketplace for buying and selling transferable tax credits, released a …

Solar and storage accounts for one-third of transferable tax credit market in 2023 Read More »

The Inflation Reduction Act of 2022 is ushering in a new decade of U.S. clean energy manufacturing and installation. January 22, 2024 Based on tracking by nonpartisan trade group Environmental Entrepreneurs (E2), since the passage of the Inflation Reduction Act (IRA) of 2022, over 274 major clean energy projects have been announced across 41 states, …

IRA creates 100,000 clean energy jobs and attracts $110 billion in private investments Read More »

PV funding activity increased by 42% year-on-year in 2023, driven by strong growth in private market financing and debt financing, despite a decrease in the total number of deals, according to Mercom Capital Group. January 19, 2024 From pv magazine Global Solar companies raised $34.3 billion in corporate funding last year – the largest amount …

Solar corporate funding hits decade-long high in 2023 Read More »