Finance

The electric carmaker has signed 12-month credit agreements with three of China’s “Big Four” lenders as well as the development bank for Shanghai as it aims to get its lower-priced Model 3s rolling off the production line by the end of the year.

National Grid has purchased the wind and solar energy developer Geronimo Energy for “at least $100 million”, and is negotiating to buy a 51% stake in 378 MW the group has already developed.

NextEra and KKR have partnered on a portfolio of ten operational wind+solar assets, totaling 860 MW of wind and 328 MWac of solar, in a $900 million convertible equity finance deal.

The nation’s largest residential solar company noted higher than expected revenues, an increased net present value of its installations, and a hold of installation costs under $2/W – but also a strong operating cost increase and a Wall Street misinterpretation on expected earnings per share.

Enphase noted $92 million in revenue in Q4’18, and over $106 million in cash on hand as the company reported quarterly and annual positive operating incomes – its first in years. Enphase is completely booked for all of Q1 and seemingly into the late spring months.

Hello, happy hump day and welcome once again to the pv magazine USA morning brief. On today’s docket we have solar advocates holding a day of action for Million Solar Strong in New York, Encore Renewable Energy receiving a $1 Million investment, a 100 MW project approved in Maine and the rest of today’s essential solar quick-hitters.

PowerLedger’s xGrid is a blockchain-based electricity trading platform that’s now being used in a Pennsylvania business park, in addition to Chicago, California, a large housing unit in Australia, plus a few more locations.

Top of the morning and happy Thursday to you all, welcome to the pv magazine morning brief. Today we’ll be looking at DTE’s issuance of $650 million in Green Bonds, the 20 New England schools participating in the DOE National Science Bowl, Pennsylvania’s community solar bill, high school students raising money for a system on a community center and everything else you need to know about the solar industry today.

The Low Income Energy Issues Forum has released a new report focused on improving the availability and benefits of community solar for financially-limited customers. The working group identified five different models that can be used to join different ways to best open community solar to customers of all incomes.

LevelTen Energy’s Q4 PPA price index saw a sight increase in the price of utility scale solar power purchase agreements, except for the Southwest Power Pool which saw a healthy chunk of inexpensive projects come online.