silicon valley bank

The money raised will support the development of the company’s C&I portfolio of more than 200 projects across the US.

As 2023 comes to an end, PV Tech is reviewing the year in solar, reflecting on some of the biggest stories and trends of the last 12 months.

Dimension has announced the closing of a US$237 million financing, which will support a 120MWdc distributed generation portfolio.

US renewables developer Pivot Energy has closed a US$203 million financing facility to fund 100MW of distributed solar PV projects across numerous states.

Last week’s collapse of Silicon Valley Bank (SVB) has brought doubts in terms of capital financing for the renewable industry with a big impact on the community solar market as the entity had financed up to 62% of the US community market.