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.
News Analysis: Installations crater in Hawaii after incentives gutted
In 2015, Hawaii’s Public Utilities Commission eliminated the state’s net-metering incentive. Since then, the number of permits pulled on Oahu for solar installations has plummeted, reaching a new low in 2017 of only 449.
Sunrun powers Wisconsin “Forward”
The Badger State becomes the first in the Midwest to attract the attention of a national residential company to power the homes of the state.
Sunrun grows, captures more market share in 2016
The third-party solar company’s quarterly results show its 2016 deployments growing at double the rate of the U.S. residential market, as Sunrun begins offering energy storage and changes its relationship to utilities.
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%.
APS settles rate-case dispute with solar industry
The compromise between the state’s largest utility and the solar industry guarantees Arizona’s current solar customers will be grandfathered at full retail net-metering rates for 20 years from the date of interconnection.
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.
Sunrun partners with National Grid to spread solar
The agreement includes a direct investment of $100 million by the utility to fund 200 MW of solar projects across the installer’s national portfolio.
Sungevity loses acquisition partner, access to public capital
Easterly Acquisition Corp., who was supposed to provide Sungevity access to public-market funds, has cancelled the proposed acquisition it announced in June.
