JinkoSolar Partners with GreenSky® to Offer Nationwide Residential Solar Loans in the U.S.
Partnership Pairs World's 2nd Largest Solar Manufacturer with Leading Loan Provider
Distributed Energy Resources
The introduction of more DERs on utility systems and at customer sites provides support for increased reliability and resiliency, if appropriately located and properly configured.
Clean energy defies fossil fuel price crash to attract record $329bn global investment in 2015
2015 was also the highest ever for installation of renewable power capacity, with 64GW of wind and 57GW of solar PV commissioned during the year, an increase of nearly 30% over 2014.
French Biofuel Maker Is Tested by $35 Oil Despite Tax Breaks
Francois De Beaupuy for Bloomberg: Global Bioenergies SA, an unprofitable French maker of sugar-based gasoline, said oil’s recent slump to $35 a barrel is testing the financial viability of its technology even as it plans expansion in the U.S.
“The economic case doesn’t stand with oil at $35, except when there’s a tax incentive” as in various European countries and the U.S., Chief Executive Officer Marc Delcourt said in an interview. Without tax breaks, the company would need Brent crude well above $100 a barrel, he said.
Shares of Global Bioenergies, listed in Paris since 2011, have dropped more than 50 percent from their peak in May as oil’s collapse raised investor concern that biofuel makers couldn’t compete. Delcourt is counting on the end of European sugar production quotas in 2017 and changes in U.S. eating habits to keep the sweetener’s price low as it eyes additional capacity. Raw-sugar futures are trading at half their price five years ago. Cont'd...
China Finds New Funding Model to Allow Free Solar Panel Installation
Manny Salvacion for Yibada: Singapore-based real estate investment firm Redwood Group has recently launched a 248-kilowatt (KW) pilot project in China. The company also signed a power purchase agreement with New York-based solar developer UGE International and its financing partner, Hong-Kong's Blue Sky Energy Efficiency Co.
Under the Redwood deal, UGEI and Blue Sky would lease rooftop space from Redwood to operate solar panels and then sell the electricity back to Redwood, the building owner, at prices lower than grid rates.
"The time is right now for solar on rooftop in China because the cost of putting a system on the roof is becoming much more attractive," said Tianyu Sieh, chief executive of Blue Sky.
UGEI and Blue Sky have also partnered with real estate services firm Jones Lang LaSalle in China to offer the same model to its commercial clients. Full article:
SPI 2015: Tax credit sunset preoccupies a fast-maturing industry
By Herman K. Trabish for UtilityDIVE: Solar photovoltaic (PV) installed capacity is expected to reach 7.7 GW in 2015, up 24% from 2014, according to the Solar Energy Industries Association (SEIA) and GTM Research.
From July 2015 to December 2016, the report forecasts the U.S. solar PV marketwill add 18 GW, which is more than the cumulative capacity built by the industry up to the middle of 2014.
But there are some headwinds for the sector. In a sign it has reached a level of maturity achieved recently by the wind industry, solar advocates now face an uphill political battle for the industry's most vital federal incentive
The mandated term of solar's vital 30% federal investment tax credit (ITC), in place continuously since 2008, will end on December 31, 2016. Beyond that deadline, the tax credit provided at the end of a project’s first year of operation will fall to 10% for commercial investments in solar and to zero for residential solar investments.
SEIA is mounting a multi-million dollar lobbying campaign to secure a five-year extension that will get the industry to 2020, when it hopes the Clean Power Plan can take over to help boost growth. Cont'd...
Midsummer granted a loan of 10 MSEK from Almi for continued development of thin film solar cell production equipment
The loan is meant to support Midsummer's focus on production and sales of the DUO machines used for the production of flexible thin film solar cells.
Solar CrowdSource Launches First Solar Energy Program of Its Kind
New Web-based Platform Brings Solar Campaign Opportunities Together Under One Umbrella
Eco Wave Power Raises 2 Million USD in First Round of Fundraising
"This new investment is a vote of confidence in Eco Wave Power's technology, our team, and the global market potential of onshore wave energy."
Suniva to Increase U.S. Manufacturing Capacity to Over 400MW
Global clean energy provider, Shunfeng International Clean Energy, acquires majority share
Coldwell Solar Surpasses a Half Billion Dollars in Client Savings and Investor Returns
Coldwell Solar continues to focus on core business policies, customer satisfaction, and a continued pursuit for innovation in the solar power industry.
Solar3D's SUNworks Division Secures $3.5 Million Contract with CA-Based Trading Company
Company to Install Approximately 1.5-Megawatt Solar Power System for Prominent Agricultural Organization
Open Energy Finances Commercial Rooftop Solar Loans for JJR Power and Vis Solis
Open Energy simplifies the loan process, enabling more solar loans by cutting down on the high transaction costs that have hindered the growth of the commercial sector.
OneRoof Energy and Amergy Solar Collaborate to Make Solar More Accessible and Affordable in New York
Amergy Solar provides solar power to homes, businesses, governments and non-profit organizations, and received the SunPower "Residential National Top Producer of the Year" award for its outstanding sales performance as a SunPower dealer in 2014 and 2013.
Acquisition announced for solar power supplier Vivint Solar
On July 20, SunEdison, the world's biggest renewable energy development firm, along with TerraForm Power, an owner and operator of clean energy power plants, announced the acquisition of Vivint Solar, a major supplier of residential solar systems in the U.S.
The merger will be worth approximately $2.2 billion in cash as the two major solar companies acquire the residential solar firm. Additionally, SunEdison has agreed to enter a power purchase agreement with TerraForm Power. Roughly 523 megawatts of solar power will be installed by Vivint Solar by the end of 2015, which will now all be moved over to SunEdison.
Through the $922 million power agreement, TerraForm Power will install the solar panels for residential solar protections through a "10-year average levered cash-on-cash yield of 9.5 percent," the release stated. Also, TerraForm Power will obtain future small commercial solar and completed residential projects from SunEdison's Residential and Small Commercial business unit. Cont'd...
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