The move is a step toward regaining regulatory compliance, in advance of a potential purchase by Brookfield.
The Florida power company’s results call indicate very rapid activity over the last year, and expects a similar rate for future development, along with dividend growth.
The joint First Solar/SunPower yieldco reported strong results, including acquiring shares of the Henrietta and Stateline projects.
Last year was a goody for German solar inverter manufacturer, by posting recording breaking sales figures alongside a rise in EBIT, however, the increase in price pressure in 2016 saw revenues fall, while this trend is expected to continue in 2017.
The latest report by Mercom Capital shows that while debt and public market financing for battery storage companies declined in 2016, that battery storage project funds raised $820 million during the year.
The two yieldcos have entered into an exclusive agreement with Brookfield towards a purchase of the company, and entered into an MOU with SunEdison towards settling lawsuits to enable this sale.
Interview: Financiers are cautious. They would rather not finance a project than risk their investment in betting on the weather. As a result, many promising projects are not realized. Gwendalyn Bender, Vaisalas Product Manager for Solar Assessment Services explains how to reduce uncertainty and improve financing probabilities and conditions.
Spruce Finance, which provides consumer financing for residential solar and energy efficiency projects, has raised a total of $445 million in tax equity and project debt transactions to support its activities in 2017.
The latest round of financing brings the total raised in 2016 to $165 million, which allows the company to pursue an aggressive growth strategy moving forward.
Through its subsidiary Enel Green Power North America, Italian multinational Enel Group has announced the acquisition of a 100% stake in Demand Energy, a U.S. company specializing in intelligent software and storage systems.
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