By Billy Ludt Energy Impact Partners (EIP), an utility-backed energy investment firm, announced that it has provided up to $20 million in financing facilities to Palmetto Clean Technology, a solar and platform technology and fulfillment company focused on the distribution and democratization of clean energy products. “We are continually focused on reinventing the clean technology…
By [email protected] German solar inverter maker SMA Solar Technology this month gave 260,000 customers the ability to claim a cryptocurrency called SolarCoin in exchange for solar energy. The scheme, available as a feature in SMA’s Sunny Portal software for Webconnect and Sunny Home Manager customers, allows PV system owners to collect a SolarCoin for every…
The European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank (BSTDB) are set to finance a new solar plant set to be developed in the Mykolaiv region of Ukraine. Read Full Article Here For more great articles: PV-Tech
By Sophie Vorrath Genex starts early works on the 250MW pumped hydro component of its Kidston Renewable Energy Hub, to keep up momentum as it awaits financial close. The post Genex kicks off works on Kidston pumped hydro, next to solar farm appeared first on RenewEconomy. Read Full Article Here For more great articles: Renew…
By Joshua S Hill At the same time that oil and gas majors around the world are announcing plans to tie company climate action to employee remuneration, these same companies are still rewarding executives for pursuing traditional growth that will inevitably lead to stranded assets and financial loss for investors. Read Full Article Here For…
By National Wind Watch The offshore wind-power project that became the subject of a Twitter war between federal energy regulators is moving forward with a debt financing for an estimated $2.15 billion phase, despite being shut out of part of a power auction, according to people familiar with the situation. Vineyard Wind, a joint venture…
By Kelsey Misbrener Encore Renewable Energy announced the commissioning of a 198-kW solar array on the roof of the UVM Medical Center on Holly Court in Williston, Vermont. The project began generating solar electricity in December 2018. UVM Medical Center will receive net metering credits at a discount, along with a steady stream of lease…
By [email protected] The Italian energy giant Enel has seen a growing clean energy focus pay off with a 3.8 percent increase in core earnings in 2018. The rise, which saw earnings before interests, tax, depreciation and amortization (EBITDA) hitting €16.2 billion ($18.3 billion), was mainly down to improving margins on the company’s renewable projects in…
By Michelle Froese By 2021, almost half (49%) of institutional investors expect to increase their exposure to assets supporting and participating in the energy transition, according a new study by Aquila Capital. This transition involves the progressive replacement of fossil fuels by renewable sources of energy production. According to the research by Aquila Capital, 68%…
By Joshua S Hill Spanish banking giant CaixaBank is partnering with the European Investment Bank to launch its first credit line to finance climate action-focused projects. Read Full Article Here For more great articles: Clean Technica
By [email protected] After a multiyear downturn, cleantech venture capital investments are back on the upswing. According to year-end numbers from Bloomberg New Energy Finance, venture and private equity investments into the sector grew 127 percent over the previous year in 2018, amounting to $9.2 billion. That is the highest total since 2010. Years after venture…
By Energy Innovation By Ron Lehr, former Chairman of the Colorado Public Utilities Commission and a consultant to Energy Innovation’s power sector transformation team.Relative economics between coal and renewables have irreversibly shifted toward clean energy, leading a wave of states including Colorado, Missouri, and New Mexico to consider how they can quickly move beyond coal…
Octopus survey finds grid-scale plants are most sought-after asset class for institutional financiers, with Australian names the most enthusiastic Read Full Article Here For more great articles: PV-Tech
By Michelle Froese Developers in the U.S. purchased sufficient equipment to qualify 6.6 GW of new wind power capacity in 2018 for 60% production tax credits (PTC) under the Internal Revenue Service’s (IRS) safe harbor provision law, found recent analysis carried out by Wood Mackenzie Power & Renewables. The Wood Mackenzie report also shows that…
By Zachary Shahan The most popular articles on CleanTechnica last week included a look at some analysts’ baffling “before and after” assumptions regarding Tesla’s finances, Budweiser getting powered by wind power and highlighting that during the Super Bowl, initial Tesla Model 3 test drives in Europe, Joe Rogan falling in love with his new Tesla…