“Solar loans have proven to be a resilient asset class through these turbulent times.”
Instead of going to the ABS market, Vivint topped up a multi-lender revolving warehouse facility by $245 million. The debt transactions might signal a degree of lender confidence in the asset class and in Vivint during an unprecedented quarter.
Recently approved solar PPAs could spell trouble for proponents of retrofitting the state’s San Juan Generating Station to capture the coal-fired plant’s carbon dioxide emissions.
New research models that the price of solar will continue to drop faster than previous predictions. This would mean that building new solar would be routinely cheaper than operating already-built fossil fuel plants, even in today’s world of ultra-cheap natural gas.
Significant spikes in air conditioner usage during the first hot days of Austin Texas’ stay-at-home orders have signaled that this upcoming summer may be one where electric demand meets record, worrisome, levels.
“We’ve taken how the industry would have evolved – probably in two years – and we’ve done it in a month.” — Lynn Jurich, CEO of Sunrun
Solar developers, including First Solar, believe that a direct cash payments solution could keep solar projects on track and help developers monetize the ITC in the event that tax equity financing dries up.
Even though the U.S. market is showing some signs of stabilizing, the decline in installation rates in April alone was 33%.
Enphase Energy’s Q1 revenue exceeded expectations as the company set an all-time gross margin record and announced plans for a new manufacturing location. Enphase stock is up 15%
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