Solar and Tesla shine amid weak Q1 for clean energy investment
BNEF cites financing for a massive solar plant in Mexico and Tesla’s billion-plus capital raise as running counter to the trend of falling clean energy financing during Q1. Investments in distributed solar also rose.
Solar corporate funding activity increases by 100% in Q1, finds Mercom Capital
Total corporate funding across the global solar industry reached $3.2bn in the first quarter of the year, which is a 100% increase on Q4 2016. This rise is largely due to increased debt financing activity, said Mercom Capital Group CEO Raj Prabhu.
First Solar seeking sale of its share in yieldco 8point3 Energy
The Arizona-headquartered solar power company wants to strategically align its resources to support its new Series 6 module, and thus seeks sale of its stake in the joint SunPower yieldco. SunPower reaffirms belief that the yieldco can deliver long-term assets and growth.
Sunnova prepares for its first securitization
The $255 million offering makes Sunnova the latest distributed solar provider to offer securities backed by residential solar assets.
Can solar and wind take a page from oil and gas?
A new report from Columbia University suggests some oil and gas industry financing approaches could be applied to the solar and wind industries.
GCL Energy receives $60 million for 84 MW solar portfolio in North Carolina
With the help of CIT Group, the China-based company hopes to kickstart its U.S. solar portfolio with this first infusion of cash.
Flow battery maker Primus Power raises $32 million
The most recent funding influx means the California battery maker has secured $114 million to date, and the company has hinted at trying to break into the Chinese market.
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.
