While SRECs can represent a valuable financing option for your solar installation, it would behoove you to do your homework to figure out what your state's SREC market looks like currently, as well as what it looked like in the past.
Lawrence Berkeley National Laboratory analysis offers evidence that innovative financing mechanism prompted thousands of California homeowners to go solar
Climate Action: The mega project will cover approximately 890 acres (365 hectares) - an area equivalent to more than 400 football pitches.
Roger Aitken for Forbes: Members of the market place can have their solar cells installed and rented to hospitals, factories, schools and rural communities in Africa and the Middle East, earning them income from solar powering the developing world.
Chris Martin for Bloomberg: The U.S. Energy Department awarded $46.2 million in research grants to improve solar energy technologies and reduce costs to 3 cents per kilowatt-hour by 2030.
The program is primarily in concert with five leading funding sources, two of which are large utility backed power generation companies and the other three of which are leading IPPs.
Christoph Steitz for Reuters: Europe's embattled solar power industry has been dealt a fresh blow, with cut-price competition from China driving Germany's SolarWorld into insolvency.
The fast growing residential solar financing provider expands an existing partnership; will fund loans for 20,000 homeowners
Nichola Groom, Reuters: Tesla's SolarCity reported a drop of nearly 40 percent in solar installations for the first quarter on Wednesday, the latest sign of a reversal in fortunes for the once high-flying residential solar industry.
Andy Colthorpe for Energy Storage News: Project funding for energy storage jumped to US$820 million in 2016 from just US$30 million in 2015, while Sonnen was revealed as the energy storage company to raise the most VC funding this year. The latest quarterly report from Mercom Capital on financial activity in battery storage, smart grid and energy efficiency wraps up the results for the entirety of 2016. It found that during the year, energy storage companies raised US$820 million in project funding across seven deals, compared to US$30 million across three deals in 2015. The majority of this project funding, US$625 million, was raised in the third quarter of the year and included Tabuchi America netting US$300 million for residential work and Advanced Microgrid Solutions with US$200 million of project financing from Macquarie Capital. Cont'd...
A customer can subscribe to as little as single panel or enough to zero-out their utility bill.
StartEngine is a website that allows companies to raise capital by exchanging capital for securities (equity or debt). Rather than asking friends, family and fans to donate money to help raise funds, StartEngine enables companies to raise capital by offering investment opportunities to the general public.
If storage costs can demonstrate price reductions comparable to what we've experienced with wind and solar, storage will be a big part of the story.
Mark Lammey for EnergyVoice: A major bank’s decision to throw its weight behind a floating solar power scheme shows the sector is rich with commercial potential, bosses at engineering consultancy OST Energy said. OST acted as technical adviser for Royal Bank of Scotland (RBS) during the early stages of the project to bring Europe’s largest floating photovoltaic solar project to financial close earlier this year. The 6.3 Megawatt peak (MWp) array, installed by Lightsource Renewable Energy, is the first project of its kind to secure European bank financing. It now provides a source of clean energy to water utilities company, Thames Water, on the Queen Elizabeth II reservoir west of London. Thames Water will buy all energy generated by the project as part of a power purchase agreement (PPA) with Lightsource. Cont'd...
Borrowers may underestimate the extent to which they need to be prepared before soliciting project financing. There are six key documents essential for obtaining capital for financing any solar project.
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