Finance

The U.S. asset management fund’s plan to cut future investment in coal is reportedly part of a climate-focused initiative to establish sustainability at the center of its business approach. The announcement comes weeks after the investor closed $1 billion of a record $2.5 billion fund focused on PV, wind and energy storage projects.

To help safeguard residents’ health and comfort during an extended power outage, a new program will provide loan guarantees for solar+storage installations that could keep cooling systems, medical equipment and refrigerators running.

Hello readers and welcome to another Hump Day morning brief. Today we’ve got Pepsico going 100% renewable, Sonnedix closing $15 million financing in Puerto Rico, JLC Infrastructure buying out Greenskies and more!

Researchers have looked at historical buying patterns across multiple countries and U.S. states, and found that starting near $1,000/kW of net present value broader uptake of residential solar begins, at $3,000/kw the market is really overheating, and at $7,000/kW it’s projected that 50% of viable home owners would be financially motivated to adopt solar power.

Welcome to another morning brief. Today we’ve got Goldman Sachs financing $200 million in Loanpal loans, Swiss RE and kWh analytics collaborating to accelerate solar adoption, Voltus’ 50 MW demand response award, SERES transitioning its battery division into a subsidiary and more!

Please companies, get your services known, your gear covered – send press releases and datasheets to USA-Editors@pv-magazine.com. What’s on the docket today? Module pricing is going down, higher efficiency products more so – enough that you ought call you supplier, Quasar bidirectionally connects your home directly to the DC side of your cars energy storage and SolRates is refining their offerings.

Mercom Capital has released their annual report – describing the year as robust – showing company funding of $11.7 billion, up 20% over 2018, and announced project deals of $16.1 billion, up 14%.

Is First Solar stalled in innovation and growth? Markus Beck, a thin-film solar expert and former chief scientist at First Solar, provides an industry perspective on the fate of thin-film PV in the U.S.

A month after deciding upon the rates Dominion Energy will use to compensate PURPA customers, the state’s Public Service Commission has reversed the decision — raising the rates and laying the groundwork for a successful solar compensation structure.

RWE’s “West of Pecos” 100MWac Texas solar facility has turned on, Sunpin Solar is breaking ground on a 70MWac/98MWdc solar plant in southern California, and Solar Frontier Americas closed on finance for its under-construction 210MWdc Mustang Two plant.