Latest news with #solar
Wall Street Journal
2 hours ago
- Business
- Wall Street Journal
More U.N. Climate Nonsense
Backers of inefficient and unreliable energy production used to say that wind and solar breakthroughs were just around the corner. But one can use this argument to secure government subsidies for only so many decades before taxpayers start asking why they have to support an infant industry that's older than they are. These days it's become more common for environmentalists to assert that the future has arrived and alternative energy is now dirt cheap. This ought to make it even harder to explain why government support should continue, but it also may create the misimpression that the massively expensive wind and solar experiment is finally working. Secretary-General of the United Nations António Guterres went even further in a Tuesday speech, claiming that fossil fuels are much more heavily subsidized than his beloved alternative energy projects and suggesting that wind and solar are the clear marketplace winners:
Associated Press
3 hours ago
- Health
- Associated Press
Cancer Bridges and Green Mountain Energy Sun Club 'Flip the Switch' on Solar, Thanks to a $116,000 Sustainability Grant
PITTSBURGH, July 23, 2025 /3BL/ - Green Mountain Energy Sun Club® and Cancer Bridges came together to officially 'Flip the Switch' on a 46kW solar array system at Cancer Bridges headquarters in Pittsburgh. The array was made possible through a $116,000 sustainability grant from Green Mountain Energy Sun Club. The organization will save approximately $6,000 in the first year of production, with an estimated 60% of the building's needs powered by solar. Green Mountain Energy Sun Club has been empowering local communities with sustainable solutions since 2002. Through nonprofit partnerships and sustainability grants, the organization supports projects promoting renewable energy, energy efficiency, resource conservation and environmental stewardship. Sun Club is funded by Green Mountain Energy, its customers and its employees. 'The goal of our Green Mountain Energy Sun Club grants is to promote sustainability in the community while at the same time supporting important causes. We also recognize that nonprofit organizations understand the needs of their communities and the best ways to meet them better than anyone,' said Andrea Ortega-Toledano, senior director of sustainability, Green Mountain Energy. 'We're honored to collaborate with Cancer Bridges to support these renewable energy solutions so they can continue providing much-needed resources and support for the cancer community in Western Pennsylvania.' Since its doors opened, Cancer Bridges has welcomed over 16,500 members and offers nearly 200 free monthly programs and services, including short-term supportive counseling, support groups, education, creative expressions workshops, health and wellness classes, social gatherings, and family and youth programs. A 2016 study showed that Pennsylvania had the third highest cancer incidence rate and the 16th highest cancer death rate in the nation. In a 2020 Pennsylvania Department publication, it was advised that one in two Allegheny County residents will receive a cancer diagnosis in their lifetime. The need for cancer support in Western Pennsylvania has never been more evident. 'We're incredibly grateful to the Green Mountain Energy Sun Club for making this project possible,' said Stephania Ciranni, executive director, Cancer Bridges. 'By reducing our utility costs through solar energy, we can direct more resources toward the heart of our mission—offering free programs and emotional support to individuals and families impacted by cancer. This investment not only helps us serve more members, but also contributes to a cleaner, healthier environment for our community.' Current solar energy savings are equivalent to supporting an additional 1,500 individuals seeking emotional, social, health and wellness support on their cancer journey over the lifetime of the array. To learn more about Cancer Bridges, visit For more on Green Mountain Energy Sun Club®, visit ### About Green Mountain Energy Sun Club® Green Mountain Energy's mission is to inspire hope and motivate action through the use of clean energy, and to advance sustainable communities through the work of Green Mountain Energy Sun Club. Since its founding in 2002, Sun Club® has donated more than $15 million for 174 projects across Texas and the Northeast. Sun Club collaborates with nonprofit organizations on projects that focus on renewable energy, energy efficiency, resource conservation, and environmental stewardship. To learn more about Green Mountain Energy and Sun Club or to apply for a Sun Club grant, visit Media Contact: Jeanie Davey Green Mountain Energy [email protected] 445-544-1670 Visit 3BL Media to see more multimedia and stories from Green Mountain Energy
Associated Press
3 hours ago
- Business
- Associated Press
Solar Landscape Named No. 1 National Rooftop Commercial Solar Developer by Solar Power World
