Interview: Financiers are cautious. They would rather not finance a project than risk their investment in betting on the weather. As a result, many promising projects are not realized. Gwendalyn Bender, Vaisalas Product Manager for Solar Assessment Services explains how to reduce uncertainty and improve financing probabilities and conditions.
The two U.S.-based companies have announced a major partnership for the acquisition of $300 million in operating clean energy assets, with a focus on distributed solar projects in the near-term.
The PV Market Alliance has released its official solar installation figures for 2016, which show a 50% growth from 2015 with a total of 75 GW installed. This was mainly driven by a mammoth year of installations in China, although the future would seem less auspicious as the two biggest markets show signs of retraction.
The latest round of financing brings the total raised in 2016 to $165 million, which allows the company to pursue an aggressive growth strategy moving forward.
The Boston-based solar developer, founded in 2016, purchased the significant project pipeline to establish itself as a national player in the U.S. solar market.
The two projects, named Astoria and Astoria 2, could power 40,000 homes with clean energy from the 175 MW they produce.
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