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.
Spruce Finance, which provides consumer financing for residential solar and energy efficiency projects, has raised a total of $445 million in tax equity and project debt transactions to support its activities in 2017.
The latest report from the respected national lab finds that even if – big if – behind-the-meter solar is raising the rates of other utility customers, the impacts are tiny, especially compared to other activities.
Energy Secretary Nominee Rick Perry tried to soften his Climate Change and renewable energy stances during his confirmation hearing. However, a leaked budget outline from the Trump transition team belied that conciliatory tone.
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.
Comments filed by AEEI and SolarCity on the Supplemental Distribution System Implementation Plan (DSIP) say utilities should do more to get ready for and assist with the integration of distributed renewables and storage, and AEEI says utilities should go back to the drawing board.
San Diego County Water Authority (SDCWA) has requested letters of interest due in February for the design and business model for the proposed 500 MW San Vicente Energy Storage Facility, which could include PV energy to pump water to the dam.