Few major revisions in Illinois renewable energy plan
The Illinois Commerce Commission issued a draft order of the Illinois Energy Agency’s renewable energy plan with few major changes as the April 3 deadline for a final order nears.
Terraform Global refinancing suggests yieldco health
The yieldco has refinanced a 9.75% debt package due in 2022 into a 6.125% debt package due in 2026. The financing covers various portions of just over 1GW of solar, wind and hydro projects.
NextEra Energy Resources sues U.S. government for $127 million
A lawuit filed last week against the U.S. Treasury will attempt to recover money NextEra claims the government owes it under the Section 1603 grant program.
Blockchain company raises $40 million to further develop energy trading platform
WePower is raising money in hopes of leveraging Bitcoin’s ‘blockchain’ technology to enable instant tracking and trading of clean electricity.
OPIC funds $253 million in overseas solar during 2017
The U.S. government’s lender for U.S. interests operating in developing markets increased clean energy financing in 2017, despite the arrival of the Trump Administration and an ongoing investigation.
Guggenheim: Sale of CAFD, NYLD cast doubt on the yieldco space
A research note by Guggenheim Securities says that the recents sales of NRG Yield and 8point3 Energy Partners show how difficult it has been for investors to accurately value yieldcos, and undermines confidence.
sPower uses renewable portfolio to close $421 million bond deal
All new project development will be funded by incremental proceeds from this refinancing of previous bank loans, which totaled $300 million medium-term loans.
Enphase share sale raises $20 million
The California-headquartered microinverter specialist announces private equity offering of 9,523,809 shares that have been sold to Chilean entrepreneur Isidoro Quiroga.
Connecticut Green Bank closes on 200th C-PACE project
The program has now financed nearly 25 MW of solar in the state.
Report: Venture capitalists fall in love with battery storage
According to a report released by Mercom Capital, venture capital firms showered battery storage companies with money to the tune of $714 million last year.
