Residential PACE program expanded California residential solar market 12%
The R-PACE program, between 2010-2015, added 1.1 W of solar power per capita overall to larger cities in the Californian market. The Berkeley analysis suggests many of the projects wouldn’t have been built otherwise.
Coal bankruptcy burns 8Point3 on 20 MW solar power contract
FirstEnergy Solution Corp’s recent bankruptcy filing has put a solar power purchase agreement (PPA) with an annual value of $8 million, and a non-cash book value of $40-48 million at risk.
Sunlight Financial raises $225M for residential solar loans
The residential solar finance provider sees the capital covering approximately 9,000 solar loans at $25,000 each.
Sunnova raises $100 million in equity
The Texas-based residential solar company has partnered with a group that focuses on long duration investments. Sunnova has raised more than $2.5 billion since 2012.
Credit Suisse to launch €500 million green bond issue to back U.S. solar projects
The Swiss bank will utilize the proceeds to refinance construction and operation of U.S. solar projects, and this could be the first of several issuances.
RGS Energy seeks $10M to commercialize Powerhouse solar shingles
RGS Energy, which bought global rights to Dow’s Powerhouse 3.0 solar shingles, has seen its timelines slip for UL certification of the product.
Lawsuit over Elon Musk’s influence in SolarCity acquisition moves ahead
A Delaware judge has decided that the probability that Musk had significant influence and control over Tesla’s board means the lawsuit should move forward.
Illinois Power Agency picks two developers in utility-scale solar REC procurement
The Illinois Power Agency has selected two successful bidders to supply 400,000 renewable energy credits (RECs) per year for 15 years from utility-scale PV projects.
Congress overrules Trump, increasing efficiency and renewables budget
In the budget passed by the House and Senate to keep the government funded through September, funding for ARPA-E and the DOE’s Energy Efficiency and Renewable Energy office both increased by around 15%.
EIA looks at why solar cost estimates vary
Three separate organizations under the umbrella of the U.S. Department of Energy track various aspects of utility scale solar power plant’s costs, and are producing very different numbers.
