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Rapidly Increasing Demand for Solar Energy Booming Creating a Multi-Billion Dollar Market Opportunity

Retrieved on:

Wednesday, September 20, 2023

PALM BEACH, Fla., Sept. 20, 2023 /PRNewswire/ -- - Electricity demand worldwide is growing rapidly because of economic progress and population growth. The rising level of lifestyle and the expansion of infrastructure are driving up demand for power generation. As a result, most countries are building new solar plants or upgrading old ones to fulfil the rising demand. This is projected to augment demand for ground-mounted solar, propelling the market forward even faster. In the future electricity generation through solar energy will increase, which will boost the need for new facilities related to solar energy projects, this will create an opportunity for the ground mounted solar market. A report from Industry ARC projects that the global ground mounted solar market size is forecast to reach $9.65 billion by 2027, growing at a CAGR of 9.56% during 2022-2027. The report said: "The solar panels mounted on the ground are a fixed tilt solar system that can be readily installed in a big yard or field. Furthermore, the panels are identical to pole-mounted solar panels, except that they are placed directly on the ground rather than being elevated on poles. Materials such as crystalline silicon, metals, and more are widely utilized in ground-mounted solar panels because these materials have higher efficiencies, which make them ideal for ground-mounted solar application. A solar panel system equipped with a single-axis solar tracker witness a performance gain from 10% to 30%. Apart from this, ground mounted solar market is primarily driven by the growth of the utility industry. Also, the growth from the commercial sector for ground-mounted solar is further boosting the demand for ground-mounted solar, thereby, propelling the ground mounted solar industry growth during the forecast period (2027). Active Companies from around the markets with current developments this week include: SolarBank Corporation (OTCQX: SUUNF) (CSE: SUNN), Tesla, Inc. (NASDAQ:TSLA), Altus Power, Inc., (NYSE: AMPS), Sunrun (NASDAQ: RUN), NextEra Energy, Inc. (NYSE: NEE).

Key Points:

In the future electricity generation through solar energy will increase, which will boost the need for new facilities related to solar energy projects, this will create an opportunity for the ground mounted solar market.
A solar panel system equipped with a single-axis solar tracker witness a performance gain from 10% to 30%.
Also, the growth from the commercial sector for ground-mounted solar is further boosting the demand for ground-mounted solar, thereby, propelling the ground mounted solar industry growth during the forecast period (2027).
Thus, due to these factors, the demand for crystalline silicon is increasing for the application of ground mounted solar, benefiting the ground mounted solar market growth."

Rapidly Increasing Demand for Solar Energy Booming Creating a Multi-Billion Dollar Market Opportunity

Retrieved on:

Wednesday, September 20, 2023

PALM BEACH, Fla., Sept. 20, 2023 /PRNewswire/ -- - Electricity demand worldwide is growing rapidly because of economic progress and population growth. The rising level of lifestyle and the expansion of infrastructure are driving up demand for power generation. As a result, most countries are building new solar plants or upgrading old ones to fulfil the rising demand. This is projected to augment demand for ground-mounted solar, propelling the market forward even faster. In the future electricity generation through solar energy will increase, which will boost the need for new facilities related to solar energy projects, this will create an opportunity for the ground mounted solar market. A report from Industry ARC projects that the global ground mounted solar market size is forecast to reach $9.65 billion by 2027, growing at a CAGR of 9.56% during 2022-2027. The report said: "The solar panels mounted on the ground are a fixed tilt solar system that can be readily installed in a big yard or field. Furthermore, the panels are identical to pole-mounted solar panels, except that they are placed directly on the ground rather than being elevated on poles. Materials such as crystalline silicon, metals, and more are widely utilized in ground-mounted solar panels because these materials have higher efficiencies, which make them ideal for ground-mounted solar application. A solar panel system equipped with a single-axis solar tracker witness a performance gain from 10% to 30%. Apart from this, ground mounted solar market is primarily driven by the growth of the utility industry. Also, the growth from the commercial sector for ground-mounted solar is further boosting the demand for ground-mounted solar, thereby, propelling the ground mounted solar industry growth during the forecast period (2027). Active Companies from around the markets with current developments this week include: SolarBank Corporation (OTCQX: SUUNF) (CSE: SUNN), Tesla, Inc. (NASDAQ:TSLA), Altus Power, Inc., (NYSE: AMPS), Sunrun (NASDAQ: RUN), NextEra Energy, Inc. (NYSE: NEE).

Key Points:

In the future electricity generation through solar energy will increase, which will boost the need for new facilities related to solar energy projects, this will create an opportunity for the ground mounted solar market.
A solar panel system equipped with a single-axis solar tracker witness a performance gain from 10% to 30%.
Also, the growth from the commercial sector for ground-mounted solar is further boosting the demand for ground-mounted solar, thereby, propelling the ground mounted solar industry growth during the forecast period (2027).
Thus, due to these factors, the demand for crystalline silicon is increasing for the application of ground mounted solar, benefiting the ground mounted solar market growth."

