SunPower, First Solar close on sale of yieldco 8point3
The sale brings in $240 million for First Solar and $360 million for SunPower, as both companies re-focus on manufacturing. Capital Dynamics now owns the yieldco.
U.S. renewable energy finance weathers the storm
Day one of ACORE’s REFF Wall Street conference shows U.S. renewable energy finance in a healthy state, despite policy headwinds from the Trump Administration. But in the longer term, things get hot and crowded.
$1 trillion by 2030 – ACORE lays out a US pathway
American Council on Renewable Energy launched a new campaign that aims to reach $1 trillion in U.S. private sector investment in renewable energy and enabling grid technologies by 2030.
Falling battery costs to push solar, wind to 50% electricity by 2050
BNEF predicts that solar PV capacity will grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation. Investments will reach $11.5 trillion. Cost reductions will drive this charge, particularly in the battery market. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels.
West of the Pecos Solar sells 50 of its 100 MW
E.ON’s first move into the Texas solar power market is a 100 MW-AC solar project located in West Texas. The company announced an agreement to sell 50 MW-AC worth of the output to SK E&S Co, one of South Korea’s largest energy companies.
Texas developer sells solar portfolio for $100 million
Fengate Real Asset Investments announced a $100 million equity commitment and co-development partnership with Texas-based PowerFin Partners, along with the acquisition of a 9.1 MW portfolio of operating solar projects in Austin and San Antonio.
Vivint closes on the largest solar securitization to date
The $466 million deal and a $345 million private placement together comprise an $811 million refinancing for the residential solar company.
Would you pay 1.795¢/kWh for solar power in 2043?
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.
sPower secures 100 MW solar power PPA with California aggregator
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.
Sunlight Financial secures $50 million equity raise
The investment from FTV Capital is the latest in a string of fundraising successes for the solar and energy storage lending platform.
