Solar loans overtake third-party as dominant residential solar model
While residential solar leases and PPAs peaked in 2016, GTM Research is now predicting that solar loans will represent nearly half the market this year.
Global solar investment drops due to low project costs, China policy change
While overall global investment in clean energy saw a decrease of just 1% year-over-year in the first half of 2018, solar’s share dropped 19% following changes to China’s PV policy and lower project costs, says Bloomberg New Energy Finance. It forecasts this trend to continue throughout the year.
Goldman Sachs buys 204 MW of East Coast solar from SJI
Goldman Sachs Asset Management is paying $350 million in cash for a portfolio of C&I solar at 143 sites in New England, New Jersey and Maryland.
Texas to get its biggest solar plant at 315 MW-DC
Innergex purchased the rights to develop the massive Phoebe solar power plant on the day that the project received a full notice to proceed with construction.
Sempra Energy selling 1.2 GW of solar projects
Sempra Energy is selling off a portion of its energy generation assets as part of an activist shareholder’s push to “optimize” its portfolio.
Elon Musk’s unprecedented solar+storage vision for Puerto Rico moves forward
Puerto Rico is requesting ten 20 MW / 20 MWh batteries to be deployed strategically in the country’s power grid. The RFQ notes that sites should be upgradable to 40 MW / 160 MWh.
Solar bond pays for 12 solar installations, with no taxpayer cost
The City of Albuquerque has revealed details of the first phase of $25 million in solar power investments, as part of its goal to bring the city to 25% renewables. The first 12 projects are on local structures including fire and police stations, increasing resilience.
Mosaic Solar breaks $1 billion, earns an ‘A-‘
KBRA has assigned Preliminary Ratings to the most recent Mosaic Solar Loan Trust. The aggregate amount is $317 million, with $273 million earning the A- rating.
IRS gives big solar two more years
The IRS, via Notice 2018-59, has modified the Investment Tax Credit to allow solar projects to begin construction by the end of the 2019, and still get the 30% – versus being in service by that date.
Community Solar spurns New York’s VDER, seeks a return to net metering
The New York State Assembly has passed a bill which would temporarily put a hold on the alternative valuation of electricity from community solar projects and re-institute net metering for three years. The companion bill currently sits in Senate Rules Committee.
