Goldman Sachs Alternatives Invests $440 Million in BrightNight to Bolster Renewable Power;First Solar Reports Robust Q2 2024 Results and More...

BrightNight , a prominent player in the renewable power sector, has secured a $440 million strategic investment from Goldman Sachs Alternatives’ Infrastructure business. This infusion of capital is poised to fully fund BrightNight’s five-year business plan and support its ambitious 31-gigawatt renewable power project portfolio, which is enhanced by the company’s proprietary AI software platform, PowerAlpha?.

First Solar, Inc. has released its financial results for the second quarter. The company reported net sales of $1.0 billion for the quarter, marking an increase of $0.2 billion from the previous quarter. This growth was driven by higher sales volumes and an increase in the average selling price per watt of its solar modules.

Flint Hills Resources will build second company-owned solar installation to help power its U.S. refinery operations. The new solar installation will supply electricity to the Corpus Christi West refinery, which produces jet fuel, ultra-low sulfur diesel, gasoline, and chemical-building blocks for numerous everyday products.

RWE has appointed Kevin Kroll as Chief Operating Officer (COO) of its U.S. renewables business, RWE Clean Energy, LLC, effective August 1. Under the leadership of Andrew Flanagan, CEO of RWE Clean Energy, Kroll will join the Executive Leadership Team, which also includes Chief Financial Officer (CFO) Ingmar Ritzenhofen and Chief Commercial Officer (CCO) Christoph Hunfeld.

Aspen Power, a leading distributed generation platform dedicated to building the clean energy future, has completed six solar projects totaling 25.5 megawatts (MW) direct current (dc) of generation capacity in Pennsylvania. The projects are expected to produce up to 37 million kilowatt-hours electricity in their first year of operation.