Tagged Finance

French Court of Audit slams green schemes #FRA

By National Wind Watch Renewable energy support schemes are not effective in driving the country towards its climate objectives, despite their significant costs, according to a new report from France’s Court of Auditors. The report by auditors was to a finance committee meeting at the French senate last week. It noted the spending on mechanisms…

Performance-Based Ratemaking Becomes Law in Hawaii

By [email protected] Hawaii Governor David Ige signed a bill into law Tuesday that reforms the century-old electric utility business model, to better align utility ratemaking processes with the integration of renewable energy resources. The Ratepayer Protection Act (SB2939) sets a 2020 deadline for the state Public Utilities Commission to establish different incentives and penalties that…

Standard Solar completes 2-MW array for Maryland laboratory

By Kelly Pickerel Standard Solar has completed a 2-MW solar array at the University of Maryland Center for Environmental Science’s (UMCES) Horn Point Laboratory. Standard Solar and UMCES partnered to develop a solar project designed to significantly reduce UMCES’ environmental footprint. “As a research institution committed to understanding and the protecting the environment, we must…

Wells Fargo funds more of NextEra’s Pacific Plains wind projects

By Michelle Froese Wells Fargo has completed $70 million in tax-equity funding for the Pacific Plains wind projects, including facilities in Indiana, Nebraska, and California. Over the past decade, Wells Fargo has teamed with NextEra Energy on 14 wind projects throughout the U.S. that will collectively generate more than 5 million megawatt-hours (MWh) of clean…

New control strategy helps reap maximum power from wind farms

Researchers have developed a way to extract more power from the wind. The researchers used supercomputers at the Texas Advanced Computing Center to filter out the effects of turbulence and apply control algorithms that can better manage the operation of wind farms. The approach has the potential to increase wind power generation by 6-7 percent…

An intro to S&P Global Ratings’ Green Evaluation

By Paul Dvorak Mesa La Paz expects to issue in the short term new senior secured bonds for a total amount of $303 million with final maturity in December 2044 under a project-finance structure. S&P Global Ratings’ Green Evaluation is a relative ranking of a financing’s green quality that lets S&P Global Ratings explicitly comment…

Eolus Vind’s quarterly profits up 66%

SWEDEN: Developer Eolus Vind made a SEK 35.9 million (€3.45 million) profit during a busy quarter between 1 December and 28 February, it has announced. Read Full Article Here For more great articles: Wind Power News & Analysis RSS Feed

Wunder raises $112 million for commercial solar financing

By Kelly Pickerel Wunder Capital has raised $112 million in equity and debt financing to accelerate the growth of the company. The Colorado-based company, which connects individual and institutional investors with large-scale solar energy projects in need of financing, will use the funds to scale its platform further and strengthen its position as the market…

© 2014 RenewaNews