Overview It has been announced that 2,600 acres of federal land will be the new home to a 500 MW solar project. This project will be located in California, specifically in Riverside County. This Oberon Solar Project is the third project approved under the Desert Renewable Energy Conservation Plan. The Desert Renewable Energy Conservation Plan is a grounded plan that is focused on transforming and utilizing over 10 million acres of land spread throughout the desert regions of seven different California counties. Their main goal is to streamline and develop more renewable energy for outsourcing ..read more

These companies are  heading the Solar Power Market. Each company partook in multiple billion and million dollar deals with other companies, acquisitions and crowdfunding. These leading companies should be at the top of every solar power investors list to look out for!  Mytrah Energy (India) Analysis: Mytrah is a market disruptor in the clean energy sector. It is driven to make wind energy the most accessible source of power for India. Mytrah Group is focused on delivering sustainable energy in a world without subsidies.The group is privately owned and takes a long-term view of ..read more

Acquisition Overview Onward Energy has agreed to acquire the solar portfolio of Global Atlantic Financial Group. The portfolio consists of eleven different assets spread across eight states in the U.S. The financial details have not been disclosed, but the deal is set to be finished in the third quarter of this year. This acquisition will develop Onward Energy’s portfolio to 6GW in solar assets.  Onward Energy Portfolio Onward Energy CEO Steve Doyon said: “We believe that this acquisition of high-quality solar assets is a strong fit with our existing portfolio, consistent with our view o ..read more

Overview FlexGen Power Systems, Inc.(“FlexGen”), a leading PROVIDER of integrated services and software technology for energy storage solutions in the United States and around the world, announced on July 19, 2022, that it has raised $100 million in a Series C investment. The investment is mainly made by Vitol, the world’s largest independent energy trading company. The latest investment further solidifies FlexGen’s position as a leader in energy storage integration and will help it execute its large pipeline of projects in multiple regions. “We are excited to have Vitol join our existing inv ..read more

Overview Through the U.S. Department of Energy (DOE), The Biden administration announced a $56 million investment in the solar manufacture and recycling. To achieve the Biden administration’s goal of 100% clean electricity by 2035, the funds will be split into two parts to stimulate solar manufacturing and recycling, and commercialization of solar manufacturing technology. These funds will make clean energy more affordable and reliable, create good-paying jobs, and strengthen U.S. economic growth and competitiveness. In addition, the DOE announced $18 million in funding for seven proposed nati ..read more

Investment Overview On June 28th, Intersect Power received 750M in capital from TPG’s global investment platform. The investment was led primarily by TPG Rise Climate, with capital raised by Climate Adaptive Infrastructure LLC and Trilantic Energy Partners North America. The investment will help the U.S. generate and store renewable clean energy. “Our partnership with TPG Rise Climate, CAI and Trilantic further fuels our collective pursuit to accelerate the deep decarbonization of our economy, build American energy security, and deploy the billions of dollars of hard assets required to solve ..read more

Overview July 12, 2022, Norwegian energy group Equinor ASA(NYSE: EQNR) has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC. East Point Energy has a 4.1 GW current pipeline of early to mid-stage battery storage projects focused on the US East Coast. The acquisition is expected to close in the third quarter of this year and East Point Energy will continue to grow its business as a fully-owned subsidiary of Equinor. Explore the U.S. power market “The acquisition of East Point Energy represents Equinor’s entry into the US power market throu ..read more

Overview July 11, 2022, Syncarpha Capital LLC, a private equity firm dedicated to developing, owning, and operating commercial and utility-scale photovoltaic (PV) solar energy systems, and Rosemawr Sustainable Infrastructure Management, the sustainable infrastructure investment arm of investment firm Rosemawr Management partner on an initial $100 million financing to deploy solar and solar plus storage projects in Massachusetts and elsewhere in New England. “The deployment of shared community solar and energy storage infrastructure creates benefits for the power infrastructure and communities ..read more

 In 2018, former President Donald Trump introduced and enacted Section 201 tariffs on imports to the United States. When these tariffs were enacted, crystalline silicon photovoltaic, the main component in solar panels, was directly affected. According to the Canadian government, Canadian exports of solar products to the United States have dropped by as much as 80%. A  Memorandum of Understanding or MOU has been agreed upon between the United States and Canada. This will resolve the dispute on trade in solar products, where the US will remove its safeguard tariffs on solar products fr ..read more

Acquisition EV Connect, Inc. provides electric vehicle charging solutions in North America. The company operates a cloud-based platform for the management of charging stations and the drivers that use them. The acquisition gives EV Connect financial backing to optimize its EV charging infrastructure. CEO and founder Jordan Ramer continues to operate EV Connect as an independent subsidiary, along with the current management team. Comprehensive business EV Connect serves a wide variety of industries, including Apartments and Condos, Education, Fleet, Government, Healthcare, Hotels, Retail, and ..read more