Sunnova uses portfolio to secure $615 million in funding
With the help of Credit Suisse, the residential solar company’s lease/PPA portfolio allowed it to close one of the largest funding rounds in the asset-backed securities market.
BREAKING: Court approves Sungevity sale to Northern Pacific
A Delaware bankruptcy court judge yesterday approved the $50 million sale of the residential solar installer to private equity firm Northern Pacific Group.
Gulf Power withdraws plans for fixed-charge hike in Florida (with a chart)
In what solar advocates are hailing as a victory for consumers throughout the Sunshine State, the Pensacola-based utility has settled on a new rate plan. The compromise now must be approved by the state’s Public Service Commission.
Tesla to issue $1 billion stock & convertible bond offering
The EV, solar and battery company has filed to issue $750 million in convertible notes and another one million shares of stock in advance of its Model 3 roll-out.
Kaua’i to meet 1/4 of power needs with solar thanks to Tesla system (with video)
The island is a view into what a future with high penetrations of renewable energy will look like.
Residential solar ownership now outpaces leasing (with charts)
According to new data by GTM Research, the ratio of solar leases and PPAs to full ownership flipped in the fourth quarter of 2016, when fewer than half of all new residential solar systems were operating under third-party arrangements – down from its 2014 peak of 72%.
SolarCity drags down Tesla’s Q4 results
The EV, battery and now solar company fell into the red in Q4 concurrent with the acquisition of SolarCity, as it begins making batteries at its Gigafactory and prepares for Model 3 roll-out.
Borrego Solar claims 76% growth in 2016
The company says its leadership in New York and Massachusetts provided the biggest boost to the installer’s bottom line.
SolarCity brand to disappear
Along with changing its name from Tesla Motors to Tesla Inc. the electric vehicle and battery maker will eliminate the SolarCity brand.
Renewable energy advocates slam utilities for slow progress under REV
Comments filed by AEEI and SolarCity on the Supplemental Distribution System Implementation Plan (DSIP) say utilities should do more to get ready for and assist with the integration of distributed renewables and storage, and AEEI says utilities should go back to the drawing board.
