BNEF: Global solar investment fell 32% in 2016
While much of this decline is due to lower system costs, it was a difficult year for the solar industry despite a 20% growth in installation capacity.
Vivint Solar secures $303 million in fresh financing
Vivint Solar has started 2017 on a high, with the closing of $303 million in new financing from a total of five different investors, which will allow the company to repay existing borrowing and install a number of new residential systems.
Altenex unveils new vehicle for short-term renewable power sales
The renewable energy procurement company’s “PowerBloks” give C&I customers the ability to buy power on more flexible terms.
Mercom: Total solar corporate funding falls 64% in 2016
It was not a pretty year for solar finance, but some sectors remained unscathed.
Brookfield bids to take over TerraForm Power, Global on the cheap
The Canadian asset manager’s latest offer is in line with TerraForm’s early January deadline for bids, and includes both buy-out and sponsorship options.
ACC fixes net-metering grandfathering clause
Exactly three weeks after significantly altering net-metering in ways that could stunt future solar growth in the state, the Arizona Corporation Commission voted 4-1 to amend the way it will grandfather current solar customers under the new rules to remove a two- to three-week penalty the ruling accidentally imposed.
Sunworks opts for Sharp SmartStorage for C&I
Sunworks plans to offer zero-down financing for solar plus storage installations for commercial and industrial customers, utilizing SmartStorage lithium ion technology.
Third-party solar proves less popular in installer survey
The latest data from online solar marketplace provider EnergySage echoes other national trends in finding that installers are increasingly moving back to cash purchases, especially at smaller companies.
TerraForm Global warns of continued losses for 2016
The yieldco’s first statement regarding its 2016 financials shows plenty of cash, but Global is remaining in the red overall.
TerraForm Power, Global warned with de-listing (again)
NASDAQ has sent letters to both yieldcos warning them that the failure to hold annual general meetings in 2016 serves as an “additional” cause for de-listing, after late financial statements.
