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Founder Group Management Comments on Market Conditions in the U.S. for Solar Power Companies' Stocks
Globenewswire· 2025-06-20 12:30
KUALA LUMPUR, Malaysia, June 20, 2025 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, assures investors that the Company will not be impacted by a U.S. Senate panel’s proposed wind down of solar power tax credits by 2028. “Founder Group operates primarily in Malaysia and doesn’t have operations in the U.S. Therefore, the Compan ...
U.S. Visionaries: 3 Long-Term Investments Forging America's Future
The Motley Fool· 2025-05-21 01:05
It can be taxing trying to keep up with all of the latest developments regarding the imposition of tariffs. From the discussion of tariffs in January after President Donald Trump's inauguration to the April announcement regarding their imposition to recent news that tariffs on goods from China would be reduced, it's been a dizzying few months. But one place where some are turning to maintain their maintain their equilibrium, some are turning to companies committed to manufacturing in America -- visionary co ...
Google inks another massive solar power deal to electrify its data centers
TechCrunch· 2025-05-19 19:20
Core Insights - Google is acquiring an additional 600 megawatts of solar power to support its data centers, focusing on projects in South Carolina developed by EnergyRe [1] - The company has committed to significant investments in renewable energy, including a $20 billion pledge to build zero-carbon power plants and a contract for over 700 megawatts of solar in Oklahoma [2] - Google's goal is to eliminate its carbon footprint from energy by 2030, with the growth of AI increasing the demand for clean energy, leading to a contract for 4 gigawatts of clean power in 2023 [3] Investment Activities - Google is actively investing in renewable energy, with a recent focus on solar power projects [2][3] - The company has made substantial commitments, including a $20 billion investment and multiple contracts for solar energy [2][3] Industry Trends - Other tech companies are also increasing their renewable energy purchases, with Microsoft and Meta making significant solar acquisitions in 2023 [4]
SolarBank Renews Base Shelf Prospectus
Prnewswire· 2025-05-08 23:00
TORONTO, May 8, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announced today that it has filed a final short form base shelf prospectus (the "Shelf Prospectus") with the securities regulatory authorities in each of the provinces of Canada. The Shelf Prospectus replaces the Company's prior final short form base shelf prospectus dated May 2, 2023 which would have expired in June 2025. A corresponding shelf registration statement on Form F-1 ...
Array Technologies: On The Road To Recovery
Seeking Alpha· 2025-05-07 00:06
Company Overview - Array Technologies, Inc. was founded in 1989 and is based in Albuquerque, NM, specializing in solar tracking equipment and technology for the solar power industry, primarily for utility-scale installations [1] Industry Insights - The company provides solar trackers, which are systems that position solar panels to maximize sunlight exposure, thereby enhancing energy production [1] Investment Philosophy - The investment approach emphasizes the slow accumulation of high-quality assets, blending steady investment with high-risk, high-reward opportunities, and transformative technologies [1]
US$100 Million Transformative, Project Financing Announced by SolarBank and CIM Group to Fund 97 MW of Renewable Energy Assets in the United States
Prnewswire· 2025-05-06 11:30
Financing to accelerate SolarBank's growth as an owner of solar power projects in the U.S.TORONTO, May 6, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announced today that CIM Group ("CIM"), a real estate and infrastructure owner, operator, lender and developer, and the Company have entered into a Mandate Letter providing for up to US$100 million in project based financing for a portfolio of 97 MW of solar power projects located in the Un ...
Ellomay Capital Announces the Filing of the Annual Report on Form 20-F for 2024
GlobeNewswire News Room· 2025-04-30 20:30
Core Viewpoint - Ellomay Capital Ltd. has filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the Securities and Exchange Commission, highlighting its focus on renewable energy projects in Europe, the USA, and Israel [1]. Financial Performance - The Annual Report indicates a decrease of approximately €0.6 million in depreciation and amortization costs and a decrease of approximately €0.1 million in tax benefit for the year ended December 31, 2024, compared to the unaudited financial results published on March 31, 2025 [3]. Company Overview - Ellomay Capital Ltd. is an Israeli company listed on the NYSE American and the Tel Aviv Stock Exchange under the symbol "ELLO," focusing on renewable energy and power sectors since 2009 [4]. - The company has invested in various renewable energy projects, including approximately 335.9 MW of operating solar power plants in Spain and 38 MW in Italy [4]. - Ellomay holds a 9.375% indirect interest in Dorad Energy Ltd., which operates one of Israel's largest private power plants with a production capacity of approximately 850 MW [4]. - The company is involved in anaerobic digestion projects in the Netherlands with a combined green gas production capacity of approximately 16.3 million Nm3 per year [4]. - Ellomay is also developing a 156 MW pumped storage hydro power plant in Israel and has solar projects in Italy and Texas with a total capacity of approximately 343 MW [4].
7.2 MW Glor Rd Solar Project in Development by SolarBank in New York
Prnewswire· 2025-04-29 13:00
Core Insights - SolarBank Corporation plans to develop a 7.2 MW DC ground-mount solar power project in upstate New York, expected to power approximately 850 homes, contributing to its expanding development pipeline exceeding one gigawatt [1][7] Project Details - The Glor Rd project will be eligible for the VDER rate compensation mechanism, with an average compensation projected at $0.0971 per kWh in the first year [2] - The project aims to secure incentives under the NY-Sun Program, targeting up to $0.245 per watt DC as a one-time payment to support financing [3] Community Solar Concept - Once operational, the project will function as a community solar initiative, allowing renters and homeowners to save on electricity bills by subscribing to the project without needing to install solar panels on their properties [4] Customer Engagement - Solar Simplified will manage customer-facing activities for the community solar projects, ensuring full project subscription and maximizing revenue from the outset, which aligns with the company's growth strategy [5] Company Overview - SolarBank Corporation focuses on developing renewable energy projects, including solar, Battery Energy Storage Systems (BESS), and EV Charging projects, with a diverse portfolio across North America [7]