Climate Tech Veterans Launch Climate Resilience Venture

Retrieved on:

Thursday, September 14, 2023

Moody's Corporation, World Economic Forum, Wildfire, Global Call to Action Against Poverty, Four Twenty Seven, Entrepreneurship, Flood, Investment, Government, Ecosystem, NYSERDA, Renewable energy, Cryptocurrency, Headwind and tailwind

NEW YORK, Sept. 14, 2023 /PRNewswire/ -- Climate tech veterans Katie MacDonald and Emilie Mazzacurati announced the creation of Tailwind (www.tailwindclimate.com), an innovation studio focused on accelerating the deployment of adaptation and resilience solutions.

Key Points:

NEW YORK, Sept. 14, 2023 /PRNewswire/ -- Climate tech veterans Katie MacDonald and Emilie Mazzacurati announced the creation of Tailwind ( www.tailwindclimate.com ), an innovation studio focused on accelerating the deployment of adaptation and resilience solutions.
Adaptation and resilience solutions are products and services that predict, prevent, mitigate and enable recovery from climate impacts like floods, heatwaves, storms, and wildfires.
Globally, adaptation finance makes up less than 10% of climate finance flows1, with an estimated market opportunity of over $1.8 trillion by 20302.
"Our goal is to grow an ecosystem for adaptation and resilience tech startups that emulates what we've seen for decarbonization technologies," said Katie MacDonald, Co-Founder.

SHARC Energy Featured in NYSERDA’s Empire Building Challenge Project

Retrieved on:

Tuesday, September 12, 2023

( CSE: SHRC ) ( FSE: IWIA ) ( OTCQB: INTWF ) ("SHARC Energy" or the “Company”) is pleased to announce that it has received a purchase order for a SHARC Wastewater Energy Transfer (“WET”) system for the Whitney Young Manor recapitalization project in Yonkers, New York.

Key Points:

( CSE: SHRC ) ( FSE: IWIA ) ( OTCQB: INTWF ) ("SHARC Energy" or the “Company”) is pleased to announce that it has received a purchase order for a SHARC Wastewater Energy Transfer (“WET”) system for the Whitney Young Manor recapitalization project in Yonkers, New York.
This project, spearheaded by Nuveen , is a successful project moving forward under the New York State Energy Research & Development Authority’s (“NYSERDA”) Empire Building Challenge .
SHARC Energy and its New York representative HIGHMARK are proud to be supporting this project, as it serves as an example of Energy and Climate Equity investment into historically underserved and marginalized communities.
Whitney Young Manor is a significant project in New York's sustainable urban development landscape and is supported by NYSERDA’s Empire Building Challenge.

Uptake Alliance, a New Venture Development Program, Debuts to Commercialize and Scale Climate Tech

Retrieved on:

Thursday, September 7, 2023

Mentorship, Climate Leadership and Community Protection Act, Development, Climate, New York State Energy Research and Development Authority, NYSERDA, Transport, Environment, Climate Leadership Council, Renewable energy

NEW YORK, Sept. 7, 2023 /PRNewswire/ -- Today, Uptake Alliance, a new venture development program to commercialize and scale innovative climate solutions in New York State, is now accepting applications from entrepreneurs and startups. The program creates the market conditions for frontier climate tech companies to thrive with the latest industry connections and partnerships while helping them secure non-dilutive funding and the private capital necessary to deploy clean energy and clean transportation technologies, reduce greenhouse gas emissions, and increase energy efficiency. Accepted startups will engage with corporate partners to help meet their customer needs and provide market-ready climate solutions.

Key Points:

NEW YORK, Sept. 7, 2023 /PRNewswire/ -- Today, Uptake Alliance , a new venture development program to commercialize and scale innovative climate solutions in New York State, is now accepting applications from entrepreneurs and startups.
Accepted startups will engage with corporate partners to help meet their customer needs and provide market-ready climate solutions.
"Uptake Alliance exists to ensure the adoption of market-ready climate technologies," said Chris Richardson, Executive Director of Uptake Alliance and Partner at ADL Ventures.
Uptake is a single concept that powerfully captures our dual focus on delivering financial performance and climate impact."

KBRA Assigns Ratings to New York State Energy Research and Development Authority Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds, Series 2023A

Retrieved on:

Wednesday, August 30, 2023

Banking, Professional Services, Finance, KBRA, Issuer, Development, Article, Title IX, NYSERDA, ABS, Bankruptcy Code, Authority, Security (finance), Telescopic sight

KBRA assigns preliminary ratings to a term bond issued by New York State Energy Research and Development Authority Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds, Series 2023A (“NYSERDA 2023A”), a consumer solar loan and home improvement loan ABS transaction.

