Finance

DOE invests $56 million in solar manufacturing and recycling

The initiatives will support recycling processes, manufacturing perovskite PV cells, boosting thin-film cadmium telluride module manufacturing, and creating easier and more effective pathways to commercialization. July 15, 2022 Through the Department of Energy (DOE) the Biden Administration has announced a commitment of $56 million to spur domestic manufacturing and recycling of solar modules, with DOE …

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Energy Toolbase launches PPA generator platform for solar and storage

Commercial, industrial, and non-profit solar developers can now generate power purchase agreements via Sustainable Capital Finance on the company’s developer platform. July 13, 2022 Energy Toolbase made a new partnership with Sustainable Capital Finance, adding the ability to instantly generate power purchase agreement (PPA) financing quotes for commercial, industrial, and non-profit solar projects. The PPA …

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$500 million invested in Pine Gate Renewables to support utility-scale solar buildout

Sustainable infrastructure investment and operating platform Generate Capital announced it made a $500 million investment in Pine Gate Renewables, a developer of utility-scale solar and energy storage. The investment includes $200 million in equity investment and $300 million in long-term asset partnership for project financing. It is expected to provide Pine Gate with additional funding …

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Construction complete on largest solar farm in Nebraska

The 8.5 MW community solar installation offers battery storage, a pollinator habitat, and an educational component for students at a local community college. June 22, 2022 The City of Norfolk, Nebraska Public Power District (NPPD), and members of the community are celebrating the completion of construction of what is currently the largest solar farm in …

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Forefront Power, Hannon Armstrong partner on 131 MW distributed solar portfolio

The portfolio includes a number of projects already in operation and brings Forefront’s total capacity of owned and developed solar projects to more than 800 MW of capacity across more than 1,000 projects. June 13, 2022 Forefront Power announced it partnered with Hannon Armstrong Sustainable Infrastructure Capital to create an equity investment platform for the …

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Enphase has shipped 43.4 TWh of solar microinverters to date

The company highlighted its accomplishments in its 2021 environmental, social, and governance report. Plus, financial analysis from ROTH Capital Partners. June 7, 2022 Enphase Energy, a leading California-based microinverter and energy storage provider, announced several milestones in its 2021 environmental, social, and governance report. Along with its major competitor SolarEdge, the company holds a dominant …

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Investors are flocking back to natural gas, but renewables remain attractive

EY’s most recent transactions in power and utilities report shows that while Europe is looking to fill a Russian-sized void in energy supply, renewables remain an attractive investment in the US. June 1, 2022 Ernst & Young (EY) has released a report detailing transactions in power and utilities (P&U) for Q1 2022, with data showing …

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Climate First Bank launches residential solar loan platform

The solar loans, available to Florida customers, come with no dealer fees. The company seeks partnerships with residential and commercial installers in the state. May 24, 2022 Climate First Bank, an FDIC-insured climate change focused community bank, announced it launched its first digital solar loan platform for residents of Florida. The loan platform features a …

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Amazon is lead investor in US-based solar cell production facility

Ambient Photonics will build a fully automated manufacturing facility to produce solar cells for powering consumer electronics. May 17, 2022 Ambient Photonics secured $31 million in Series A financing for a solar cell production facility, led by Amazon through its Climate Pledge Fund, and Ecosystem Integrity Fund, Future Shape, and I Squared Capital also participating in …

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