Insuring the cash flow of residential solar power
kWh Analytics has structured its Solar Revenue Put for a portfolio of 4,000 residential systems totaling 35 MW-DC, insuring the long term production of the portfolio to ease investor’s worries.
Careful money buys up Spruce Finance
HPS Investment partners has bought up the sixth-largest third-party solar provider, with board co-chair Christian Fong taking the reins as CEO.
Raising capital in very large chunks: The rise of solar securitization
In this op-ed for pv magazine, Mike Mendelsohn of the Solar Finance Council looks at the dramatic rise of securitization as a means to efficiently secure capital.
Cash is king in residential solar, long live the lease!
A Wood Mackenzie Renewables & Power report shows that so far in 2018, direct ownership of residential solar – either out of pocket or via bank loan – now represents 64% of purchases.
#Solar100’s Ray Shem: Solar’s Cassandra
In this #Solar100 interview, Richard Matsui, Founder and CEO of kWh Analytics, speaks with Ray Shem, CFO at Pine Gate Renewables.
Duke issues $1 billion in inaugural green bond offerings
In what it touts as one of the largest green bond transactions issued by a utility, Duke Energy Carolinas has issued bonds to further renewable energy development.
Wind and solar projects pump investment grade portfolio returns
Ullico has purchased part of a 1.3 GW wind+solar portfolio, originally developed and sold by sPower. The transaction, and other optimizations surrounding the portfolio, have increased the return on investment to 13% for one of the investment groups involved.
NantEnergy acquires Sharp’s U.S. energy systems & services
Zinc battery specialist NantEnergy has acquired the U.S. energy systems and services business from Japanese electronics giant Sharp. The acquisition, according to NantEnergy will provide the company an important foothold in the U.S. market, and allow it to provide ‘energy as a service’ business models, using its Zinc-air battery, in multiple markets.
Washington State carbon tax rejected soundly, again
Initiative Measure No. 1631, a tax of $15/ton on carbon pollution, was rejected 56-43% on almost 2 million votes. It was the most expensive ballot measure ever in the state with over $46 million in advertising dollars spent.
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.
