us solar investment

Japanese electronics company TDK Company’s subsidiary TDK Ventures has launched a US$150 million fund to invest in energy and climate technology startups.

Solar projects accounted for 56.5% of the total utility-scale clean energy investments from 16 August 2022 to 31 March 2023.

One of these projects, with a DC capacity of about 13MW, is expected to achieve ready to build status within six months.

US residential solar installer Sunnova lost US$20.9 million in Q4 2022, while its net loss attributable to shareholders in 2022 amounted to US$161.6 million last year, according to its latest financial results announcement.

Solar equipment manufacturer Linton Crystal Technologies has made an initial investment of US$10 million to build a solar manufacturing equipment facility in the US.

US developer, owner and asset manager Longroad Energy has secured a US$500 million equity investment to support its business model shift from a “develop to sale” strategy to the ownership of renewable projects in the US.

Investment firm General Capital has invested US$500 million in developer Pine Gate, which will support its utility-scale solar expansion.

US developer, owner and asset manager Longroad Energy has made an equity investment in developer of distributed generation Valta Energy.

Israeli developer Solegreen has invested US$104 million in solar installer Kuubix to help it pursue an "aggressive" expansion strategy across its core markets in the US.

The US’ fleet of solar and wind generation capacity is set to almost triple over the next decade, but even this is not enough to meet President Biden’s ambitious decarbonisation targets, according to a recent BloombergNEF report.