MEMC’s SunEdison Sells 98 MW of Solar PV Projects in Europe
SunEdison’s asset sales and service agreements raise cash and secure an income stream as it looks to weather tough market conditions and continue expanding. […]
Renewable Energy Finance
Westinghouse Solar to Ship “Plug n’ Play” DIY Solar Panels Down Under
Merging with CBD Energy, Westinghouse Solar is to ship its Instant Connect solar panels “Down Under,” where rooftop solar is growing faster than grid operators can handle.
UK’s Lincs JV Secures $662mm Project Financing for 270-MW Offshore Wind Farm
Centrica plc-DONG Energy-Siemens Project Ventures GmbH joint venture Lincs Wind Farm Ltd. has secured non-recourse project finance facilities of GBP425 million ($662.15 million) for their 270-MW Lincs offshore wind farm.
E.ON Climate & Renewables Secures $150mm for Illinois Wind Farm
Some welcome news on the US wind energy front: E.ON Climate & Renewables North America on June 4 announced it has secured $150 million of institutional equity financing for its 150MW Pioneer Trail Wind Farm from Bank of America Merrill Lynch.
Solar Energy Momentum Building in the Middle East as Qatar Banks Finance $1.1 Billion Polysilicon…
Local banks have come together to finance Qatar’s first solar-grade polysilicon production plant, a planned $1.1 billion, 8,000-metric-ton facility being built by Qatar Electricity and Water (QEWC), and Qatar Solar Technologies (QSTec), a joint venture of the Qatar Foundation that supports efforts to transform the Gulf Coast country’s economy from a carbon-based to a knowledge-based one.
Indian Wind Energy World Leader Fights for Survival
Wind and renewable energy have been growing rapidly worldwide, but for industry leaders, including India’s Suzlon, financial sustainability remains elusive. Encouraged by its recent results, a large group of banks has pledged to loan Suzlon enough money for it to cover looming bond redemptions.
Japanese Retail Investors Fund ADB Clean Energy Projects
There are signs that there’s healthy demand on the part of retail and professional private sector investors, particularly in Japan, in helping finance the transition to clean, renewable energy. Through Nomura International, the Asian Development Bank last week sold a second, $339 issue of Clean Energy bonds in various foreign currencies to Japanese retail investors.
Solar Energy Securitization on the Horizon as Industry Players Look for New Finance Vehicles
The recent U.S. residential housing and mortgage market collapse gave securitization a bad name, but the practice of aggregating and dicing up residential solar PV system leases and commercial solar power purchase agreements (PPAs) is bound to play a role in solar and renewable energy finance going forward.
Wells Fargo’s Lofty Green Economy Goals: $30+ Billion for Renewable Energy, Community Environmental Initiatives
Testament to financial industry players’ growing commitments to financing renewable energy, clean technology and environmental initiatives, the San Francisco banking and financial services group intends to make $30 billion in “green economy” loans and investments and a lot more…
Pennsylvania Considers Raising Renewable Energy Target after Solar Demand Surge
Pennsylvania House legislators are considering a bill that would speed up the rate at which utilities are required to add solar power capacity to their distribution systems in an effort to avoid a “boom, bust, boom cycle” following a surge in solar energy systems demand that has already seen installed solar PV capacity grow to more than 3x the state’s 2020 target.
