Panasonic, Tesla reveal plan to produce lithium batteries in China
Tesla’s batteries may soon be Made in China. The announcement was made by Panasonic CEO Kazuhiro Tsuga during a conference accompanying the company’s 2018 fiscal-year results.
Sunrun deployments down 7%, but revenue up 36%
The company reiterated full-year guidance of 15% growth in deployments – and cash generation at even higher rates.
Onyx Renewables gets funding for 80 MW of C&I + small utility solar power
CIT Group and RBC Capital worked together to fund the portfolio of projects spread across six states, with half the capacity in California and Arizona and the other half in the northeast.
Vivint Solar grows revenue on lower volume
The residential solar power company continues its focus on higher profits, hinting at strong growth potential in coming quarters as sales teams settle into their new pipelines.
DTE Electric prices $525 million in green bonds
The Michigan power company is planning to float 30 year bonds to cover renewable energy and energy efficiency investments, while taking other steps to favor continued reliance on fossil fuels over renewable energy.
Solar power tax incentives fall almost 50% as installations increase 300%
An analysis by the Department of Energy shows electricity generation from solar growing 32% annually since 2000. Meanwhile, the tax benefits claimed for solar fell from just over $2 billion in 2013 to just over $1 billion in 2016.
Mosaic, Sunrun lead residential solar finance
GTM Research finds that the loan provider has become the largest residential financier overall, while Sunrun leads in the third party solar space.
Open Energy dedicates $50 million to commercial solar power finance
Open Energy’s program funds projects costing between $250,000 and $2 million. The capital lease program hopes to finance 70 MW of projects through the end of this year.
Dividend’s solar power securitization receives industry’s first “AA” rating
Dividend Finance has closed a $104 million residential solar loan securitization, following on its first $129 million securitization in October 2017.
Green shift in finance accelerating – $200B from Wells Fargo
Wells Fargo plans to invest $200 billion by 2030 in sustainability projects, including at least $100 billion in green bonds and clean energy technologies including renewable energy, EVs and batteries.
