Tag Archives: million
OneRoof Energy Raises $100M
Residential solar financing companies are continuing to expand, thanks to homeowner demand and financiers willing to invest. Most recently OneRoof Energy has joined the fray, completing an agreement to invest in up to $100 million in residential solar projects. That brings the company’s total up to more than $200 million in funding. The recent agreement [...]
DOE Treasury Throws $150M at Clean Energy Manufacturing
In an effort to spur more U.S.-based solar, wind and other clean energy manufacturing, the Department of Energy and the Treasury Department teamed up to offer $150 million in tax credits. Under the offer, announced today, Feb. 7, the Treasury Department is allocating credits to the Advanced Energy Manufacturing Tax Credits program that weren’t previously [...]
Sungevity Scores $125M
Sungevity, the solar financing and solar software startup, just announced $125 million in new venture capital and project financing. It’s another sign that investors still see value in the downstream solar market. SolarCity (SCTY), recently public, is trading at $13.72 per share. The optimism embedded in SolarCity’s stock performance likely helps companies like Sungevity or [...]
Stion Grabs $25M to Boost Production
Just in time for the holidays, Stion Corp. has announced its latest, $25 million round of financing to allow the start-up photovoltaic maker to move forward with its plans to start commercial manufacturing of its next generation photovoltaics. The company is working to bring it’s unique, tandem copper indium gallium diselenide (CIGS) module thin-film photovoltaic [...]
10 Millionth Module Installed by First Solar
First Solar has been on the uptick lately. Last week its 230 megawatt Solar Ranch One project in California’s Antelope Valley was allowed to move forward. And on June 25, 2012, First Solar announced that it has installed 10 million of its modules. While that’s an impressive figure for a company that’s only been in [...]
India’s Solar Heating Industry Worth $200M
Solar Water Heaters in India are growing at an annual growth rate of more than 15% driven by the following factors a) Growing urbanization and buildings of new homes b) Economic viability compared to electric heaters as electricity tariffs keep going up c) Government support for this Green Friendly product. Note the market for water heaters [...]
Soitec Wins $25M SUNPATH Award
Soitec’s new manufacturing facility in San Diego got a $25 million boost this week from the Department of Energy’s SunShot Initiative’s SUNPATH (Scaling Up Nascent PV At Home) program. The investment will help the France-based company start producing concentrating photovoltaic modules at its new facility by the end of 2012. “We will be producing at [...]
SolarCity Gets $250M in Funding from U.S. Bancorp
For the sixth time, U.S. Bancorp has put up major funding to partner with SolarCity in the rapidly expanding third-party ownership sector of the rooftop solar PV business. “It speaks volumes about the value of investing in solar,” noted SolarCity spokesperson Jonathan Bass about U.S. Bancorp’s re-investment. This funding, the bank’s largest in its three-year [...]
Enphase Energy Has Sold 1,000,000 Microinverters
Earlier this month we announced the shipment of our millionth microinverter, and we took a moment for a celebration at our booth on Wednesday of the show. We had quite a crowd show up to help us enjoy our microinverter-shaped cake! The millionth unit also made an appearance decked out in a special golden cover [...]