Vivint’s $325 million credit facility, SC regulators nix Pegasus contract: pvMB 08/08/19


South Carolina regulators nix contract with not-so-independent consultant – Five days after the story broke that the South Carolina Public Service Commission had retained a consultant with deep ties to utilities Duke and SCANA as well as the Edison Electric Institute (our coverage here), the Commission has cancelled Pegasus Global’s contract. Commissioners claim that Pegasus withheld information from them during the screening process. Source: Post and Courier 


Vivint Solar secures $325 million credit facility –  “Vivint Solar, Inc. today announced it has closed a $325 million revolving warehouse facility, which refinanced the aggregation credit facility that was set to mature in 2020. The new warehouse reduces the cost of debt by 87.5 basis points and materially increases the amount of upfront proceeds as a percentage of future contractual cash flows. Five lenders are involved in the deal, which includes an accordion feature that provides the ability for VSLR to upsize the facility to $400 million.” Source: Vivint Solar


EDP secures big solar + storage contract with San José’s CCA – Today EDP Renewables announced that it has signed a contract with community choice aggregator San José Clean Energy to deliver 100 MW of solar power and services from 10 MW of battery storage at its Sonrisa Solar Park. Sonrisa already holds other contracts, and its final size will be 200 MW of solar and 40 MW of batteries. With this contract, EDPR estimates that it has secured1.8 GW of contracts for U.S. projects to be installed through 2022. Source: EDPR


SolarPowerRocks signs up with – Home solar education website has announced they will be adding the solar panel calculator. For some time, homeowners using Solar Power Rocks (SPR) have wanted to estimate the solar savings potential of their homes but SPR was reluctant to offer tools that might produce inaccurate results.” Source: prnewswire/


Dominion announces battery projects – “Dominion Energy Virginia announced four battery storage pilot projects to help pave the way for additional energy storage technology needed to support the company’s increase in renewables and to improve grid reliability. The four utility-scale battery storage pilot projects totaling 16 megawatts are the largest projects of their kind in Virginia. The projects were filed with the State Corporation Commission (SCC) for approval Friday and are enabled by the Grid Transformation & Security Act of 2018, which allows Dominion Energy to invest in up to 30 megawatts of battery storage pilot projects.” Source: Dominion Energy


Utility Workers Union, Power for America launch renewable energy apprenticeship program – The Power for America Training Trust Fund (P4A) and Utility Workers Union of America (UWUA), AFL-CIO announced a new union apprenticeship program to provide skills training and a path to employment for in-demand jobs in the renewable energy sector. The Department of Labor (DOL)-certified, program provides individuals with specialized skills to remain at the forefront of the offshore and onshore wind, solar generation and battery storage fields.” Our take: As solar scales, we’re going to need a lot more of this kind of workforce training, and it is good to see a utility union getting on board – Source: Solar Builder


Mosaic/SunTrust solar financing partnership – Mosaic, a leading provider of affordable solar financing solutions for homeowners, announced today a new strategic loan origination partnership with SunTrust Bank that will accelerate the growth of the installation of solar energy systems, batteries and related clean energy solutions for homeowners across the United States.” Our take: These sorts of announcements are so much more meaningful when they have dollar amounts associated with them, aren’t they? Source: prnewswire/Mosaic


Clearview Energy partners with the Yankees – Competitive green energy electricity supplier Clearview Energy has announced a new branding partnership with the New York Yankees. Through the deal Clearview gets “logo-usage, on-site branding, game tickets and contests to win unique experiences for their new customers.” Source: prnewswire/Clearview Energy


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