Finance

A new ACORE report says corporate use of power purchase agreements remain integral to getting large solar projects off the ground. January 8, 2025 Corporate use of power purchase agreements (PPAs) is more important than ever, says a report by the American Council on Renewable Energy (ACORE). “Clean energy is advancing at its fastest pace …

Despite wind and solar’s low costs, PPAs remain vital Read More »

SolarEdge Technologies plans to lay off 400 employees globally, its fourth job-cut announcement in the past year. Recent safe harbor agreements and 45X credit sales may help the company on its path to recovery. January 6, 2025 SolarEdge Technologies plans to lay off 400 employees globally, its fourth job-cut announcement in the past year. Last …

SolarEdge stock jumps as the company announces more layoffs Read More »

The U.S. Department of Energy (DOE) Solar Energy Technologies Office announced the Solar with Wildlife and Ecosystem Benefits 2 (SolWEB2) notice of funding opportunity, which will award up to $11 million to improve the compatibility of large-scale solar (LSS) facilities with wildlife and agriculture. The funding intends to support research and development, technical assistance, and stakeholder …

$11 million funding opportunity for solar that benefits wildlife and agriculture Read More »

The U.S. Department of Energy (DOE) Solar Energy Technologies Office announced the Solar with Wildlife and Ecosystem Benefits 2 (SolWEB2) notice of funding opportunity, which will award up to $11 million to improve the compatibility of large-scale solar (LSS) facilities with wildlife and agriculture. The funding intends to support research and development, technical assistance, and stakeholder …

$100 million funding opportunity for solar that benefits wildlife and agriculture Read More »

Qcells aims to reestablish critical parts of the U.S. solar supply chain by manufacturing ingots, wafers, cells, and finished solar modules. December 20, 2024 The Department of Energy’s (DOE) Loan Programs Office (LPO) announced the closing of a $1.45 billion loan guarantee to Hanwha Qcells. Aiming to reestablish critical parts of the U.S. solar supply …

DOE finalizes $1.45 billion loan guarantee for Qcells’ Georgia solar plant Read More »

PG&E believes that investing in infrastructure will help it supply the forecasted load growth, increase electric reliability and reduce costs for its consumers across California. December 19, 2024 The Department of Energy’s Loan Programs Office (LPO) announced a conditional commitment for a loan guarantee of up to $15 billion to Pacific Gas & Electric Company …

PG&E granted loan guarantee of $15 billion from DOE Read More »

From ESS News Boralex, a renewable energy company based in Québec, Canada, has successfully closed $538 million financing for a 300 MW/ 1,200 MWh BESS project, the Hagersville Park. Located in Haldimand County, Ontario, it will be the largest BESS project to date in Canada once it reaches the commissioning stage. Hagersville’s financing is comprised …

Developers close $538 million for 1.2 GWh battery storage facility in Canada Read More »

The DOE announced a $1.25 billion loan for EVgo to build fast chargers, along with $9.6 billion for Ford and battery manufacturer SK to construct three battery factories. December 17, 2024 The U.S. Department of Energy’s Loan Program Office (LPO) has finalized two loans totaling more than $10 billion to support the burgeoning electric vehicle …

$10 billion in government loans announced for EV companies Read More »

When international regulators drafted the Basel III Endgame regulations as a response to the 2008 financial crisis, they aimed to curb risky bank investments, but their one-size-fits-all approach threatens to dismantle the traditional tax equity structure and has created a wave of concern that has swept through the renewable energy industry, among financial institutions and …

Basel III Endgame shouldn’t dim the future of renewable energy financing Read More »

Awarded by California’s Long Duration Energy Storage program, the grant will enable International Electric Power to install six megawatts of storage at one of the country’s busiest installations. December 16, 2024 Zinc-ion batteries just got a big boost. A $42 million battery storage grant is headed to San Diego’s Camp Pendleton, one of the country’s …

Camp Pendleton bags $42 million for zinc-ion battery storage Read More »