The United States’ second-largest residential solar provider, Vivint Solar, announced this week that it has received commitments for an additional $100 million of tax equity financing which will be used to support the rollout of over 55 megawatts (MW) of residential solar energy systems.
As clean energy advocates urge retirement of fossil fuel power plants, securitization has become a billion-dollar word with huge implications for who will pay for and who will own the clean energy future.
America’s third largest residential solar provider, Vivint Solar, announced its second-quarter earnings report this week in which it posted solid installations and installations but missed analyst expectations on earnings and revenue.
Total global energy investment fell by 2% in 2017, totaling $1.8 billion according to the International Energy Agency’s World Energy Investment 2018 report which was published this week, which also showed $750 billion was spent on the electricity sector, compared to only $715 billion on oil & gas supply, while investment in renewables and energy efficiency fell by 3%.
One of the world’s leading reinsurers, Swiss Re, has this week announced it will not provide re/insurance to businesses with more than 30% exposure to thermal coal across all lines of business, the latest company to tighten the screws on the future of the thermal coal industry.
Earlier this spring, the Institute for Local Self-Reliance released its 2018 Community Power State Scorecard, revealing the the best and worst states for local clean energy across the country.
The Royal Bank of Scotland announced a new suite of energy financing policies at the end of May, which are designed to substantially reduce the bank’s exposure to fossil fuel investments and includes halting project-specific financing for new coal-fired power stations, coal mines, and oil sands and Arctic oil projects.
The European Investment Bank announced on Monday $25 million in financing intended to strengthen energy access in Africa with the use of off-grid solar systems, in conjunction with d.light design, a global leader in off-grid solar power products.
Originally published at ilsr.org. Each year, the Institute for Local Self-Reliance provides a score for each state’s energy policies based on how they help or hinder local clean energy action. In 2018, 21 states had a failing grade, 17 were mediocre, 11 had a passing grade, and just 2 excelled … [continued]
Bankability is a term used in the renewable energy world to describe the likelihood that any particular technology or manufacturer will be funded by financiers. Financiers are looking at the bankability of energy storage via the technology itself and the long-term financial sustainability. Previously financiers needed to trust the revenue projections presented to them, but new software is making these predictions easier.
