JinkoSolar sets new PACE for commercial-financing channel
The PV module manufacturer announced it had partnered with CleanFund Commercial PACE Capital to offer financing for its commercial customers through its SolarPACE program.
Solar goes corporate: the rise of the bilateral PPA
PV power plants: Corporations want in on the falling costs and predictable prices of wind and solar. Bilateral power purchase agreements have emerged as one new business model among several that businesses are employing as they get serious about renewable energy, both in the United States and abroad.
Former Sungevity employees file class action lawsuit
The lawsuit alleges that workers were not given the warning required under federal law, and attorneys are additionally enquiring about bounced paychecks.
Vivint Solar installations decline in Q4
While the residential solar company has greatly improved its access to capital, its volume installed fell 21% year-over-year.
Tesla to issue $1 billion stock & convertible bond offering
The EV, solar and battery company has filed to issue $750 million in convertible notes and another one million shares of stock in advance of its Model 3 roll-out.
Sungevity’s insolvency shows in employees’ checks
Today the final checks to Sungevity workers laid off without notice last week bounced, as the latest problem for the company and its former employees.
Sunnova breaks into tax equity with $80 million deal
The deal with USBCDC will enable an estimated $200 million worth of solar, and brings Sunnova to over $1.5 billion raised to date.
Trina Solar goes private
The Chinese PV maker has completed its merger transaction and will now become a private company. Trading of Trina’s shares on the NYSE have been suspended pending de-listing.
BREAKING: Brookfield takes over TerraForm Power, Global
Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.
Residential solar ownership now outpaces leasing (with charts)
According to new data by GTM Research, the ratio of solar leases and PPAs to full ownership flipped in the fourth quarter of 2016, when fewer than half of all new residential solar systems were operating under third-party arrangements – down from its 2014 peak of 72%.
