North America Solar PV News Snippets: SOLV Energy’s Successful Nasdaq Listing & More

SOLV goes public: Clean energy EPC and O&M service provider SOLV Energy has made its debut as a publicly listed company on the Nasdaq, under ticker symbol MWH. The company launched its initial public offering (IPO) at $25.00 per share, offering 20.5 million shares of its Class A common stock to raise $512.5 million. Underwriters have a 30-day option to purchase up to an additional 3.1 million shares at the IPO price, minus discounts and commissions. According to Reuters, SOLV’s shares opened at $30.00/share on its debut, giving it a valuation of $5.98 billion. Improved pricing conditions, strong equity markets, and the US Federal Reserve’s rate cut toward the end of 2025 helped the company. It says the company had a backlog of about $8 billion as of December 2025.  

$440 million for Cider Solar: Greenbacker Renewable Energy Company has closed a $440 million tax equity commitment from the U.S. Bank and M&T Bank for the Cider Solar Project. The utility-scale solar project in Genesee County, New York, will have 674 MW DC/500 MW AC capacity. It is scheduled to come online in late 2026. On completion, it is expected to be the largest solar project in New York State, stated Greenbacker. The tax equity commitment supports the utilization of Investment Tax Credits (ITC) and aligns with industry best practices for renewable energy financing, it added.

Strategic partnership: Hanwha Renewables has joined hands with global renewables investment platform Chrysalis Renewables LP to accelerate the deployment of construction-ready and operational renewable energy projects. Chrysalis will acquire such projects from Hanwha under a repeatable M&A framework, initially targeting over 3.5 GW of solar and battery energy storage systems (BESS) in North America. The partnership could potentially expand to Japan, Australia, and Italy over time.

CAD 200 million for solar project: Green Sustainable Infrastructure (GSI) has closed over CAD 200 million in construction to term and ITC bridge financing for the 129 MW DC/100 MW AC Turning Sun Solar Project in Canada’s Saskatchewan. Counsel to GSI, Miller Thomson Law Firm, said the project is located in the traditional territory of the Ocean Man Nakoda and Rural Municipality of Estevan, Saskatchewan. GSI is developing the project in partnership with the Ocean Man First Nation. SaskPower is the offtaker for power to be generated by the project under a 25-year contract.