TerraForm Power, Global forecast continued losses in 2016
While TerraForm Power and TerraForm Global are making progress in their separation from SunEdison, the two yieldcos continue to be plagued by losses and report that available cash for payouts to investors will be substantially reduced from previous estimates.
World’s cheapest solar power contract signed for Dubai mega-project
DEWA has signed a $29.90/MWh PPA with Masdar for the 800 MW third phase of the Mohammed bin Rashid Al Maktoum solar park.
BNEF: Betting on residual value is putting solar projects at risk
A research note from Bloomberg New Energy Finance warns of the danger to the latest wave of utility-scale projects with short power contracts at low prices.
NRG closes on 1.5 GW-AC of SunEdison wind, solar assets
The acquisition includes utility-scale solar projects in Utah, Texas and Hawaii as well as 29 MW of distributed solar in four states.
Tesla officially acquires SolarCity
The largest residential solar developer is now officially part of Elon Musk’s electric vehicle and battery empire.
Brookfield, Appaloosa propose expedited buy-out of TerraForm Power, Global
The two companies say they are willing to sign a contract for TerraForm by December 6 to avoid an additional payment to bondholders under the consent solicitation.
Soltage, Basalt close on $70 million in equity for C&I, utility solar
The two companies expect to close on another $70 million in the first half of 2017, with the total $140 million to fund 100 MW of utility and C&I solar projects.
First Solar to ramp Series 6 production in 2018, lay off 1,600 workers
The thin-film maker has announced a shift in strategy which will eliminate its Series 5, reduce 2017 output to 2.2 GW, and in the process dismiss 27% of its global workforce.
EnergySage begins offering loan products directly
While installers on the company’s online solar marketplace had previously offered loans, EnergySage will now being offering loans directly from three providers.
GTM Research: Purchases to overtake third-party residential solar in 2017
GTM Research expects the declining market share of residential solar leasing and power purchase agreements to continue in coming years, with loans and direct purchases overtaking third-party solar as the dominant market in 2017.
