TerraForm Power to sell UK solar portfolio for $581 million
Vortex, a renewable energy investment platform managed by Egypt’s EFG Hermes, to purchase TerraForm Power’s 365 MW U.K. solar portfolio for £470 million.
DOE Secretary Moniz’s exit memo extolls solar progress
In the past eight years under President Obama, the solar industry has advanced from a tiny niche market to the country’s largest energy employer – though more work remains to be done.
Vivint to provide PV system owners with smart home tools
The company’s solar customers will have the option to receive a free integrated energy management system
Sungevity loses acquisition partner, access to public capital
Easterly Acquisition Corp., who was supposed to provide Sungevity access to public-market funds, has cancelled the proposed acquisition it announced in June.
Innogy completes acquisition of solar and battery specialist Belectric
German renewable energy developer has acquired international PV power and storage specialist Belectric for a sum in the double-digit million dollar range, company comfirms.
Over 128,000 California homes go solar in 2016
New data from state California Solar Initiative (CSI) program Go Solar California reports that over the first 10 months of 2016, a total of 128,485 Californian families went solar, according to California Citisuns, the solar consumer advocacy based in Sacramento. The total suggests a 2016 total of over 154,000 new solar homes in the state.
SEIA to create finance advisory council
The national trade group will work with the Solar Energy Finance Association to improve access to low-cost financing.
Community solar comes to coal country
Buckeye Power, an electricity transmission company, will break ground on its third installation as part of a project that will eventually bring 2.1 MW of community solar in traditionally coal-fueled southern Ohio.
SCE awaits third energy storage unit approval
Southern California Edison (SCE) is awaiting approval from the California PUC for the third unit within its 27 MW of lithium-ion storage plans. The utility filed in late December with the Federal Energy Regulatory Commission for a Generator Interconnection Agreement with the third of the three, the PPA Grand Johanna LLC for a 2 MW/8MWh storage project called Grand Johanna.
Off Grid Electric secures $7.5 million in debt financing
The California-based provider of off-grid solar power in Africa rounded off an excellent 2016 for the company with a further $7.5 million in debt financing and a partnership with Rwanda’s national utility company, off the back of further expansion plans across Africa.
