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.
Wind dominates, solar taking land from gas as cheapest electricity
The Energy Institute at University of Texas, Austin has updated its research on “The Full Cost of Electricity” taking into account further variables such a social costs, as well the changing technological and political marketplaces.
Community solar+storage is still rock and roll to me
Silicon Valley Clean Energy and Monterey Bay Community have signed 15 year power contracts with Recurrent Energy on a 150 MW-AC + 180 MWh solar+storage plant.
PJM subsidiary to test blockchain for trading RECs
The platform will be designed to enable tracking and peer-to-peer trading of certificates at the kilowatt-hour scale, at low cost and with improved ease of use.
Danish pension pops $307 million cork on California solar power
Recurrent Energy has sold its 49% stake in two California solar power plants, the 258 MW-DC Tranquillity and the 272 MW-DC Garland Solar plants, to one of Denmark’s largest pension service providers as its first solar investment.
Sunnova scores an A- on $202 million solar securitization
KBRA has given Sunnova a preliminary A- rating on a portfolio of nearly 15,000 residential PV systems, totaling 108 MW-DC across 17 states and three island territories.
Minnesota credit union solar loans will c u to green
Minnesota credit unions have launched a new program to offer solar power finance to their 1.7 million members. This program offers residential loans, and commercial PACE loans, funding up to 100% of the projects.
