Open Energy dedicates $50 million to commercial solar power finance
Open Energy’s program funds projects costing between $250,000 and $2 million. The capital lease program hopes to finance 70 MW of projects through the end of this year.
Bill to increase system sizes for net metering advances in New Hampshire
The bill to allow PV systems up to 5 MW in capacity to participate in net metering has been reported out of committee and will now go to a vote of the full House, it’s last stop before the desk of Governor Sununu.
Commercial solar power strategically sited in San Diego
Clean Coalition, NREL and City of San Diego are working on solar siting and designing a feed-in-tariff program to drive grid resilience via distributed solar power.
Walmart to host solar power on 130 more sites
The world’s largest retailer has slipped in recent rankings, but is planning to pursue more solar, both at its facilities and through third-party purchases of power.
Wunder Capital raises $112 million to scale C&I finance solutions
The solar finance technology company’s Series B financing round is 30x larger than its Series A round a year ago.
Target remains the largest adopter of on-site corporate solar power
The company added 43 MW last year, placing it well ahead of Walmart and Prologis. Overall installations at 4,000 companies tracked by SEIA grew slightly to 326 MW last year.
Private equity sees gold in solar power development
Ares Management LP’s energy and infrastructure fund has announced a plan to acquire a majority stake in Conti Solar, a solar power developer and EPC which has built 500 MW of solar projects.
Maryland report shows distributed solar’s real power is people
An analysis submitted to Maryland regulators found that distributed solar’s economic benefits – mostly labor associated revenue – was worth six times the value of the electricity to the grid.
Illinois smart inverter rebates to benefit solar deployment
The availability of smart inverter rebates for Illinois medium and large nonresidential PV systems in Illinois can go beyond being able to work better in a grid to impacting net metering, energy storage and other policy issues.
Utilities win in South Carolina solar vote
A bill to lift net metering caps in South Carolina fails, after a technicality was used to force the bill to secure a 2/3 majority.
