With most residential rooftop area in the U.S. unsuitable for traditional PV panels, the community solar model provides many customers a cost effective alternative for “going solar.” Community solar brings policy benefits like net metering, similar to rooftop installations, and models have developed, and continue to evolve, that allow customers to access community solar through their incumbent utility, as owners in a cooperative group, or as a nonprofit.
October 25 -- BrightSource Energy has landed $80 million in equity investments that will help the solar energy company expand its operations to new geographic territories. The financing round for the developer of solar thermal equipment was led by France-based Alstom and San Bruno-based VantagePoint Capital Partners. >>View Article
After an exciting day of keynotes and discussions, the opening panel of the second day of the Renewable Energy Finance Forum (REFF West) began with a focus on investment banking perspectives on solar project financing. Bringing together a selection of top energy bankers from leading institutions that are active in renewable energy financing, the panel discussed movements and trends in the present and near future term and how the financial landscape has changed over the last 12 months.
Sebastian Leyton 9/23/13
Small renewable projects represent a market that has not been fully taken advantage of, mainly due to issues relating with their access to financing. This doesn’t refer that the projects itself have issues, but implies that lenders mainly involved in project finance are more interested in larger projects, which involve sums over USD 100 million. Those projects are able to support the costs of a time intensive transaction and the corresponding fees, and represent a good opportunity of striking a good deal by achieving financial closing to most parties for the amounts involved. However, this doesn’t imply that small projects are not a lucrative market to be exploited and clearly represents a business opportunity.
By Lesley Hunter 9/17/13
The western United States’ remarkable renewable energy resource availability, supportive policies, and well-developed supply chains have transformed western states into national leaders in renewable energy development. In 2012, the 13 western states attracted more than half of the country’s combined venture capital, private equity and asset finance investment in the renewable energy sector, and produced approximately 31% of their total energy generation from renewable energy sources – compared to roughly 12% nationally (sources: Bloomberg New Energy Finance (BNEF) and the Energy Information Administration (EIA)).
By ACORE Interim CEO, Michael Brower 08/22/2013
It should be no surprise that when Gallup asks Americans to choose between economic growth or protecting the environment – during a time when too many Americans are still out of work, living paycheck to paycheck, drowning with college debt, and underemployed – they choose improving economic growth. But even as the economy remains America’s number one priority; more and more Americans are calling for action on climate change. Most Americans see the environmental and economic challenges climate change poses, but they also recognize--as the American Council On Renewable Energy (ACORE) does--that clean, renewable energy is a solution to both environmental and economic challenges.
By Noah Ginsberg 8/16/13
The goal of any renewable energy developer or grid operator is to ensure a smooth flow of electricity stems from a power plant. And there are numerous technologies that aide project developers and grid operators to accurately forecast the weather to maximize the output and efficiency of renewable energy power plants. But none of these technologies come close to IBM’s new Hybrid Renewable Energy Forecaster (HyREF). IBM unveiled their newest forecasting systems on August 12th – built with the renowned expertise the world has come to expect from IBM.
Chart: 2/3rds of Global Solar PV Has Been Installed in the Last 2.5 Years
And capacity will nearly double in the next 2.5 years.
By Stephen Lacey 08/16/2013
SOURCE: GTM Research
The City of Houston has signed an agreement with Reliant Energy to purchase 140MW of renewable power for the next two years. The 140MW power purchase represents approximately 50 percent of the city’s required power and is the equivalent of power required for over 55,000 homes each year. Reliant is a subsidiary of NRG Energy Inc., which has headquarters in both New Jersey and Houston.