Careful money buys up Spruce Finance
HPS Investment partners has bought up the sixth-largest third-party solar provider, with board co-chair Christian Fong taking the reins as CEO.
Canadian Solar is putting more steel in the ground
The Chinese-Canadian PV manufacturer is continuing to grow its development activities under subsidiary Recurrent Energy, including some landmark solar and solar plus storage projects.
Eleven renewable energy suitors for Rhode Island
National Grid has published the results of its 400 MW solicitation, collecting almost 2.5 GW of bids from eleven developers. 41 projects were submitted in total.
Raising capital in very large chunks: The rise of solar securitization
In this op-ed for pv magazine, Mike Mendelsohn of the Solar Finance Council looks at the dramatic rise of securitization as a means to efficiently secure capital.
Appalachian Power is in the market for large-scale solar
The AEP subsidiary has put out an RFP for up to 200 MW-AC of solar capacity, in at least 50 MW-AC chunks.
Cash is king in residential solar, long live the lease!
A Wood Mackenzie Renewables & Power report shows that so far in 2018, direct ownership of residential solar – either out of pocket or via bank loan – now represents 64% of purchases.
Illinois electric utility publishes online map of potential solar capacity
ComEd, Illinois subsidiary of Exelon, posts a Hosting Capacity Map showing solar potential based on infrastructure capabilities on a local basis.
North Carolina community seeks (more than) $250 million solar facility
Adani Solar USA is looking for 2,940 acres of land to build the second largest solar plant east of the Rocky Mountains. Local commissioners are moving prudently, initially stopping progress, but recent town meetings have shown support.
Duke tries to sock it to rooftop solar in South Carolina with massive fixed charges
Duke’s proposed basic service charges of $28-29 for residential customers in South Carolina could stop rooftop solar dead in its tracks.
Wind and solar projects pump investment grade portfolio returns
Ullico has purchased part of a 1.3 GW wind+solar portfolio, originally developed and sold by sPower. The transaction, and other optimizations surrounding the portfolio, have increased the return on investment to 13% for one of the investment groups involved.
