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.
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.
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.
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.
Sunrun puts 100 MW of residential solar online in one quarter
The nation’s largest residential solar company is getting bigger and taking market share from its rivals.
POWERHOUSE to turn on in December
RGS Energy says it expects to deliver its first POWERHOUSE solar shingles in December. The company did not accept deposits for its $127 million in written reservations, but now that UL approval is in they’re soliciting those groups for cash deposits.
Head of the class: SunPower gets an ‘A’ on $440 million solar portfolio
The Kroll Bond Rating Agency delivered an Investment Grade preliminary rating on a SunPower residential lease portfolio of 317 MW. The P50 and P90 ratings after 20 years were projected near 90%, and 73-80%, respectively.
SunPower and Hannon Armstrong invest $10 million in residential solar leases
SunPower and Hannon Armstrong have entered into a joint venture to acquire, own, manage, operate, finance, and maintain a portfolio of residential solar pv systems currently or expected to be installed, working with potential tax equity partners.
Warnings about Puerto Rico 100% renewable energy bill
Solar providers have expressed concern about language allowing charges on net-metered systems, and IEEFA warns that the bill will enable a rush to gas.
