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The weekend read: A bump in the road for pay-as-you-go solar and self-sustainability
Two high-profile bankruptcies this year could serve as a warning for the potential pitfalls of pay-as-you-go solar. However, Marcus Wiemann and David Lecoque of the Alliance for Rural Electrification say such business models can lead to long-term success and have a key role to play in providing power to the 1 billion people throughout the world who still live without electricity.
Oct 20, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Mobisol, Solarkiosk, Marcus Wiemann, David Lecoque
Businesses emphasize necessity for Congress to increase US solar through federal policy
A letter co-signed by more than 750 United States organisations has called on US Congress to push via policies to considerably ramp up renewables implementation in the country.
Sep 9, 2021 // Policy, USA, SEIA, ITC, North America, investment tax credit, policy, congress, regulation
Engie Will Pay Storage Developers for Wholesale Market Dispatch Rights
“Everybody’s been talking about this, but this is it,” Engie Storage CEO Christopher Tilley tells GTM.
Jul 31, 2019 // Storage, GTM, Everybody, Engie Storage, Christopher Tilley, PJM's, CAISO
Canadian pension giant to buy Pattern Energy for US$6.1 billion
The Canada Pension Plan Investment Board (CPPIB) has bought US developer Pattern Energy Group in an all-cash deal valued at around US$6.1 billion.
Nov 5, 2019 // Markets & Finance News, USA, Canada, pattern energy, North America, canada pension plan investment board
Sunnova to issue US$ 425m of convertible senior notes
US domestic solar installer Sunnova intends to supply a US$ 425 million private placement of convertible senior notes due in 2028, to repay debts and also fund operating costs.
Aug 17, 2022 // Markets & Finance News, USA, Sunnova, North America, senior notes, financials, operating costs
Biden suggests 10-year ITC expansion in US$ 2tn infrastructure investment strategy
United States President Joe Biden has actually included a 10-year expansion for the Investment Tax Credit for both clean power generation and also energy storage as part of a US$ 2 trillion framework investment strategy to be revealed today.
Apr 1, 2021 // Markets & Finance News, Policy, USA, ITC, North America, investment tax credit, congress, biden, biden administration
TransAlta Renewables to get 122-MW US solar portfolio from CIP
Canadian independent power manufacturer (IPP) TransAlta Renewables Inc (TSE: RNW) claimed today it has actually consented to buy a 122-MW solar power plant portfolio in North Carolina from a fund handled by Copenhagen Infrastructure Partners (CIP).
Sep 2, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, North America, CIP, TransAlta Renewables
French Firms Innovate: Trading Tax Credits for Clean Power
Schneider Electric and Engie North America team up to boost clean power projects in Texas using innovative financing strategy. Accelerating the energy transition in the US!
Feb 21, 2024 // Markets & Finance News, Schneider Electric, ENGIE North America
Spanish solar: Acciona inks PPA as Q-Energy bags US$ 350m refinancing
2 solar players have actually safeguarded corporate as well as financial backing for their jobs in Spain, amid steps consisting of the first lasting purchase bargain for the biggest telecoms company in the nation.
Jun 12, 2020 // Markets & Finance News, Spain, pv power plants, Europe, Q-Energy, Acciona, corporate ppas, solar ppas, telefonica
GCL-Poly abandons $35m fundraising exercise
Today's announcement indicates either the board or the listing board of the Hong Kong exchange where the business is noted put a spanner in the jobs.
May 29, 2020 // Markets & Finance News, Hong Kong, GCL-Poly
Array Technologies slides to Q2 loss as weaker full year assistance is renewed, confirms US$ 500m funding raise
US solar tracker service provider Array Technologies slid to a loss in the second quarter of 2021, but has altered business procedures in order to reduce its direct exposure to future rises in product and also delivery expenses.
Aug 13, 2021 // Manufacturing News, Markets & Finance News, USA, North America, Array Technologies, Jim Fusaro
Portugal reveals winners of record-breaking solar auction
Portugal has unveiled the final results of the solar auction held over the summer, identifying a handful of major foreign winners of a tender hailed as a worldwide milestone.
Aug 8, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Tariffs, Portugal, Iberdrola, tender, Europe, iberia, solar auction, akuo
Behind the surge of US utility-driven solar
As the US turns in the direction of a presidential political election that will quite choose the nation's path for the next four years, federal plan in the direction of renewables as well as, certainly, climate action generally, hangs in the balance.
Oct 5, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, UTILITY-SCALE SOLAR, Trump, North America, biden, utility solar, Devashree Saha
GoodLeap elevates US$ 800m, brings overall worth to US$ 12bn.
United States residential solar financier GoodLeap has elevated US$ 800 million to expand right into the broader market for lasting house enhancement, other carbon-reducing products as well as later industrial offerings and also electrical vehicles (EVs).
Oct 18, 2021 // Residential, Markets & Finance News, USA, North America, GoodLeap
US introduces US$ 45m in funding for solar and also integration projects
The US Department of Energy (DOE) will certainly reserve US$ 45 million to develop technology that will enable businesses to bring "big amounts of solar" onto the grid.
Dec 17, 2020 // Markets & Finance News, USA, North America, funding, Dan Brouillette, doe, solar hardware