Greenbriar Capital secures financing for 100 MW solar project in Puerto Rico
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.
Sunpower secures a $300 million bridge to pay off loan certificates
The financially troubled PV maker has secured a last-minute line of credit to repay Total and other lenders, as it burns through cash.
Vivint Solar securitization gets A- bond rating
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.
Southern Company sells off 1/3 stake in solar portfolio to Global Atlantic
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.
Sonnen secures $70 million from Shell for US, Aus expansion
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.
CDPQ takes majority stake in Invenergy Renewables
Invenergy plans to maintain day-to-day management of its renewable energy business, with the Québecois fund manager increasing its economic stake to 52%.
Rush to gas risks hundreds of billions in stranded assets
A new report by Rocky Mountain Institute finds that gas plants proposed across the United States over the next 15 years could be replaced by clean energy portfolios at a net savings, and that these projects are at risk of becoming stranded assets.
Recurrent closes on financing for 75 MW-AC solar project in North Carolina
Prudential is providing $107 million in debt for the project in Cabarrus County which will be one of the largest in the state when complete.
Solar power funding collapses during Q1
The section 201 case took a big bite out of corporate solar and large-scale project funding, and the quarter also saw a stunning $8.3 billion in reported mergers and acquisitions.
Warren Buffett utility says no new gas
Pacificorp, a Berkshire Hathaway electricity utility serving six Western states, said it has no plans to build new gas or coal in the coming decades, but instead plans to add 2.7 GW of wind and 1.8 GW of solar.
