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…
By [email protected] In its latest New Energy Outlook, Bloomberg New Energy Finance (BNEF) describes a world where the energy system looks fundamentally different from today. But that doesn’t mean natural gas won’t have a place.While renewables will dominate the generation mix, Seb Henbest, lead author and BNEF’s head of Europe, Middle East and Africa, said…
By [email protected] The Internal Revenue Service released a new guidance Friday that establishes when the construction of a solar facility starts to qualify for the solar Investment Tax Credit (ITC). The guidance, Notice 2018-59, provides two methods for determining the “commence construction” date: 1) starting physical work of a significant nature or 2) meeting the…
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):…
By Robin Lancaster Financial swap deal covers 80% of output from 300MW Talasol solar farm Read Full Article Here For more great articles: reNEWS – Renewable Energy News
Wallace Cosgrow, Seychelles’ Minister of Environment, Energy and Climate Change, has launched a tender for the right to develop, finance, own and operate a 4MW floating PV project in le Rocher Lagoon, Mahé. Read Full Article Here For more great articles: PV-Tech
The Enel Group and Zambia’s Industrial Development Corporation (IDC) signed off on a financing agreement for around US$34 million for the construction of the 34MW Ngonye solar plant in Zambia. Read Full Article Here For more great articles: PV-Tech
Sonnedix Japan K.K. has reached financial close on a US$126 million non-recourse debt facility with MUFG Bank for the 46.6MW Tono PV project. Read Full Article Here For more great articles: PV-Tech
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…
By [email protected] German bank NordLB to provide €58 in debt funding for 11-turbine site Read Full Article Here For more great articles: reNEWS – Renewable Energy News
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…
By Joshua S Hill Bloomberg New Energy Finance released its latest New Energy Outlook report for 2018 and it’s good news for the renewable energy industry, with wind and solar expected to grow to almost 50% by 2050, coal to shrink to 11% of global electricity generation, and batteries to increase in popularity as prices…
Genex Power has announced that the Northern Australia Infrastructure Facility (NAIF) Board has supported a financing structure for Genex’ Kidston State 2 Project through the provision of an indicative term sheet for a long-term concession debt facility of up to US$382 million. Read Full Article Here For more great articles: PV-Tech
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…
PV project developer and operator ReneSola announced that Sequoia Economic Infrastructure Income Fund has agreed to extend senior debt facility to US$41.6 million for ReneSola’s 55MW pipeline of PV plants in Poland. Read Full Article Here For more great articles: PV-Tech