Cash is king in residential solar, long live the lease!
A Wood Mackenzie Renewables & Power report shows that so far in 2018, direct ownership of residential solar – either out of pocket or via bank loan – now represents 64% of purchases.
#Solar100’s Ray Shem: Solar’s Cassandra
In this #Solar100 interview, Richard Matsui, Founder and CEO of kWh Analytics, speaks with Ray Shem, CFO at Pine Gate Renewables.
Duke issues $1 billion in inaugural green bond offerings
In what it touts as one of the largest green bond transactions issued by a utility, Duke Energy Carolinas has issued bonds to further renewable energy development.
Wind and solar projects pump investment grade portfolio returns
Ullico has purchased part of a 1.3 GW wind+solar portfolio, originally developed and sold by sPower. The transaction, and other optimizations surrounding the portfolio, have increased the return on investment to 13% for one of the investment groups involved.
NantEnergy acquires Sharp’s U.S. energy systems & services
Zinc battery specialist NantEnergy has acquired the U.S. energy systems and services business from Japanese electronics giant Sharp. The acquisition, according to NantEnergy will provide the company an important foothold in the U.S. market, and allow it to provide ‘energy as a service’ business models, using its Zinc-air battery, in multiple markets.
Washington State carbon tax rejected soundly, again
Initiative Measure No. 1631, a tax of $15/ton on carbon pollution, was rejected 56-43% on almost 2 million votes. It was the most expensive ballot measure ever in the state with over $46 million in advertising dollars spent.
Head of the class: SunPower gets an ‘A’ on $440 million solar portfolio
The Kroll Bond Rating Agency delivered an Investment Grade preliminary rating on a SunPower residential lease portfolio of 317 MW. The P50 and P90 ratings after 20 years were projected near 90%, and 73-80%, respectively.
SunPower and Hannon Armstrong invest $10 million in residential solar leases
SunPower and Hannon Armstrong have entered into a joint venture to acquire, own, manage, operate, finance, and maintain a portfolio of residential solar pv systems currently or expected to be installed, working with potential tax equity partners.
Investment grade solar power gets $362 million in green bonds
Dominion Energy has closed on a private round of bonds whose purpose is to cover the utility’s investments in 20 solar projects totaling 574 MW-AC, all of which hold long term contracts.
Devil went down to Georgia for $89 million of solar power
The wholesale power buyer for 38 electric cooperative has signed a 30 year agreement to buy power from 106 MW-AC of solar at two projects in rural Georgia near the Alabama border.
