USA

Greenvolt Power Actualize is a joint venture focusing on large-scale solar projects in North America. The JV has signed contracts with a major US utility for 97-MW DC solar projects, generating enough to power 16,000 homes. Projects operational 2025-2026. Actualize Solar Partners has 30 GW of renewable power assets.

Dominion Energy is constructing a 100-MW solar facility with a battery storage component, expected to generate enough electricity to power over 37,000 homes. The project will commence late this year, and will result in USD 200 million in economic activity and two 1-MW solar carport arrays, 18 electric transit buses, 50 electric fleet vehicles and electric vehicle charging stations.

BESS Power Corporation secures USD 15M to develop 2.4 GW of utility-scale stand-alone energy storage projects; featuring the 407.55-MW Lund Storage Center in Texas, with additional projects in Arizona, Tennessee and New Mexico. Founded in 2022.

Global new investment in renewable energy skyrocketed to $358 billion in the first six months of 2023, a 22% rise compared to the start of last year and an all-time high for any six-month period. This is based on the latest investment data from BloombergNEF’s 2H 2023 Renewable Energy Investment Tracker report, published on August 21, 2023.

Clenera LLC, a subsidiary of Israeli renewables developer Enlight Renewable Energy Ltd, announced their 105-MW DC Apex Solar project in Montana is now online. Producing enough energy to cover 13,500 households, it is the first joint project between Clenera and Enlight, financed by Bank of America, NORD/LB, and Huntington National Bank. Clenera is developing more projects in Montana.

US Commerce Department's 17-month probe is set to rule on trade practices related to Chinese-made solar equipment. Sanctions could include antidumping and countervailing duties up to 254% next June, impacting US clean energy growth and job opportunities. Ruling may also affect domestic manufacturers and treatment of silicon wafers used for solar cells and modules.

Leeward Renewable Energy LLC has launched its 100-MW Oak Trail solar project in North Carolina. Discover the PV park near Mayock in Currituck County, financed with a USD 420 million green loan plus a USD-195-million tax equity commitment from Wells Fargo. Plus, the native vegetation and wildflowers pollinator habitat.

NorSun has raised 8.6 million dollars to fuel its growth projects in Europe and the US. Statkraft Ventures, Ardal Energi, Nysno Klimainvesteringer, and more, have subscribed to the capital. NorSun plans to build a 5GW production facility in the US and 3GW expansion in Årdal, Norway, funded in part by the EU Innovation Fund.

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Maxeon Solar Technologies plans to build a 3-GW solar cell and panel factory in Albuquerque, NM, creating 1,800 jobs and increasing the company's total North American solar panel capacity to 4.8 GW. DOE loan and tax credits are eligible for the project.

Energy Vault chooses KORE Power to supply US battery production from 2025, with initial 1.3 GWh capacity increasing to 18 GWh. US Department of Energy offers $850 million loan and Energy Vault makes $15M investment in KORE Power.

Swift Current Energy completes financing on 800-MW Double Black Diamond Solar project to generate power to serve over 100,000 homes in the MISO area. Constellation to buy portion of power and RECs produced. McCarthy Building Companies Inc to serve as EPC contractor.

MCE has just added 1.6 MW of solar energy in California and is partnering with local developers to support its Feed-in Tariff program, creating quality jobs with family-sustaining wages and helping to meet California's 2045 carbon-free energy goal.

Gridmatic has launched a $50m energy storage fund to manage up to 500MW of battery capacity in ERCOT and CAISO markets. With successful first tranche of $24.95m, Gridmatic's AI algorithms will optimise energy storage with up to 46% increase in revenue. Investors can now capitalise on energy market volatility without managing a battery project.

Solar installations to reach historic high in 2023 with 270 GW of new capacity. China to remain leader in panel manufacturing while US sees boom in utility & residential solar. UK to lead in residential solar, Romania in distributed projects. Solar LCOE falling; 330 GW capacity by 2032.