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.
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.
