In its recent quarterly earnings report, Sunlight Financial disclosed nearly $550 million in underwater residential solar loans, after which it executed a 20:1 reverse split to bolster their stock price, aiming to maintain it above $1/share to avert delisting. August 25, 2023 Sunlight Financial released an 8-K on August 23, 2023, indicating it had performed …
Bolstered by private equity and the acquisition of four U.S. manufacturers, ESDEC is seeking further expansion via capital raised from public markets. August 22, 2023 Solar racking conglomerate ESDEC is reportedly targeting a $5 billion valuation in preparation for its initial public offering (IPO), following significant acquisition-driven growth in the U.S. and Europe. According to …
Solar racking company ESDEC eyes $5 billion valuation ahead of planned IPO Read More »
Following the Federal Reserve’s interest rate hikes, the loan products of the residential solar finance company Sunlight Financial are at risk of being sold for a loss. This has led the firm to question its ability to continue operating. August 11, 2023 Sunlight Financial Holdings, known for its residential solar financing, has raised substantial doubts …
Sunlight Financial challenged to sell $550 million in residential loans Read More »
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Sunrise brief: FERC reforms interconnection, speeding critical renewables delays Read More »
The microinverter provider is slipping in share price as revenues dip. It announced a $1 billion stock buyback program. July 28, 2023 Enphase, a leading provider of solar microinverters, delivered lower-than-expected revenues for Q2, 2022. It also offered significantly lower than expected guidance for revenues next quarter, posting an expectation of $550 million to $600 …
Enphase lowers revenue guidance as U.S. residential solar stagnates Read More »
In one Florida town, NREL researchers worked with local stakeholders and community members to develop a guide for installing solar panels on churches and other commercial-scale buildings across the state. July 27, 2023 The Black Farmer’s Collaborative (the Collaborative) is working with the U.S. Department of Energy, National Renewable Energy Laboratory (NREL) researchers to scale …
Scaling clean energy by and for Black farmers in Florida Read More »
The company had strong year-over-year growth deploying its Powerwall batteries, but its rooftop solar division continues to retract. July 21, 2023 The Tesla Energy business unit is shifting focus, with Q2 year-over-year solar deployments down 38%, and energy storage deployments up 222%. Tesla posted these results in its Q2, 2023 earnings call. The company reported …
Tesla solar down 38%, energy storage up 222% in Q2 Read More »
The funding round was led by Standard Investments with several other investors participating. July 19, 2023 Leap, a provider of software that facilitates virtual power plant access, announced it has secured $12 million in equity financing to scale its business. The funding round was led by Standard Investments with participation by DNV Ventures and Sustainable Future Ventures. Existing investors including Union …
Leap raises $12 million to expand virtual power plant business Read More »
Two Notices of Funding Opportunities total $20 billion and aim to mobilize private capital into clean tech projects to create jobs and lower energy costs. July 17, 2023 The U.S. Environmental Protection Agency (EPA) launched two Notices of Funding Opportunity (NOFOs) for $20 billion for two competitive grant opportunities. The grants are intended to mobilize …
EPA announces two grant opportunities for clean tech projects Read More »
According to Mercom’s Solar Funding report almost 25.5 GW of solar projects were acquired in the first half of the year, totaling $18.5 billion. July 17, 2023 Mercom Capital Group’s Solar Funding and M&A, 2023 First Half Report finds healthy financial activity in the solar sector in the first half of 2023. And while the …
First half 2023 total solar corporate funding increased 54% year-over-year Read More »
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