By [email protected] Once bustling with PV research and manufacturing, Germany’s “Solar Valley” fell quiet in recent years as China gained control of the global PV manufacturing sector. But the fabled valley may soon spring back to life. Switzerland’s Meyer Burger, a long-time supplier of high-tech machinery to solar manufacturers, has acquired a former SolarWorld factory…
By Blagojce Krivevski Rivian has closed an investment round of $2.5 billion. The financing was led by funds and accounts advised by T. Rowe Price Associates, Inc. “We are excited to continue this journey with Rivian’s innovative and talented team as they now prepare to deliver their groundbreaking products that help shift to a carbon-neutral…
By Kelsey Misbrener Longroad Energy, a U.S.-based renewable energy developer, owner and operator, announced the financial close and sale of the Muscle Shoals Solar project, a 294-MWDC project located in Colbert County, Alabama. Ørsted, the global renewable energy company, acquired the project at financial closing. Muscle Shoals Solar, the largest renewable energy project in Alabama,…
By FORESIGHT Contributor Energy systems across the world suffered a shock as the Covid-19 health crises forced carbon-intensive industries, aviation and other transport, to a virtual standstill. The effects of the slowdown could result in a stiff test for renewables competitiveness, argues Juan Alario from GNE Finance The pandemic caught EU countries by surprise. The…
By Billy Ludt Standard Solar, a solar energy company specializing in the development and financing of commercial solar electric systems nationwide, has closed a tax equity commitment for up to $105 million to finance distributed generation (DG) solar projects in Arizona, California, Massachusetts, New York and Rhode Island. “Completing this tax equity deal demonstrates both…
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By Billy Ludt The State University of New York at Fredonia (SUNY) is starting construction on its first solar/battery project, enabling the Chautauqua County campus in Western New York to reducing its carbon footprint with energy efficiency and renewable energy technology. “This project underscores Fredonia’s commitment to environmental stewardship. The solar array will provide significant…
By [email protected] As one of the first investors in the U.S. solar market, Brad Bauer’s led teams to “boldly go where no one has gone before.” In his 15 years working in renewables, Bauer co-founded one of the industry’s first private yieldcos, raised nearly a billion dollars for one of solar’s brightest burning stars and…
By Robin Lancaster IRENA forges UAE sustainable finance pact Read Full Article Here For more great articles: reNEWS – Renewable Energy News
By Billy Ludt O3 Energy and UPower Energy are moving forward with a 7.5-MW utility-scale solar portfolio in Texas that is being financed by AVANA Capital. This portfolio gives five Texas rural electrical co-ops the ability to offer renewable energy via solar power to thousands of residential and commercial customers throughout Central and West Texas….
By FORESIGHT Contributor The fiscal response to the Covid-19 crisis is an opportunity to establish a green economy but finance ministers across the globe need to coordinate their actions for the biggest impact, says Dileimy Orozco from E3G The size and scale of the economic response to address the Covid-19 crisis will inevitably shape the…
By Brian Wang There is a company called Nikola which claims they will sell semi-trucks using hydrogen. Amazingly, with virtually no revenue and no vehicles made, Nikola is worth over $22 billion. They say they will lease the vehicles and get hydrogen for $2 per kilogram. Most have the lowest cost of hydrogen at about…
By Giles Parkinson Genex extends deadline for debt financing deal as it seeks to land an equity partner for Kidston pumped hydro project and lock in transmission agreement. The post Deadline extended for Kidston storage project as it seeks equity and transmission deals appeared first on RenewEconomy. Read Full Article Here For more great articles:…
By Joshua S Hill Report reveals new-build renewable energy is already cheaper than already operating coal plans across much of the planet, and sets out a plan for a just transition. The post Global transition from coal to clean energy has reached a financial tipping point appeared first on RenewEconomy. Read Full Article Here For…
By FORESIGHT Contributor Making buildings greener and more energy efficient makes environmental and economic sense if the right financing solutions are used, says Thomas Geiselbrecht, Financing Solution Partner, Siemens Financial Services The digital transformation of buildings has experienced strong growth and sales of smart-building technology is predicted to increase in the region of 30% a…