Finance

Post-IRA, the global renewable energy developer is moving forward development projects in the U.S., which increases the growth prospects of its renewable development businesses. February 3, 2023 Brookfield Renewable Partners, a Canadian-listed renewable energy developer, reported a record year of growth in 2022, with funds from operations (FFO) of $1.005 billion, or $1.56 per unit for …

Brookfield Renewable nearly doubles development business to 110 GW from 62 GW Read More »

Job moves in solar, storage, cleantech, utilities, and energy transition finance.  February 1, 2023 Armando Pimentel rejoined NextEra Energy as the next President and Chief Executive Officer of Florida Power & Light. Pimentel joins FP&L in place of Eric Silagy, who is retiring from NextEra Energy after 20 years, including 11 as CEO of FP&L. …

People on the Move: NextEra, Avangrid, Cypress Creek, David Energy and more   Read More »

Enteligent’s time-of-generation EV charging technology allows real-time charging from solar, resulting in what the company says is up to 25% in energy savings, versus traditional DC to AC configurations. February 1, 2023 Enteligent Inc., a developer of DC to DC solar optimization modules and solar EV charging station systems, closed a $7 million growth funding …

DC:DC hybrid solar to EV optimizer distributor raises $7 million in funding Read More »

Enlight is a renewable energy developer based in Israel that has an active operational portfolio and development pipeline of 17 GW solar and wind farms plus 15.3 GWh of storage in nine countries, including 17 U.S. states. January 23, 2023 Enlight Renewable Energy Ltd., a global renewable energy developer, filed a Form F-1 registration statement …

Enlight Renewable Energy to go public on Nasdaq exchange Read More »

Solar on affordable-housing complex in Austin provides free energy to residents Foundation Communities, Spear Commercial & Industrial, and Trina Solar US partner to bring equitable renewable energy project to life. SolarEdge ships battery cells to stationary energy storage market  The global inverter and storage manufacturer began shipping NMC pouches from its Sella 2, South Korea …

Sunrise brief: SolarEdge ships battery cells to stationary energy storage market Read More »

Mercom reports that equity financing and M&A transactions were both up more than 55% in 2022, as the energy transition draws new levels of investment. January 17, 2023 In a report that tracks distributed energy technology funding for 2022, Mercom Capital Group reported that total equity, debt and public market financing hit $31.7 billion for the …

2022 energy storage financing, M&A activity increases Read More »

Tigo’s new capital is from L1 Energy, an investment fund of LetterOne (L1), which manages $6 billion in energy investments worldwide. January 16, 2023 Tigo Energy, a solar inverter and energy storage provider, signed a definitive agreement with L1 Energy for the purchase of $50 million of newly issued convertible notes. The company said it …

Tigo Energy raises $50 million from L1 Energy Read More »

Mercom reports that it was the second highest year for solar mergers and acquisitions, with an estimated 66 GW of solar projects sold to new buyers in 2022. January 13, 2023 In a report that tracks solar funding for the full year 2022, Mercom Capital Group reported that total equity, debt and public market financing totaled $24.1 billion …

2022 saw a drop in solar funding, strong rise in acquisitions Read More »

The Solar Energy Loan Fund (SELF), a 501(c)(3) non-profit organization providing unsecured financing solutions to Florida and Southeast U.S. residents adding solar and home improvements, recently surpassed $30 million of cumulative loans. As a green bank and Community Development Financial Institution (CDFI), to date SELF has provided loan products to historically underserved and underbanked low-to-moderate …

Solar Energy Loan Fund surpasses $30 million of residential loans Read More »

With a 600 MW+ project pipeline, active development includes community solar and other projects primarily across the Northeast.  January 3, 2023 San Diego, California-based Luminia, a financier of community solar and other sustainability projects, reports that it closed 2022 with over $2.5 billion in commercial solar financing requests across the U.S., representing close to 200 …

Luminia closes out 2022 with $2.5 billion in solar financing requests Read More »