New Fintech In Solar. Today’s top story is a great one, it signifies another leap in the maturity of the solar market. CommonBond, a leading fintech company in consumer lending, is coming into solar and bringing their technology prowess to solar installers. Having a diversified lending platform leveraging their existing investments pays off for installers because of their knowledge on how to get deals done quickly and efficiently, resulting in more volume and margins for installers. SolarWakeup is happy to play a role in connecting this opportunity for the solar community, you can check them out on their launch site here.
Nextracker To Spin Off. Almost a year ago, right here on SolarWakeup we told you that Nextracker should look at the strategic opportunity to become a standalone public company. With a new investment from a major private equity firm, Dan Shugar and his team will do just that. Put me into the unsurprised column, though the public market timing isn’t fantastic at the moment which means they may hold off for a better time in the market.
- Solar Power World: Loan company CommonBond now offering solar financing options
- Seeking Alpha: Flex to sell $500M of convertible preferred equity in Nextracker to TPG Rise Climate
- PV-Magazine: Distributed solar and storage owners face one more hurdle before participating in wholesale markets
- Energy Storage News: CAISO drafts 20-year plan to get California on-track for 100% renewables
- Canary Media: The Texas energy system faces a winter reckoning — again
- Axios: Taking stock of the global electric vehicle race
Opinion
Best, Yann