SolarCity Corp. today announced that it has completed what is reported to be the first securitization of distributed solar energy assets. SolarCity completed a private placement in the amount of $54,425,000 with an interest rate of 4.80% and a scheduled maturity date of December 2026. "This transaction is a breakthrough and will pave the way for others, but its greater significance is the validation of the quality of SolarCity's assets," said Bob Kelly, SolarCity's chief financial officer. "SolarCity lowers what is typically the highest operating cost for households and gives them long-term control over that cost. Customers highly value those attributes, and that's why these assets perform so well." SolarCity's pool of solar contracts received an investment grade rating of BBB+ from Standard & Poor's. The rating reflects the predictability and quality of the cash flows and the minimal operation and production risk of solar assets. Distributed solar is one of the first new asset classes to achieve an investment grade rating in the asset back securities markets in the past several years.
14 Operators will gather to discuss their O&M strategies at the 6th International Onshore and Offshore Wind O&M Forum in Hamburg, the ‘hub' for operational wind facilities and service specialists.
A 100 megawatts solar photovoltaic plant is to be developed in Canada, making it the largest one of the country.
SEIA applauds the Georgia Public Service Commission and its staff for listening to the concerns of solar homeowners and business owners in Georgia
Very High Efficiency Solar Material Provides Unmatched Power from Indoor Light in Small Form Factors
Greensmith Energy Management Systems announces Turn-key energy storage systems (ESS) up to megawatt scale
Advanced software and integration capabilities
The project will install enough solar power so that the Toledo Zoo will not only supplement their electric use but has the potential to meet 100% of their energy requirements during peak periods.
Exploring potential to optimize existing greenhouse value with solar powered electricity
2013 exhibition proved to be a magnet for the international industry
An hydro-electric potential estimated at 44,000 MW – half of Africa's installed electricity capacity
International Standards Body ASTM Publishes E2939
UKTI and a delegation of UK companies showcase their expertise in green building and design at Greenbuild.
Spot polysilicon traded inside China is limited while polysilicon traded outside of China is still under $17/kg without obvious shortage. With some inventory on hand, polysilicon price is difficult to have any further price improvement.
Company Signs New Contract with NIPPON STEEL & SUMIKIN BUSSAN MATEX CO., LTD. for 3MW of Additional Modules
New Process Could Revolutionize Solar Energy Harvesting
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Solar & Wind - Featured Product
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