Finance

Heliogen, provider of concentrated solar power (CSP) plants enabled with AI, reached the New York Stock Exchange on the last day of 2021 after completing a business combination with Athena Technology Acquisition Corp. The deal resulted in roughly $188 million in gross cash proceeds to Heliogen, which now trades under the ticker HLGN. At the time of …

Heliogen nets $188 million in cash in business combination, added to NYSE Read More »

Magnetar Capital was the lead investor and will name two new members to PosiGen’s board of directors. January 5, 2022 PosiGen, a provider of solar PV and energy efficiency solutions to low-to-moderate income (LMI) households announced the close of a $100 million preferred equity financing, led by Magnetar Capital’s Energy & Infrastructure group. The Investment …

PosiGen closes $100 million preferred equity financing Read More »

Royal Dutch Shell-backed Silicon Ranch announced the raise of $775 million in equity capital. The round was led by new investor Manulife Invesment Management, a division of Canada’s largest life insurance firm, which contributed $400 million. Existing investors Shell TD Greystone Infrastructure Fund and Mountain Group partners participated, as well. The deal is expected to …

Silicon Ranch raises $775 million in equity capital Read More »

Also on the rise: Aerial inspection and site data service provider, Heliolytics, acquired by NovaSource. Solar panel recycling firm teams up with Solaris. Investment gets Texas PV developer IndustrialSun ready for launch. Community solar moves forward in Illinois. International team of researchers develop solar-powered hydrogen energy platform. NovaSource acquires Heliolytics The deal was made as …

Sunrise brief: Palmetto captures PV potential of roughly 75% of U.S. rooftops Read More »

Hydrostor Inc. today announced a preferred equity financing commitment of US$250 million from the Private Equity and Sustainable Investing businesses within Goldman Sachs Asset Management. Hydrostor, a Canadian company with patented advanced compressed air energy storage (A-CAES) technology designed to provide long-duration energy storage, uses proven components from mining and gas operations to create a …

Goldman Sachs invests $250 million in Hydrostor to advance long-duration energy storage projects Read More »

Also on the rise: Nearly half of all new capacity added to the grid will come from solar. Washington community solar bill garners support. Optimizer manufacturer Alencon expands manufacturing and R&D facilities outside of Philadelphia. GoodWe rebranding reflects the ‘smarts’ in its inverters and storage technology. Three California community choice jointly issued an RFP. Solar …

Sunrise brief: Goldman Sachs invests $250 million in Hydrostor Read More »

Three of the four projects financed under this agreement are already completed and in service, with the fourth expected to join by the end of Q1 2022. January 11, 2022 OYA Solar announced that the company has entered into an agreement with Greenprint Capital to provide the tax equity financing for four community solar projects located …

OYA Solar closes on tax equity financing for four New York community solar projects Read More »

Financing for both projects was facilitated by power purchase agreements. For the Arkansas project, the agreement is with Conway Corp. and for the Louisiana project the agreement is with McDonald’s and eBay. January 12, 2022 Lightsource bp successfully closed financing on two major solar installations. The Conway Solar project, located near Happy, Arkansas, includes a …

Lightsource bp closes financing on 135 MW solar project in Arkansas and 345 MW solar project in Louisiana Read More »

Lightsource bp closes financing on 135 MW solar project in Arkansas and 345 MW solar project in Louisiana Financing for both projects was facilitated by power purchase agreements. For the Arkansas project, the agreement is with Conway Corp. and for the Louisiana project the agreement is with McDonald’s and eBay. Work on Tesla’s rooftop solar …

Sunrise brief: Solar panels, racking and inverters stationed on Tesla’s gigafactory roof offer a glimpse of the project underway. Read More »

Q Cells North America announced a partnership with Kendall Sustainable Infrastructure, LLC (KSI), a development and finance firm that manages investments in distributed scale solar and energy storage projects with the ultimate goal of ownership. Q Cells has allocated capital for investment into KSI projects in the U.S. including those that could include solar modules, …

Q Cells partners with KSI for solar and storage project development and financing Read More »