Back in the game: Former SunEdison executives launch Summit Ridge Energy
The new project will focus on commercial and industrial (C&I) and community solar projects, led by the former head of the bankrupt solar giant’s East Coast C&I operations.
Cheap gas and renewables are making merchant power untenable (w/ charts)
A new report by Power Research Group and Wilkinson Barker Knauer finds that cheap natural gas, wind and solar make it impossible for merchant plants to recover invested capital, and threaten the basic operation of wholesale power markets.
Spruce sells $250 million in solar and energy efficiency loans
This is the second sale of loan assets for the company, which has experienced significant staff reductions and turnover in its executive positions.
Optimism and concern at the REFF Wall Street conference
While there were many good indicators at ACORE’s 14th REFF Wall Street conference, there are worries around the Suniva Section 201 trade case.
Enphase Energy signs license agreement with manufacturing partner Flextronics
Deal sees the U.S. microinverter specialist license its marketing, sales and manufacturing rights to Flextronics, one of the world’s largest global electronics manufacturers and a longstanding partner of Enphase.
Florida Governor Scott lifts tax burden on leased, C&I solar with bill signing
Florida’s solar market is finally truly open for business with the reduction in taxes on leased solar and C&I installations, as the utility-scale market also booms.
Sky Solar launches investigation into former CEO
According to its most recent SEC filing, retained for purposes of handling potential litigation, the company halted trading on its shares on Tuesday, pending the outcome of its internal investigation of its former Chief Executive Officer Weili Su.
TerraForm Global Q4 results one more step towards Brookfield acquisition
The second of SunEdison’s two yieldcos is putting all of its ducks in a row as both companies prepare to be bought by the Canadian asset manager.
BNEF: Coal to fade as cost of renewables falls even faster
The latest long-term forecast from analysts Bloomberg New Energy Finance (BNEF) predicts solar energy costs to drop a further 66% by 2040, and onshore wind by 47%. Given these predictions, BNEF expect that renewables will undercut the majority of fossil based generation by 2030, even in India and China.
Apple takes another bite out of Climate Change with 2nd billion-dollar green bond
The tech giant’s latest investment in tackling climate change follows last year’s $1.5 billion green bond sale. Proceeds from this latest bond will be earmarked for eco-friendly projects, with solar at the forefront.
