Tagged Finance

While offshore wind gets developed, Texas will likely stay onshore #TX

By National Wind Watch One of the world’s largest power companies is planning to pump $1 billion into new wind projects in Texas, confirming the state’s place as the nation’s largest producer of wind-driven energy. The Spanish utility Iberdrola says the money will finance new wind farms with a combined generating capacity of 700 megawatts…

SEIA says IRS’s ITC guidance will help solar projects take off

By Kelsey Misbrener The Internal Revenue Service (IRS) released guidance establishing when construction starts for solar projects under tax law, allowing developers to invest with confidence in new solar projects. The guidance, Notice 2018-59, provides two methods to establish when construction of a solar facility starts to qualify for the solar investment tax credit (ITC):…

Open Energy launches first lending exchange for commercial solar developers

By Kelly Pickerel Open Energy, an innovative solar financing solutions provider, has launched the first lending exchange for commercial scale solar developers and installers. The Open Energy Finance Exchange gives developers access to more than $5 billion of U.S. solar financing capacity – a lending pool capable of doubling the current annual commercial solar sector…

New ACORE campaign aims for $1 trillion in U.S. renewable investments

By Michelle Froese “The Future of U.S. Renewable Energy Investment: A Survey of Leading Financial Institutions,” collected data and insights from senior-level respondents across banking institutions, asset managers, private equity firms and other financial firms that together represent approximately one third of annual U.S. renewable energy investment. Download the report here. The American Council on…

ReneSola sells 6.75-MW North Carolina project to Greenbacker

By Kelly Pickerel Project developer and operator ReneSola announced the closing of the sale of its utility-scale project located in North Carolina, United States to New York-based Greenbacker Renewable Energy Company. The North Carolina project has a capacity of 6.75 MW and represents ReneSola’s second project sale to Greenbacker, following a successful sale of a…

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