Finance

OneEnergy Renewables, a public benefit corporation, announced plans to build two utility-scale solar projects in Wisconsin. The projects will have a combined capacity of approximately 165 MW, advancing the state toward its net-zero by 2050 goal. The two projects are financed through an asset purchase agreement with We Energies, Wisconsin Public Service Corporation (WPS) and …

Two Wisconsin solar projects financed through asset purchase agreement Read More »

From pv magazine Global Israel-based inverter maker SolarEdge reported $260.9 million in revenue for the three-month period ending in the third quarter of 2024. This marks a 2% decline from the previous quarter and a 64% drop compared to the same period in 2023. Revenue from its solar segment totaled $247.5 million, up 3% on the prior …

SolarEdge posts $1.21 billion net loss in Q3 Read More »

A federal partnership program will offer financial and technical assistance to remote and tribal communities that are at any stage of microgrid planning or development. November 8, 2024 The U.S. Department of Energy is accepting applications from remote and tribal communities to receive technical and financial assistance for microgrid development. Microgrids powered by renewables, DOE …

Renewable microgrid projects in remote and tribal communities to receive federal support Read More »

U.S.-based solar tracker manufacturer Nextracker (Nasdaq: NXT) posted its earnings through the first half of fiscal year 2025, reporting significant growth and a strengthening balance sheet. Nextracker secured $1.35 billion in revenue through 1H FY 2025, representing 29% year-over-year growth. Fiscal year 2025 Q2 revenue increased 11% year-over-year to $636 million. The company’s adjusted EBITDA grew …

Solar tracker manufacturer Nextracker reports 29% year-on-year growth Read More »

The U.S. thin-film solar manufacturer posted revenues roughly 18% short of Wall Street consensus expectations. October 30, 2024 U.S. headquartered solar panel manufacturer First Solar released its Q3, 2024 earnings report. The company missed on expectations for revenue and moderately lowered its guidance for full year 2024 revenues. First Solar (FSLR) posted revenues of $887 …

First Solar misses on Q3 revenue, lowers 2025 guidance Read More »

Residential solar customers typically purchase their project via a loan, cash, or a third-party owned contract like a lease or power purchase agreement (PPA). Marketplace operator EnergySage shared data through the first half of 2024 on trends in residential solar loan packages. As of the end of 2023, WoodMackenzie reported that 57% of residential solar …

What to expect in a residential solar loan Read More »

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Sunrise brief: Residential solar installer Lumio files for bankruptcy Read More »

The U.S. Department of Energy will provide $125 million in funding for two Energy Innovation Hub teams to accelerate energy storage technologies. The research focus will be energy storage for both transport and stationary storage applications. September 4, 2024 The two Energy Innovation Hub teams now receiving funding will be made up of scientists from …

U.S. DOE announces $125 million to fund two Energy Innovation Hubs Read More »

The 140 MW solar and 472 MWh storage project is expected to generate enough electricity to power 63,000 homes. August 27, 2024 Clearway Energy Group closed $550 million in construction financing and started construction on its Rosamond South I solar and storage project in Kern County, California. The project is expected to become operational in …

Clearway closes $550 million financing for solar-plus-storage project in Kern County Read More »

The solar company logged $1.64 billion in revenue, down from $2.36 billion in the previous year’s Q2. August 22, 2024 Canadian Solar (Nasdaq: CSIQ), a global provider of solar modules, energy storage, and other clean energy components and solutions, announced its Q2 2024 earnings The company posted $1.64 billion in revenues, roughly coming in line …

Canadian Solar drops 15% post Q2 earnings report Read More »