By Kelly Pickerel kWh Analytics, the market leader in solar risk management, today announced that it structured a Solar Revenue Put for a portfolio of 4,000 projects totaling approximately 30 MWDC of capacity located in the Northeast, Florida and California. The facilities are being developed and managed by IGS Solar, a residential and commercial solar…
By WPED Staff BayWa r.e. Wind announces that it has secured a tax equity commitment from a consortium led by GE Energy Financial Services for its 250-MW Amadeus Wind project located north of Rotan, Texas. The project has also executed a hedge agreement with Morgan Stanley and, in the most difficult market since the financial…
By [email protected] U.K. developer Solarcentury sold its residential solar business to the Swedish firm SVEA Solar and continues to look for a buyer for its utility-scale operations. While the residential market accounted for only 10 percent of Solarcentury’s total revenue, it included a high-profile partnership with furniture retailer Ikea. SVEA now adds the franchises in…
By [email protected] Utility-scale wind farms can do a lot more than just feed electricity into the grid. Could unlocking their ability to provide ancillary grid services help to stimulate California’s moribund wind market? In tests conducted at the Tule wind farm in San Diego County last year, California’s grid operator determined that the project could…
By Robin Lancaster Lenders approve Suzlon debt restructure Read Full Article Here For more great articles: reNEWS – Renewable Energy News
By [email protected] (Bengt Halvorson) As gas prices plummet toward the $2-per-gallon mark on a national level—with some regions already reporting $1 gas—forecasts are suggesting the bargain pump prices will last at least through the summer. The cheap gas, at a national-average $2.01 as of Monday morning, according to AAA, comes as a rare bit of…
By Michael Mazengarb Coalition of community groups call for additional government support for homes and small businesses under financial stress to deal with energy costs. The post Community groups call on Federal government to fund electricity bill relief appeared first on RenewEconomy. Read Full Article Here For more great articles: Renew Economy
By Brian Wang Tesla Shanghai factory experts and key investors exchanged conference calls and the production level information from the call from Shengang Securities was obtained by Ranjing Finance, on March 1, 2020. Current production capacity of the first phase of the Tesla Shanghai plant is 2,000 units per week, with single shifts per day…
By The Energy Mix pxhereIn a major shift, South Korea’s governing party has pledged to adopt a Green New Deal and achieve carbon neutrality by 2050, with a recently-introduced plan that includes a carbon tax, a phaseout of financing for domestic and overseas coal projects, and accelerated support for renewable energy.“If the plan goes through,…
By Giles Parkinson Neoen says delays at Bulgana wind and storage facility not fully covered by liquidated damages, and it will start to suffer some financial pain soon. The post Neoen to take financial hit from delays to big wind and storage project appeared first on RenewEconomy. Read Full Article Here For more great articles:…
By Michael Mazengarb Tilt Renewables confident it will manage Covid-19 impacts with little interruption, but ongoing network challenges cause a slight dent to anticipated earnings. The post Tilt Renewables carries on under Covid-19, but network issues dent revenues appeared first on RenewEconomy. Read Full Article Here For more great articles: Renew Economy
By [email protected] SunPower on Wednesday announced several belt tightening measures and slashed executive salaries, citing uncertainty related to COVID-19. The company said the efforts would save up to $50 million as it navigates an unpredictable 2020. The distributed solar and storage company also withdrew the guidance it offered in February for full year 2020, with…
By [email protected] The next decade is expected to be another one defined by inexpensive power supply in North American power markets. Competition among renewable power developers will be fierce, and cheap capital will be plentiful. In this context, renewable energy developers, project financiers, utilities, and commercial and industrial offtakers need to be wary of several…
By [email protected] The U.S. Senate reached an agreement on a $2 trillion coronavirus stimulus bill early Wednesday morning, but the package does not include the tax credit extensions and direct pay provisions sought by the wind and solar industries to help them weather the supply-chain and economic disruptions caused by the global pandemic. Clean-energy industry…
By [email protected] Global revenue for home electric heating, cooling and cooking equipment could increase by more than five times by the end of the decade. The surge in spending on all-electric homes is expected even though many consumers are unfamiliar with the natural-gas-displacing electric appliances on the market today. Around 70 million American homes burn…