Dividend Solar, a San Francisco-based provider of loans to residential solar customers, announced it is merging with PACE-provider Figtree Financing and has secured a $200m capital commitment from LL Funds for its expansion, reflecting the consolidation and growth taking place in the US solar financing sector.
A Pricewaterhouse Coopers (PwC) survey of 63 major US corporations with large energy footprints show that a strong majority (72%) of those who have previously purchased renewable capacity are planning to procure more in the next 18 months.
23 June 2016 10:45 GMT
First Solar chief executive James Hughes sees few obvious reasons for Tesla Motors to buy SolarCity, calling the offer a “head scratcher” and saying that putting the two companies under a single roof would result in a “very complicated business.”
23 June 2016 06:40 GMT
Rhode Island’s legislature passed a bill that raises the renewable energy mandate from 14.5% by 2019 to 40% by 2035, joining a growing number of US states that have done so to diversify their energy mix and reduce CO2 emissions.
22 June 2016 05:27 GMT
Billionaire Elon Musk’s Tesla Motors on Tuesday offered to buy SolarCity, the largest US rooftop solar installer, in a deal worth about $2.79bn that aims to create the only “vertically integrated energy company offering end-to-end clean energy products.”
22 June 2016 02:17 GMT
Southern Power, a fast-growing US solar and wind energy developer and generator, has completed issuance of €1.1bn ($1,23bn) in green bonds with net proceeds going to help finance its portfolio of renewable energy projects.
21 June 2016 05:23 GMT
Pacific Gas & Electric, among the largest US utilities, is proposing to phase out California’s last two nuclear power plants and replace the power with renewable energy and other greenhouse gas-free resources, energy efficiency and storage.
21 June 2016 03:34 GMT
Presumptive Democratic Party presidential nominee Hillary Clinton continues to win endorsements from leading US green groups who fear Republican Donald Trump would scrap the Obama administration’s climate and renewable energy policies.
13 June 2016 07:02 GMT
The province of Ontario on Wednesday unveiled an ambitious Climate Change Action Plan that provides businesses and residents with incentives and tools to accelerate the use of clean technologies, with a strong focus on solar energy for power generation.
08 June 2016 09:18 GMT
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