Finance

Preliminary reports from the Coalition for Green Capital say investment in clean energy projects and technologies increased 52% over 2022. April 23, 2024 The Coalition for Green Capital (CGC), a non-profit group focused on generating financing for climate technologies and clean energy projects, says public and private investments in its network increased over 50% in …

Green Bank network’s total investment could reach $10B for 2023 Read More »

A report from Wood Mackenzie examines how the global shift to heightened interest rates to combat inflation is squeezing the energy transition. April 22, 2024 After a period of historically low interest rates from 2009 to 2022, central banks have sharply raised interest rates to fight inflation. The increase of cost of capital has “profound …

High interest rates are challenging the global transition to renewable energy Read More »

Nexamp secured a $520 billion capital raise. It serves nearly 80,000 customers nationally and has a $2 billion investment strategy in Illinois. April 10, 2024 Community solar provider Nexamp announced it has secured a $520 million capital raise led by Manulife Investment Management, with participation from existing investors Diamond Generating Corporation and Generate Capital. The …

Community solar provider secures over half-billion-dollar investment Read More »

In the fall of 2023, Sister Margaret, a retired nun from the Mission of Chalatenango in El Salvador, reached out to pv magazine USA seeking support in saving electricity costs by installing a small solar power system. The Sister resides in a convent in Santa Ana with nine other sisters who can no longer physically …

Sister Margaret seeking solar, a GoFundMe opportunity Read More »

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Sunrise brief: West Virginia Governor vetoes bill that would double allowable solar project size Read More »

Reducing building energy usage is key to achieving a least-cost 100% renewable grid, a study by the National Renewable Energy Laboratory has found. Residential energy efficiency gains also save money and improve comfort. Those two factors are motivating customers of some rural electric co-ops to borrow from their co-op to pay for energy efficiency improvements. The loan is …

Rural electric co-ops lend money to customers to improve energy efficiency Read More »

The utility-scale solar project will supply power to the PJM regional transmission operator. March 21, 2024 Doral Renewables announced it has secured financing for the Great Bend Solar project, a 48 MW facility to be located in Meigs County, Ohio. The solar project marks Doral’s first in Ohio. HBSC acted as sole lender, providing $114 …

Doral Renewables secures $114 million for Ohio solar project Read More »

Regional solar, storage, and energy efficiency provider Sunergy: By Zeo Energy joined the NASDAQ exchange following an acquisition by ESGEN Acquistion Corp. March 14, 2024 Florida-based rooftop solar, energy storage,and energy efficiency provider Sunergy Renewables completed a business combination with special purpose acquisition company (SPAC) with ESGEN Acquisition Corp. Following the combination, the new entity …

Florida-based rooftop solar and storage company goes public Read More »

The 15 MW / 38 MWh Viejas Microgrid is the first project to be offered a conditional commitment through the Tribal Energy Financing Program. March 13, 2024 The Viejas Microgrid Project, which is already under construction, will provide the Viejas Band of the Kumeyaay Indians a 15 MW solar plant along with a 38 MWh …

DOE Loan Programs Office announces $73.4 million for microgrid on Tribal lands Read More »

Since 2016, some $2.4 billion worth of venture capital flowed to companies developing electric aviation and other air travel decarbonization technologies with a strong start in investment volume in 2024, according to Dealroom.co, a Dutch data and intelligence firm. March 12, 2024 From pv magazine Global Since 2016, there has been $2.4 billion worth of …

Decarbonized aviation attracts venture capital Read More »