By Kathie Zipp Hawaii Governor David Ige signed into law SB 2939, which reforms the century-old model for how investor-owned electric utilities get paid. The law links future utility revenues, in the form of performance incentives or penalties, to performance metrics. This includes incentives for Hawaiian utilities to connect more customer-sited solar and battery systems….
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…
By Kelly Pickerel The Schletter Group is reorganizing its business in the United States. The U.S. subsidiary Schletter Inc., based in Shelby, North Carolina, has filed for Chapter 11 proceedings in order to sort out its current financial situation. Business activities are to be continued in close cooperation with clients and creditors. “Filing for Chapter…
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…
By Robin Lancaster Renewables revenue up 9.3% in Q1 2018 from same period last year Read Full Article Here For more great articles: reNEWS – Renewable Energy News
By Richard A. Kessler in Fort Worth Chicago-based company alleges that it has suffered significant financial losses after Polish state utilities nullified power purchase agreements Read Full Article Here For more great articles: www.rechargenews.com
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…
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…
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…
By Richard A. Kessler in Fort Worth The financing will focus on companies and projects that directly support the transition to a low-carbon economy Read Full Article Here For more great articles: www.rechargenews.com
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…
By National Wind Watch Intervenors to the Antrim Wind Energy project want the Site Evaluation Committee to suspend the construction certificate it approved for the project. In a request for declaratory judgment, 104 petitioners want regulators to address financing issues and if the sale of the project to a Canadian firm would impact the validity…
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
By [email protected] Commercial solar financier Wunder Capital announced Wednesday the close of its Series B financing, with a $112 million equity and debt raise led by New York investment firm Cyrus Capital Partners. Cyrus Partner John Rapaport will join Wunder’s board of directors. John Witchel, co-founder of peer-to-peer lender Prosper, will join the company’s advisory…
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…