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SunPower has announced that it raised $175 million in capital financing through a second lien term loan from Sol Holding, the company’s majority shareholder and indirect subsidiary of TotalEnergies and Global Infrastructure Partners. 

The term loan includes $45 million previously funded to the company in December and January, $80 million in new investment and a $50 million second tranche available to be borrowed upon the satisfaction of certain conditions.

SunPower also obtained new long-term waivers from its financial partners and entered into an amendment to its revolving debt facility. Together, these actions provide the company with up to $155 million of additional liquidity.

“This transaction demonstrates the strong conviction of our financial partners in the long-term value proposition of residential solar, storage and renewable energy services, as well as SunPower’s ability to deliver operational excellence for our customers,” said Peter Faricy, SunPower CEO. “With this injection of additional liquidity and working capital to our balance sheet, coupled with substantial cost reductions, SunPower is taking positive steps to position itself to succeed in 2024 and beyond.”

The post SunPower Secures Additional Capital, Revolving Debt from Sol Holding appeared first on Solar Industry.

SunPower Secures Additional Capital, Revolving Debt from Sol Holding

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Renewable Energy

What We Love About Old Homes Tells Us About Ourselves

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I subscribe to a social media feed called “I Love Old Homes” because I have an appreciation for the history of architecture, especially that which was built in what is now the United States between the late 17th Century and the 1930s.  At the risk of coming off as weird, I try to picture myself living in some of these places, and some of these daydreams are quite pleasant indeed.

At left, we see something from the “beaux arts movement” in the Gilded Age of the late 19th Century that I find abhorrent.  In its essence, it says that I have disdain for those less fortunate.

You don’t have a fireplace to keep you warm as you walk up one of your many staircases?  What a tragedy.

We live in times when 1.5 billion people can’t get a glass of clean water and you want to live like this?  You don’t care that the planet we live on is becoming more inhospitable with each passing year, as long as you can live in the most extreme upper end of luxury?  There are rooms in your house that you’ve never even stepped in?  Some that you can’t actually find?

Apparently this works for some, but not for me.

What We Love About Old Homes Tells Us About Ourselves

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Renewable Energy

ACORE Statement on Bipartisan American Affordability and Jobs Act Substitute Amendment from President and CEO Ray Long

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ACORE Statement on Bipartisan American Affordability and Jobs Act Substitute Amendment from President and CEO Ray Long

WASHINGTON, D.C. — ACORE supports the Senate negotiators’ agreed-upon Substitute Amendment for the Bipartisan American Affordability and Jobs Act (BAAJA), and we urge swift passage of the bill. 

This Substitute Amendment represents corrections and clarifications that maintain the bill’s goals — to fix our woefully broken permitting system. The Amendment specifically improves the transmission provisions, allowing us to make much-needed upgrades to our grid so we can build more clean energy. 

This bill will help to put downward pressure on energy prices, improve our electricity reliability, and ensure we have enough power to keep the lights on for families and factories. The status quo of high power prices and anticipated energy shortages is unacceptable. This bill will streamline the build-out of our power infrastructure. The time is now.

Let’s get this bill passed and start building.    

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About ACORE  
ACORE is a nonpartisan nonprofit organization that operates at the intersection of affordability, reliability, and clean energy deployment. Our work is focused on stabilizing energy prices, strengthening the electric grid, and driving investment in cost-effective technologies to ensure that clean energy delivers for people, businesses, and the U.S. economy.

ACORE convenes a membership spanning the full clean energy value chain—investors and financiers, developers and EPCs, hyperscalers and energy buyers, manufacturers and advisors. Our members were directly involved in more than 80% of the American clean energy infrastructure projects added to the grid in 2025. We champion all clean energy technologies including transmission, solar, wind, storage, geothermal, hydropower, nuclear, and beyond. ACORE members are the companies investing in and building tomorrow’s electric power system, accelerating infrastructure development, strengthening grid reliability, and enhancing domestic competitiveness.

Media Contacts: 

Tamari Palmer 
Associate, Communications
palmer@acore.org

Chris Higginbotham 
VP, Communications
higginbotham@acore.org  

The post ACORE Statement on Bipartisan American Affordability and Jobs Act Substitute Amendment from President and CEO Ray Long appeared first on ACORE.

https://acore.org/news/acore-statement-on-bipartisan-american-affordability-and-jobs-act-substitute-amendment-from-president-and-ceo-ray-long/

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Renewable Energy

Texas Goes Blue

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A friend from Texas writes: It’s been an interesting week! A lot to reflect on. And Texas seems to be the epicenter.  Folks are pretty flabbergasted over the defeat of all statewide Republican candidates (including state supreme court justices) and the election of a Democratic party-controlled state house.

Yes, Texas blew everyone’s mind.  I think what the GOP experienced was a double-whammy if you will.

Consumer prices are high, due at least in part to Trump’s inane and illegal war in Iran.  This is impacting the lives of working class Americans.

and

I’m pleased to be able to report that many people still have a conscience, which causes them to reject the GOP’s cruelty, dishonesty, dismissal of science, and criminality.

Texas Goes Blue

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