SolarCity Completes Industry's First Securitization of Distributed Solar Energy

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.

O&M cost strategies revealed to Europe's wind industry

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.

Canada: New solar plant project

A 100 megawatts solar photovoltaic plant is to be developed in Canada, making it the largest one of the country.

SEIA Applauds Decision to Abandon New Solar Fee in Georgia

SEIA applauds the Georgia Public Service Commission and its staff for listening to the concerns of solar homeowners and business owners in Georgia

ALTA DEVICES TO ENABLE SELF-POWERED INTERNET OF THINGS

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

Nextronex Inc. Announces Toledo Zoo New Solar Project

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.

Solar Frontier Tests Solar Greenhouse on Fukushima Farmland

Exploring potential to optimize existing greenhouse value with solar powered electricity

INTERSOLAR INDIA 2013: A COMPLETE SUCCESS

2013 exhibition proved to be a magnet for the international industry

DRC Inga mega hydropower plant implementation advances with AfDB support

An hydro-electric potential estimated at 44,000 MW – half of Africa's installed electricity capacity

Black & Veatch Consultant Leads Development of First Standard for Predicting Solar Plant Capacity

International Standards Body ASTM Publishes E2939

UK Companies Bring Green Building Know How to North American Market

UKTI and a delegation of UK companies showcase their expertise in green building and design at Greenbuild.

PVinsights: polysilicon prices keep the momentum of the continuous slight drop this week.

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.

ReneSola Completes Delivery of Virtus II (R) Modules for Uenohara Mega Solar Project in Japan

Company Signs New Contract with NIPPON STEEL & SUMIKIN BUSSAN MATEX CO., LTD. for 3MW of Additional Modules

Two for One in Solar Power

New Process Could Revolutionize Solar Energy Harvesting

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Solar & Wind - Featured Product

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