Finance

Array Technologies’ close relationship with First Solar, Hanwha, and Maxeon may be the reason for its strong revenue guidance, said an industry note from Phil Shen, managing director of ROTH Capital. April 6, 2022 Array Technologies, a solar mount/tracker provider, released its fourth quarter results, and issued a strong forecast for revenues this year. This comes …

Array Technologies may be insulated from anti-circumvention, said ROTH Read More »

Communities LEAP Program aims to provide supportive services valued at up to $16M for community-driven clean energy transitions. March 31, 2022 The US Department of Energy (DOE) Local Energy Action Program, also called Communities LEAP, is an initiative designed to help energy-overburdened communities take direct control of their clean energy futures. The DOE just announced …

DOE names 22 communities to receive energy assistance through the Communities LEAP program Read More »

In Wood Mackenzie’s solar installer Leaderboard, Freedom Forever overtakes Tesla in the top three spot for the first time. March 29, 2022 US residential solar grew nearly 30% year-on-year and reached a record-breaking 4.2GW of new installations in 2021. This is a significant accomplishment considering the challenges faced last year including volatile supply chains, rising …

Tesla drops from top three residential solar installer ranking Read More »

The funding is is available for energy storage activities authorized under the Better Energy Storage Technology Act and is intended to increase the affordability of energy storage and related technologies. March 25, 2022 Senator Susan Collins, a senior member of the Appropriations Committee, announced that the 2022 omnibus spending bill, which passed earlier in the …

Federal budget includes $500 million for promoting energy storage Read More »

A recent offering of 2 million shares at $295 arms the company with capital for “acquisitions and general corporate purposes.” Philip Shen, managing director, ROTH Capital Partners said in an industry note the offering was “well timed,” reiterating a buy rating. March 21, 2022 SolarEdge Technologies, a major player in the PV inverter space, recently …

SolarEdge $590 million capital raise “expands the war chest,” said ROTH Read More »

Also on the rise: DOE introduces five-year plan for reducing environmental impacts of solar. Three Wisconsin utilities to buy stake in $433 million Paris solar-plus-storage project. A group of 22 bi-partisan California legislators call on regulators to maintain net metering. Maxeon to provide 400MW of solar modules to Origis Energy. Source Renewables, Sol-REIT partner to …

Sunrise brief: CHARGE Act lays groundwork for making critical changes to energy transmission planning and operations Read More »

The company announced the launch of a turnkey operation for sub 20MW projects and reported revenues of $101.7 million in the fourth quarter. March 16, 2022 Austin, Texas-based FTC Solar, a global provider of solar tracker systems, posted its fourth-quarter 2021 earnings results, and showed year over year growth of 130%. Fourth quarter revenues of …

Global tracker provider FTC Solar posts 130% growth in 2021 Read More »

The Virginia State Corporation Commission’s Hearing Examiner has proposed a requirement for residential shared solar customers to pay a $55 minimum bill each month, which opponents claim will dramatically limit program participation. March 10, 2022 Just over six months ago, the state of Virginia began accepting applications for its new shared solar program, under which …

Renewable advocates urge regulators to reject fixed charge for shared solar program Read More »

Solar real estate investment fund SolaREIT will now have more capital at its disposal, as it closed a $100 million securitization with Nuveen. SolaREIT offers land financing options, headlined by its pre-paid solar land lease, which offers immediate lease payment to landowners for siting projects on their property. The company works directly with landowners and …

SolaREIT closes $100 million securitization Read More »