Solar project and finance updates: Texas, New Mexico and eastern U.S.
OCI Energy closes a utility-scale solar project sale, National Renewable Solutions activates a project in New Mexico, and SolAmerica Energy closes on a revolving credit facility for distributed solar in the eastern U.S.
Community solar developer’s credit facility doubled to $300 million
Deutsche Bank and Nuveen Energy Infrastructure Credit partnered on upsizing the credit facility to support a 3.5 GW community solar pipeline in thirteen states.
Sunrise brief: Looming Trump tariffs drive rush on imports, push shipping costs higher
Also on the rise: Final rules on direct pay expands access to clean energy tax credits. Zendure releases pre-sized home solar and energy storage kit. And more.
Solar developer secures $145 million solar-plus-storage project in New Mexico
National Renewable Solutions secured the funding from Deutsche Bank for Shallow Basket, a 140 MW solar and 50 MW storage project that will benefit Jicarilla Apache Nation.
Hecate Energy arranges landmark $550 million debt facility
The financing with ten commercial banks is funding a vast multi-year pipeline of 35 GW solar and storage assets.
Sunrise brief: First Solar joins global workers’ rights coalition
Also on the rise: Utah solar plant will supply a new Facebook data center, Talesun will supply bi-facial modules to a Pennsylvania solar project, and Deutsche Bank arranges financing for a 250 MW California solar project.
Solar securitization shines on winter solstice
Sunrun’s Athena, a portfolio of 34,493 solar leases and power purchase agreements totaling $322 million, has been priced and closed at a 5.55% yield.
Mosaic closes deal for a $250 million financing facility from Deutsche Bank
The California-based solar loan provider for homeowners has added another substantial capital warehouse to its growing financial clout, this time a $250 million facility from Deutsche Bank, as it aims to have $1 billion available for solar loans by summer 2017.
Stunning price falls could spark another gold rush for U.S. solar market
A Deutsche Bank report has predicted “sharp declines” in U.S. solar module and inverter prices that it says could drive payback periods down to less than five years and spark a “final ‘gold rush’” in the American residential, commercial and industrial markets, starting in 2017.
North American solar investors concerned about H2 oversupply
Deutsche Bank released some market analysis, addressing the concerns of North American solar investors, who fear a potential PV oversupply is on the horizon, changes to net metering policies, and rising Chinese competition. After an extremely impressive start to 2016, when solar dominated new power generation in the U.S., North American investors have been expressing some […]
