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 the cost of producing solar electricity continues to fall, solar projects to supply these businesses are technically and financially viable — however, they are not being implemented. This is because there is a structural finance gap in sub-Saharan Africa that prevents many solar projects from having access to finance and thus being realized. But with such obvious cost benefits, why does this finance gap exist?
Leading US residential solar PV provider Vivint Solar announced earlier this week that it had closed a new round of new financing worth $811 million to be used for various debt and corporate purposes.
The European Investment Bank announced last week that in 2017 it provided €1.05 billion worth of new financing for solar energy around the world which represents the largest ever annual support for solar by the Bank, with India as the leading recipient for solar financing.
The combination of falling prices and rising interest put rooftop solar on a strong trajectory. But even as solar goes mainstream, it’s tough for consumers to tell which installer, which panels, and which financing is right for them.
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.
Corporate solar funding across the first half of the year reached a total of $4.6 billion according to new figures from energy communications and consulting firm Mercom.
Back in 2008, the U.S. Department of Energy recognized Milwaukee as a budding leader in the movement to promote solar power at the local level. Nearly a decade later, the city’s success in promoting solar remains handcuffed by an investor-owned utility fighting progress in favor of the status quo.
Mosaic, one of the United States’ leading solar financing solutions, announced it had closed on $200 million in financing for residential solar in the US. One of the leading providers of “affordable solar financing solutions for homeowners,” Mosaic announced on Wednesday that it had closed on an “up to $200 … [continued]
By Mouli Vaidyanathan, PhD, PE, CEM, Founder of Mouli Engineering Inc. Solar electricity is being promoted as an alternate energy source. Conventional dirty (coal) grid power is being phased out. The promotion appears environmentally cleaner and to favor a new technology. How much of this promotion is for “being clean & … [continued]
