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...
EnergySage and Green America Join Forces to Give U.S. Residents the Power of Choice When Evaluating Solar Energy Adoption
Partnership Equips Consumers with Single, Vendor-Neutral Resource for Comparing Solar Systems, Installers and Financing Options as Well as Getting Lowest Price Quotes
Inclusion in the Index Enables Exposure to Broader Group of Investors
At REFF-Wall Street, Industry Leaders Highlight the Maturation of Renewable Energy Capital Markets as Traditional Energy Sectors Transform
Speakers and attendees of the premier renewable energy financing event explore the next phase of clean energy financing from community-scale projects to storage to new utility business models
Spero Energy Inc. has received a two-year Phase II SBIR grant from the U.S. Department of Energy totaling $1 million.
SunLink Corporation has engaged Silicon Valley Bank (Nasdaq: SIVB) to provide a new line of credit and other financial services in support of the company's continued expansion.
SBG Cleantech will invest in solar and wind energy projects to promote clean and safe energy
NRG Yield Enters into Agreement to Acquire Interest in Largest Operating Solar Farm in North America
Desert Sunlight acquisition to increase contracted solar portfolio by 137.5 megawatts
ORENDA ENERGY SIGNS DEAL WITH CHINESE INVESTMENT ADVISORY FIRM TO BROADEN ASSET PORTFOLIO FOR HIGH NET WORTH CLIENTS
Orenda Energy Solutions, a turbine manufacturer for the global medium distributed wind industry, has signed a major trade agreement with one of China's leading boutique investment advisory firms to implement a planned financial growth strategy of investment through the purchase of Orenda's 51kW medium wind turbines for its high net worth clientele.
RET Capital's lead investor is BlueMountain Capital Management, LLC, an investment firm focused on the global credit markets and equity derivatives markets.
MPrime, a subsidiary of Martifer Solar, has announced a simple, fast and reliable trading B2B platform, developed specifically and only for professionals
Circular Energy, a provider of sustainable energy solutions and solar power for the commercial sector, is pleased to announce that it has completed a round of Series A funding. Circular Energy's mission is to help organization's procure electricity more affordably, focusing on renewable energy solutions, innovative electricity products and energy intelligence. The Company plans to use the funding to support their accelerating growth including recent expansions into new markets.
Acquisition creates established pan-European footprint for SPI's global PV wholesale distribution platform
RE-volv is a nonprofit organization whose mission is to empower people and communities to invest collectively in renewable energy. RE-volv finances solar energy projects for nonprofits and worker-owned cooperatives that serve their community through a 20 year solar lease agreement.
The power will be sold under the province's Feed-In-Tariff program.
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Soiling of the panel glass is one of the major problems in the rapidly expanding solar energy market, with the attendant loss of efficiency and reduction in performance ratios. Now, there's a new, simple and very cost-effective alternative. Based on Kipp & Zonen's unique Optical Soiling Measurement (OSM) technology, DustIQ can be easily added to new or existing solar arrays and integrated into plant management systems. The unit is mounted to the frame of a PV panel and does not need sunlight to operate. It continuously measures the transmission loss through glass caused by soiling, so that the reduction in light reaching the solar cells can be calculated.