Tag Archives: bank
Solar Carport Comes to California Bank
A California bank will soon be using thepower of the sun to lower costs and reduce its carbon footprint. A solar electric system will be constructed on the carport of the Cathay BankCorporate Center (NASDAQ:CATY) inEl Monte. The carport will not only offer covered parking to nearly 300 bankcustomers and employees, the 432.5 kW AC [...]
The U.S. Export-Import Bank: Secret Solar Finance Powerhouse
Mandated by its congressional charter since 1992 to support renewable energy exports, the U.S. Export-Import (Ex-Im) Bank is a powerful – yet relatively quiet – financing force for solar energy projects and equipment manufacturing. The Ex-Im Bank’s programs – which include loan guarantees, export credit insurance, working capital guarantees and other services – tend to [...]
Bank of America Upgrades LDK to Buy $LDK
The biggest upgrade in the solar industry today was the two notch upgrade of LDK Solar (LDK) by Bank of America from Underperform to Buy due to lower risks ofoversupply. Following the LDK Solar earnings report, I mentioned that I thought the stock offered a very compelling entry down at these levels and has the [...]
Asian Development Bank Creates $9 Billion Solar Power Initiative
The Asian DevelopmentBank (ADB) has announced a massive plan to spur solar power growthin Asia. The ADB has designed the Asia Solar Energy Initiative, will infuseUS$9 billion of capital into the regional market. ADB’s plan is tostimulate the industry quickly and generate 3,000-megawatts of solarpower in the next three years. The Asia Solar Energy Initiative [...]
Deutsche Bank Bullish On First Solar and Itron
DeutscheBank is out with Buy ratings this morning after First Solar (FSLR) and Itron (ITRI) reported strong earnings results last night. They have upgraded First Solar (FSLR) to Buy and raised the pricetarget from $125 to $155. “The company has demonstrated greatflexibility with its business, and has built a captive project pipelinethat can insulate the [...]
Sungevity and U.S. Bank Create $24 Million Fund for Ten-Year Solar Lease
OAKLAND, Calif., March 26 /PRNewswire-FirstCall/ — Sungevity, theleading online residential solar provider, announced today a newpartnership with U.S. Bancorp to finance solar systems for Californianhomes. U.S. Bancorp (NYSE: USB) is the parent of U.S. Bank, the fifth largest commercial bank in the United States. “We’re excited to partner with Sungevity on their solar leaseprogram,” said [...]
Deutsche Bank and NASDAQ OMX Introduce Clean Tech Index
DB Climate Change Advisors (DBCCA), the climate change investment and research business of Deutsche Bank’s Asset Management business, and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) recently introduced the DB NASDAQ OMX Clean Tech Index (DBCC). The index is an accurate, real-time representation of the globalclean technology sector, including clean energy, energy efficiency,transport, waste management and [...]
Deutsche Bank Completes 1,066 Panel Solar Array
Deutsche Bank, a leading global investment firm, recently finishedinstalling a 250-kilowatt solar photovoltaic (PV) system at itsPiscataway, NJ, office as part of its commitment to be carbon neutralby 2012. The roof-mounted solar array consists of 1,066 solar panelsgenerating about 270,000 kilowatt-hours per year of electricity. Thisis reportedly enough to provide all the electricity the facility [...]