Finance

Mitsubishi UFJ Financial Group provided the funding to help Convergent Energy and Power advance its energy storage and solar portfolio in North America. December 12, 2024 Ontario-based Convergent Energy and Power closed a programmatic construction-to-term loan, tax equity bridge loan, and letter of credit facility with Mitsubishi UFJ Financial Group (MUFG). Convergent reports that the …

Distributed energy storage provider closes $150 million in financing Read More »

Raptor Maps secured the Series C funding, and plans to use it to accelerate product development, including enhancements in solar automation, work management, and machine-learning insights. December 11, 2024 Raptor Maps secured $35 million in Series C funding, the solar drone inspection provider announced. The Boston-based company raised the money in a Series C round …

Solar drone inspection software company secures $35 million in funding Read More »

The solar panel manufacturer and energy storage provider posted revenues of $1.51 billion and a net loss of $14 million. December 9, 2024 Canadian Solar (Nasdaq: CSIQ), a global provider of solar modules, energy storage, and other clean energy components and solutions, announced its Q3 2024 earnings, falling short of Wall Street consensus expectations. The …

Canadian Solar posts Q3 net loss, falls short on revenue Read More »

The Singapore-headquartered company has faced product detainment by U.S. Customs and has announced plans to focus solely on the U.S. market. December 6, 2024 Maxeon Solar Technologies, a major solar panel manufacturer headquartered in Singapore, reported its third quarter earnings.  The company posted a $179 million loss in Q3 2024. The company said earnings were …

Maxeon Solar reports $179 million Q3 loss Read More »

The National Renewable Energy’s Lab’s Community Microgrid Assistance Partnership is focused on microgrid energy systems serving the needs of underserved and Indigenous communities. December 5, 2024 The Department of Energy (DOE) launched the Community Microgrid Assistance Partnership (C-MAP) in October to bring renewable energy to remote, underserved areas of the U.S.  C-MAP opened a funding …

RFP alert: Funding opportunity for microgrids in remote areas of U.S. Read More »

The latest list sees India-based Insolation Energy, Waaree Renewable Technologies, and Solex Energy maintain the top three positions and Kyocera entering the top ten, up from thirteenths spot. December 3, 2024 From pv magazine Global Sinovoltaics, a Hong Kong-based technical compliance and quality assurance service firm, has released the fourth free-to-download edition of its PV Module …

Sinovoltaics updates PV module manufacturer financial stability ranking Read More »

Catalina Energy Capital reports it has three significant solar and battery energy storage infrastructure deals complete and is on track to advise on over 4 GW of solar and storage assets by the end of this year. December 2, 2024 Catalina Energy Capital is a renewable energy investment bank with a mission to accelerate the …

The launch of a new renewable energy investment bank Read More »

The conditional loan guarantee will help deploy up to 1,000 solar and battery energy storage systems in a virtual power plant that spans as many as 27 states. November 26, 2024 The Department of Energy Loan Program Office (LPO) announced a conditional commitment of up to $289.7 million to Sunwealth to help finance Project Polo. …

Energy Department announces $289.7 million loan guarantee for widespread VPPs Read More »

Funding for solar manufacturing, project development, and more continues to roll in, as evidenced by three hundred-million-plus deals struck this week. November 25, 2024 Investor interest in solar energy in the United States is thriving. While higher borrowing costs have challenged the industry’s growth in recent years, the trend is clear: solar is growing. This …

Solar financing is alive and well Read More »

Silfab Solar Inc. has closed on $100 million of new financing to scale its state-of-the-art solar cell manufacturing plant in Fort Mill, South Carolina. Silfab, a Canadian-headquartered company, announced its intention to produce 1 GW of cells and to add 1.3 GW of module capacity at the facility, which the company said will begin operations …

Silfab secures $100 million to manufacture solar cells in U.S. Read More »