Tag: financing
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IRA solar tax credit transfers explained for companies with low (or no) tax liability
This explainer was contributed by Laura Jones and Jason R. Eisenberg with Hunton Andrews Kurth LLP in Richmond, Va. The Inflation Reduction Act (IRA) significantly altered the landscape for the transferability of energy tax credits. The IRA added Section 6418 to the Internal Revenue Code, which permits eligible taxpayers (transferors) to transfer (sell) certain renewable……
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Plus Power raises $1.8 billion for standalone storage buildout | Solar Financing Spotlight
Plus Power has secured $1.8 billion in new financing for standalone battery storage, including the largest single such project financing to date, to help stabilize the U.S. electrical grid while incorporating more solar and wind energy. Read more about this and other financing news in our Solar Financing Spotlight. Plus Power’s major funding announcement includes……
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Multifamily solar projects in Connecticut benefit from definition update
Thanks to a tweak in the definition of a “residential customer” as it relates to solar energy generation (via Public Act No. 21-48), residents of multifamily properties in Connecticut can now benefit more from solar energy. Connecticut Green Bank alerted us to this news and noted that it plans to expand its Solar Marketplace Assistance……
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Haven Energy launches virtual power plant in California for any home battery owner
Virtual power plants (VPPs) are hugely important for California’s grid — and can be super valuable for home solar + storage customers — in the wake of NEM 3.0 rate changes. Problem is, many people still have no idea what the heck a VPP is, or how to enroll. In July 2023, Haven Energy commissioned……
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Perch Energy raises $30M from Nuveen to accelerate community solar growth
Perch Energy has secured a $30 million investment from real estate investment management firm Nuveen. This Series B growth investment will support the continued development of Perch’s leading clean energy technology platform, fund expansion into new sales channels, products and community solar markets, scale operations and customer care services, grow management talent and fund strategic……