By Kelsey Misbrener Standard Solar has completed a seven-site solar project for Flushing Community School District in Flushing, Michigan. In a first-of-its-kind public-private partnership, Standard Solar designed, built, financed and will operate and maintain solar arrays at all seven schools within the Flushing Community School District. The renewable energy generated by the 956.8 kilowatts of…
By [email protected] Batteries paired with solar plants have gained momentum in sunny locales, but a market for shifting wind generation using battery storage has so far failed to materialize. Developer GlidePath Power Solutions, however, sees a path forward for wind-plus-storage in one of the country’s most competitive power markets, announcing the acquisition of 149 megawatts…
By [email protected] Anyone watching the recent explosion of demand for renewable power from corporations like Facebook, Walmart and even ExxonMobil will have wondered: How far can this go? Much, much further, is the short answer. For all its recent gains, the corporate renewables market is likely in its very early innings, according to a new…
By Kelly Pickerel Energetic Insurance has entered the solar industry, announcing the first solar PV project that uses its EneRate Credit Cover policy. The insurance policy backstops payment default risk on commercial solar projects, which enables project developers to obtain affordable financing by providing confidence and certainty in project cash flows. The 800-kW carport project…
By Marco Scarpellino These are indeed interesting times to live in!The Business Roundtable (a group with 200 members generating $7tn in annual revenue) has just dropped the “shareholder primacy” creed (after decades) and has placed the shareholders as one of five stakeholders together with customers, workers, suppliers, and communities. According to the document “Companies should…
By [email protected] Sunnova finished its first quarter as a public company with a net loss grazing $50 million, which the company attributed to several factors including $1.3 million in initial public offering-related costs and $11.6 million in depreciation expenses. Despite the loss, the company noted positive adjusted EBITDA, 27 percent year-over-year customer growth and 20…
By Alexandre Spatuzza The 15-year project financing will be used to build the 38MW Vientos de Necochea wind farm with Vestas turbines Read Full Article Here For more great articles: www.rechargenews.com
By [email protected] Solar and wind sent European utilities into financial disarray, and U.S. utilities are facing a similar fate. Are global oil companies next? A new report from one of the world’s biggest banks, BNP Paribas, says that solar and wind paired with electric cars provide up to seven times more useful energy for mobility…
By [email protected] A high-profile solar-homebuilder partnership has emerged from the flurry of activity surrounding California’s new solar home mandate, which goes into effect in 2020. Residential solar provider Sunnova and PetersenDean, a California-based company that installs roofs and solar, will work together on solar and storage leases and power purchase agreements in the state. California’s…
By [email protected] Denmark’s Vestas, the world’s largest wind turbine supplier, reported a sharp decline in profit during the second quarter, as the cascading trade war weighs on the global renewable energy supply chain. But Vestas noted several bright spots for its business, including rapid revenue growth at its offshore wind and services units. Vestas posted…
By Michelle Froese The North American Development Bank (NADB) has published the impact results of its first green bond, issued in 2018. The bond’s total net proceeds of US$126.4 million were used to finance or refinance six renewable energy projects in the U.S.-Mexico border region. All bond proceeds were allocated as of December 31, 2018,…
By Andrew Lee Auditor says Indian wind group has lodged resolution plan based on revised offer from potential investor Read Full Article Here For more great articles: www.rechargenews.com
By Matt Chester Important for the clean energy transition– talk to people in the language they understand. Whether that’s personal financial gain, national security, environmental/climate action, or otherwise, there’s lots of good reasons Click headline for full article Read Full Article Here For more great articles: The Energy Collective – The world’s best thinkers on…
By Michelle Froese Becky Diffen Norton Rose Fulbright announced that it has expanded its renewable energy capabilities in Texas with the addition of partner Becky Diffen and senior counsel Sam Porter to the global law firm’s Austin office. Diffen and Porter arrive from McGuireWoods, where Diffen served as chair of the firm’s renewable energy practice….
By [email protected] This year is on track to be another record-setter for corporate renewables purchases, and while the U.S. is still the engine driving the market’s growth, China is now on the horizon. So far in 2019 companies have signed deals for 8.6 gigawatts of clean energy globally, according to the latest numbers from Bloomberg…