Finance

Goldman Sachs announced it has invested $440 million under its Alternatives fund in BrightNight, a renewable power company providing solutions to utility, commercial, and industrial customers. BofA Securities, Inc. and PJT Partners acted as financial advisors to BrightNight. Jefferies LLC acted as sole financial advisor and Weil, Gotshal & Manges served as legal counsel to …

Goldman Sachs invests $440 million in renewable independent power producer Read More »

The solar tracker manufacturer increased its fiscal Q1 2025 revenue to $720 million, up from the previous year’s revenue of $480 million. August 2, 2024 Nextracker (Nasdaq: NXT), a U.S.-based solution provider of solar trackers and software, posted its earnings for Q1 fiscal year 2025. For nine consecutive years, the company stands as the global …

Nextracker posts 50% year-over-year revenue growth Read More »

Paces reports that its software streamlines the traditionally manual process of site selection and project due diligence by consolidating and interpreting spatial, zoning, permitting, interconnection, and environmental data. July 31, 2024 Paces, a GIS and data platform, recently completed its Series A funding round, raising $11 million. The round was led by Navitas Capital, an …

GIS and data platform raises $11 million to accelerate clean energy development  Read More »

The residential solar and energy storage “adaptive services” provider partnered with EV charging and home energy financers. July 30, 2024 Sunnova Energy International, a publicly traded home “adaptive services” company providing solar, energy storage, and home energy management services, announced it has formed two new partnerships with Tenet Energy and Finturf. Tenet Energy is a …

Sunnova forges two new partnerships with home energy financers Read More »

Two solar-plus-storage projects in Puerto Rico eligible for a loan guarantee would double the territory’s utility-scale solar capacity. July 22, 2024 The Loan Programs Office of the U.S. Department of Energy (DOE) has made a conditional commitment for a loan guarantee for up to $861 million to finance construction of solar-plus-storage projects and standalone storage …

DOE offers conditional loan guarantee for 200 MW solar, 285 MW storage in Puerto Rico Read More »

Residential solar company SunPower (Nasdaq: SPWR) suffered a 70% decline in share prices of its stock this week, crashing nearly 50% on Friday, July 19. Reuters reported that SunPower communicated to its employees that it will pause several core operations. The company announced it will deactivate its lease and power purchase agreement offerings and will …

Residential solar company SunPower stock crashes 70% Read More »

Gemini is located thirty minutes outside of Las Vegas and with its 1.8 million solar panels, will power about 10% of Nevada’s peak power demand. July 19, 2024 Primergy and Quinbrook Infrastructure Partners announced that the Gemini solar-plus-storage project outside of Las Vegas, Nevada is now operational. The 1.8 million solar panels are expected to …

Largest solar-plus-storage project in U.S. now operational in Nevada Read More »

Each project comprises 86 Tesla Megapacks and will provide a capacity of 320 MWh of battery storage with a two-hour duration. July 18, 2024 Intersect Power announced the closing of two separate transactions representing an aggregate of $837 million of financing commitments for the construction and operation of three standalone battery energy storage systems (BESS) …

Intersect Power closes $837 million in financing for three battery systems in Texas Read More »

High interest rates, an uncertain rate trajectory and timeline, increasing trade barriers, supply chain challenges, concerns about the presidential election’s impact on the sector, and constantly evolving trade policies have created a climate of uncertainty. July 18, 2024 From pv magazine Global Total corporate funding in the solar sector reached $16.6 billion in the first …

Solar corporate funding drops to $16.6 billion in H1 Read More »

The company plans to deliver its first systems in 2025 and open a full-scale production facility in 2027. July 17, 2024 U.S. manufacturer Peak Energy announced it has secured a $55 million Series A funding round to scale production of grid-scale sodium-ion batteries. The funding round was led by Zora Innovation, a investing platform of …

Peak Energy secures $55 million Series A funding to manufacture sodium-ion batteries Read More »