ASBURY PARK, N.J.--(BUSINESS WIRE)--Jul 23, 2025-- Commercial real estate owners are increasingly turning to solar to increase net operating income and unlock new value from underutilized rooftop space. In today's crowded solar marketplace, choosing the right partner is critical. Solar Power World has named Solar Landscape the No. 1 National Rooftop Commercial Solar Developer on its 2025 Top Solar Contractors List. This award validates what commercial real estate leaders already know: Solar Landscape delivers proven results at scale. 'This recognition isn't just about square footage or megawatts. It's about trust, execution, and long-term partnerships,' said Shaun Keegan, Co-Founder and CEO of Solar Landscape. 'We lease rooftop space from commercial property owners, make the investment in solar ourselves, and manage every aspect of the project. Our partners get guaranteed revenue with zero capex, and we handle the rest.' Founded in 2012, Solar Landscape pioneered the commercial rooftop solar model, evolving from a construction company into the nation's largest developer, builder, owner, and operator of rooftop solar. Today, the company partners with more than 100 commercial real estate landlords, serving as a reliable, relationship-driven partner that takes care of both the roof and the long-term value it generates. As the solar industry adapts to regulatory shifts and federal incentive uncertainty, Solar Landscape's national leadership offers commercial real estate owners a clear model for success: partnering with a proven rooftop solar developer to generate new, reliable revenue—without upfront investment. Founded by construction professionals, Solar Landscape is a vertically integrated company that develops, builds, owns, and operates solar projects nationwide. The company was named the #1 National Commercial Rooftop Solar Developer by Solar Power World in 2025, recognized as the #1 Distributed Generation Developer by New Project Media, and awarded the U.S. Department of Energy's Grand Prize for clean energy. Headquartered in Asbury Park, New Jersey, Solar Landscape has offices in New York City, Chicago, Boston, and Baltimore, and operates in over a dozen states nationwide. View source version on Natalie Passerini, Solar Landscape, [email protected] KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE UTILITIES CONSTRUCTION & PROPERTY ENVIRONMENT ALTERNATIVE ENERGY ENERGY BUILDING SYSTEMS GREEN TECHNOLOGY SOURCE: Solar Landscape Copyright Business Wire 2025. PUB: 07/23/2025 02:36 PM/DISC: 07/23/2025 02:36 PM
Bloomberg
6 hours ago
- Business
- Bloomberg
Zelestra Plans to Invest $1 Billion in Renewable Energy in Peru
Spain's Zelestra is planning to significantly increase its investment in renewable energy generation in Peru over the next five years, partly thanks to a new legal framework. The company is planning investments of more than $1 billion, with a view of increasing its renewable output in the Andean nation to about 1 gigawatt. Spending would boost solar capacity and may include an incursion into wind.
Yahoo
8 hours ago
- Business
- Yahoo
Enphase: No Recharge in Sight
Key Points Enphase topped expectations and posted 60% adjusted earnings-per-share growth, but the company continues to be weighed down by factors beyond its control. With tariffs uncertain and subsidies scheduled to go away, the future remains as murky as ever. Enphase is still well positioned for growth, assuming solar recovers, but investors should be aware that there is little reason to believe a near-term catalyst will emerge. 10 stocks we like better than Enphase Energy › Here's our initial take on Enphase Energy's (NASDAQ: ENPH) financial report. Key Metrics Metric Q2 2024 Q2 2025 Change vs. Expectations Revenue $303.5 million $363.2 million 20% Beat Adjusted EPS $0.43 $0.69 60% Beat Adjusted gross margin 47.1% 48.6% 15 bp n/a Free cash flow $117.4 million $18.4 million -84% n/a EPS = earnings per share. Enphase Treads Water in Tough Environment Enphase Energy is closely tied to the emerging solar industry, and current events, ranging from tariffs to disappearing subsidies, have put the entire sector in the doldrums. The company's latest quarter shows management is doing what it can, but it leaves little hope for a quick turnaround. Enphase grew revenue by 20% and adjusted earnings per share by 60%, beating expectations. And adjusted gross margin ticked up slightly. Much of the growth came from outside the United States, with European revenue up 11% sequentially. The results include adjustments related to the benefits of the Inflation Reduction Act (IRA), which provided subsidies for solar installations. Backing out those adjustments, gross margin fell to 37.2% from 38.3%. The reciprocal tariffs also had a negative impact, which the company estimated at about 2 percentage points of margin. Enphase continues to be cash positive, though less so than when times were better. The company ended the quarter with more than $1.5 billion in cash and equivalents on hand to help ride out the storm. Immediate Market Reaction The results were solid, but the outlook remains dim. Enphase stock, already down almost 40% year to date, fell another 3% in after-market trading following the release of the numbers but ahead of the call with investors. What to Watch Enphase is forecasting revenue of between $330 million and $370 million for the current quarter and a gross margin of 41% to 44% when factoring in the IRA benefits. That's below Wall Street's consensus estimates, and with much of the IRA scheduled to be phased out, the journey is likely only to get harder from here. Assuming solar energy has a big role to play in the world's shift away from carbon-based energy sources, Enphase remains well positioned to benefit from that transition. But that future looks much further out than it did a few years ago, and with tariffs still unresolved, the odds of clarity in the quarter to come are low. Enphase remains intriguing for long-term holders, but investors are likely to have their patience further strained as we wait for a catalyst to emerge. Helpful Resources Full earnings report Investor relations page Additional coverage Should you buy stock in Enphase Energy right now? Before you buy stock in Enphase Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Enphase Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $641,800!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,023,813!* Now, it's worth noting Stock Advisor's total average return is 1,034% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Lou Whiteman has positions in Enphase Energy. The Motley Fool recommends Enphase Energy. The Motley Fool has a disclosure policy. Enphase: No Recharge in Sight was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