Key Points:

KBRA assigns preliminary ratings to a term bond issued by New York State Energy Research and Development Authority Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds, Series 2023A (“NYSERDA 2023A”), a consumer solar loan and home improvement loan ABS transaction.
The serial bonds have maturity dates ranging from 2024 through 2032 and the term bonds mature in 2038.
The transaction is structured with all bonds supported by overall enhancement of 44.38% (overcollateralization plus amounts deposited into the reserve account).
This transaction represents New York State Energy Research and Development Authority’s (“NYSERDA” or the “Authority”) first term ABS securitization of 2023 and fifth KBRA-rated securitization.

Avangrid Pilots New Technology to Increase Grid Capacity in New York to Accelerate Renewable Energy Adoption

Retrieved on:

Wednesday, August 30, 2023

This critical data and visibility could aid in linking more renewable energy resources into New York’s electrical grid and supporting the state’s clean energy goals.

Key Points:

This critical data and visibility could aid in linking more renewable energy resources into New York’s electrical grid and supporting the state’s clean energy goals.
View the full release here: https://www.businesswire.com/news/home/20230830693817/en/
The amount of energy that electric transmission lines can safely carry is variable.
This results in more informed grid operations and increased carrying capacity of the transmission lines without needing to make any large grid upgrades.
Our technology has helped our utility customers identify between 25-40% additional capacity on existing lines which helps accelerate a transition to renewables.

Boralex increases its net earnings and combined results by actively pursuing its growth strategy in the second quarter of 2023

Retrieved on:

Monday, August 14, 2023

Pressure, Electricity, BLX, Wind, EBITDA, Acquisition, TSX, Growth, Weather, Combined, Consolidated, NYSERDA, Farm, Bookkeeping, Cryptocurrency, Beauty salon, Renewable energy, Boralex

MONTREAL, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to report the addition of new projects to its portfolio and significant progress made on certain development projects in the second quarter of 2023.

Key Points:

Operating income of $38 million ($57 million) in Q2-2023, down $7 million (up $4 million) from Q2-2022.
EBITDA(A)2 of $119 million ($143 million on a Combined basis)3 in Q2-2023, down $2 million (up $10 million) from Q2-2022.
These elements more than offset the pressure on results due to unfavorable weather conditions in North America at the end of the quarter.
Figures in brackets indicate results on a Combined basis as opposed to those on a Consolidated basis.

7 New Solar Projects to Produce $2.5 Million in Annual Electric Bill Credits

Retrieved on:

Wednesday, August 16, 2023

Electricity, State, NYSERDA, Community, National Grid, NYS, Renewable energy

WILLIAMSVILLE, N.Y., Aug. 16, 2023 /PRNewswire/ -- Electric customers in New York can expect their electric bills to be lower, thanks to savings in the form of bill credits from new community solar projects.

Key Points:

WILLIAMSVILLE, N.Y., Aug. 16, 2023 /PRNewswire/ -- Electric customers in New York can expect their electric bills to be lower, thanks to savings in the form of bill credits from new community solar projects.
EnergyMark, an independent energy supplier based in Williamsville, announced a new $70 million development that is expected to produce $2.5 million annually in bill credits for their NYS electric customers for the next 10 years.
This initiative builds on EnergyMark's existing deal inked last June to distribute another $175 million in solar credits over 25 years with the nation's largest renewable energy developer.
Community solar is a state-sponsored NYSERDA program which requires solar projects to share a percentage of their revenue with customers in the form of credits.

CleanCapital Accelerates Community Solar in New York with 26 MW Acquisition

Retrieved on:

Tuesday, August 15, 2023

New York (state), Upstate New York, Electricity, EPC, LMI, Energy, IRA, EDF Renewables, Inflation, Acquisition, National Grid, Engineering, Inflation Reduction Act of 2022, NYSERDA, Renewable energy

NEW YORK, Aug. 15, 2023 /PRNewswire-PRWeb/ -- CleanCapital, a diversified clean energy company focused on middle-market solar and storage, today announced it has closed on a portfolio of new construction community solar assets from EDF Renewables in Upstate New York. The portfolio includes three 6.7-megawatt (MW) projects—all of which are expected to complete construction this month—along with a 6.4 MW project on a former landfill that will commence construction later this year. Once in operation, the solar sites will deliver low-cost, renewable electricity to the communities of Herkimer, St. Lawrence, and Oneida Counties. In addition to developing the projects, EDF Renewables is also serving as the engineering, procurement, and construction (EPC) contractor for the projects on behalf of CleanCapital.

Key Points:

NEW YORK, Aug. 15, 2023 /PRNewswire-PRWeb/ -- CleanCapital , a diversified clean energy company focused on middle-market solar and storage, today announced it has closed on a portfolio of new construction community solar assets from EDF Renewables in Upstate New York.
"The State of New York is at an acceleration point in its community solar programs and is fast approaching its goal of 6 GW of solar by 2025," stated Julia Bell, Chief Commercial Officer at CleanCapital.
"We are thrilled to contribute to the expansion of community solar in New York," said Rod Viens, Vice President & General Manager, Distribution-Scale Power at EDF Renewables.
"This acquisition continues our collaboration with CleanCapital, which began in 2021 with the acquisition of EDF Renewables' Massachusetts solar assets.