BNEF: Global solar investment fell 32% in 2016
While much of this decline is due to lower system costs, it was a difficult year for the solar industry despite a 20% growth in installation capacity.
Enphase receives much-needed influx of cash
The struggling microinverter manufacturer, which has posted quarterly losses in every quarter since Q3 2015, received a $10 million bailout from two institutional investors.
Vivint Solar secures $303 million in fresh financing
Vivint Solar has started 2017 on a high, with the closing of $303 million in new financing from a total of five different investors, which will allow the company to repay existing borrowing and install a number of new residential systems.
Altenex unveils new vehicle for short-term renewable power sales
The renewable energy procurement company’s “PowerBloks” give C&I customers the ability to buy power on more flexible terms.
Jigar Shah and Karl Rábago talk policy, pragmatism at NYSES event
Officials from pv magazine served as MC and moderator for the event in New York City
Tesla to power Nevada gigafactory entirely with solar
The 70 MW system is just one aspect of the plant’s commitment to 100% sustainability – but the company says it will be seven-times larger than the largest rooftop solar system currently installed.
Mercom: Total solar corporate funding falls 64% in 2016
It was not a pretty year for solar finance, but some sectors remained unscathed.
Could solar help replace Indian Point generation?
In his Regional State of the State address in Manhattan, New York Gov. Andrew Cuomo bragged about the deal he reached to close the Indian Point Energy facility, a nuclear-power plant that generates 2 GW of electricity for New York city and Westchester County. Details on how he’ll replace the power, however, remain vague.
Brookfield bids to take over TerraForm Power, Global on the cheap
The Canadian asset manager’s latest offer is in line with TerraForm’s early January deadline for bids, and includes both buy-out and sponsorship options.
ACC fixes net-metering grandfathering clause
Exactly three weeks after significantly altering net-metering in ways that could stunt future solar growth in the state, the Arizona Corporation Commission voted 4-1 to amend the way it will grandfather current solar customers under the new rules to remove a two- to three-week penalty the ruling accidentally imposed.
