SVB Collapse Is Bad News For Small Scale Solar

The sudden collapse of Silicon Valley Bank has sent shockwaves through the entire financial sector and marked the biggest bank failure since the 2008 financial crisis. Being the only publicly traded bank focused on Silicon Valley and startups for four decades, the swift collapse has particularly rattled the venture capital community and left climate tech startups in a crisis.  SVB was popular in the renewables world for its crucial role in supporting small-scale projects, including community solar projects which other institutions shunned…