Finance

The $466 million deal and a $345 million private placement together comprise an $811 million refinancing for the residential solar company.

NV Energy has signed a 25-year power contract for 2.376¢/kWh for the output of a 300 MW solar power plant in Nevada. This represents a new record for the lowest public contract price for solar power in the United States.

Community choice aggregator CleanPowerSF has signed a 22-year PPA with sPower for a 100 MW project in Lancaster, California. The project is expected to be online in 2019.

The investment from FTV Capital is the latest in a string of fundraising successes for the solar and energy storage lending platform.

The project is part of a 280 MW pipeline the Caribbean island is hoping to build in its effort to restore a safe and stable power supply to the population.

The financially troubled PV maker has secured a last-minute line of credit to repay Total and other lenders, as it burns through cash.

Kroll has assigned a portfolio of 37,792 leases, worth $494 million in various revenue streams, a preliminary rating pending a sale to the marketplace.

The retirement and insurance provider will pay $1.2 billion for a share of the power giant’s 1.7 GW solar portfolio. Southern will still operate the projects.

The battery integrator has already began to draw on the funds as it continues to expand its market presence in the United States and in Australia. Shell Ventures is now a major sonnen investor and and the companies have agreed to future cooperation.

Invenergy plans to maintain day-to-day management of its renewable energy business, with the Québecois fund manager increasing its economic stake to 52%.