Tag Archives: bank
Deutsche Bank completes 250-KW solar project at Piscataway facility
Deutsche Bank today announced the completion of a 250-kilowatt solar photovoltaic (PV) system at its Piscataway, NJ, office. Theroof-mounted array will offset a portion of the facility’s electricityconsumption and reduce its carbon emissions by 143 metric tonsannually, equivalent to 16,232 gallons of gasoline. The solarinstallation consists of 1,066 roof-mounted PV modules that willgenerate approximately 270,000 [...]
World Bank’s CTF to invest over $5.5 billion in concentrated solar power
The World Bank’s The Clean Technology Fund (CTF) has approved financingof $750 million on December 2, 2009, which will mobilize an additional$4.85 billion from other sources, to accelerate global deployment ofConcentrated Solar Power (CSP). It will do so by investing inthe CSP programs of five countries in the Middle East and North Africa:Algeria, Egypt, Jordan, [...]
World Bank Promises $5.5B For MENA Solar Power
The World Bank’s Clean Technology Fund has approved financing of$750 million, which it says will mobilize an additional $4.85 billionin co-financing, both public and private, to speed development ofconcentrated solar power (CSP) in five countries across the Middle Eastand North Africa (MENA). The fund will invest in CSP programs in Algeria, Egypt, Jordan,Morocco and Tunisia. [...]
Solar Land Bank Introduces Solar Energy Site Database
Solar Land Bank LLC, a San Francisco-based developer of turnkey sites for renewable energy power generators, has launcheda solar energy site database. The database is designed to serve as aone-stop resource for energy production companies looking for sitesthat are available for the construction of solar PV developments. Thedatabase contains detailed site information, allowing users to [...]
U.S. Export-Import Bank Imposes Carbon Policy
The Export-Import Bank of the United States,which provides direct financing and loan guarantees to support UnitedStates exports, has adopted a first-of-its-kind carbon policy forselecting which projects to finance. Elements of the policy include a $250 million financing mechanism tobenefit exports of renewable energy technologies; enhanced provisionsfor measuring and reporting GHG emissions resulting from projectsreceiving ExIm Bank support. In [...]
Deutsche Bank Upgrades Sunpower (SPWRA) To Buy, Raises Price Target
Deutsche Bank is upgrading SunPower (SPWRA) to Buy this morning and raising the price target from $28 to $31. Hat tip to StreetInsider.com for the following analyst comment: “We are upgrading SunPower to Buy based upon earnings power(valuation), anticipated industry growth, and SunPower’s marketposition. We were disappointed with the company’s 3Q09 marginperformance, and while we [...]
Green Mortgages Encourage Residential Solar
U.S. Bank, a unit of Minneapolis-based U.S. Bancorp(NYSE: USB), said it plans to roll out a new home-equity loan andline-of-credit program offering a a slight rate reduction for qualified“green” home improvement projects. Initially, the program will only beavailable in Colorado. Homes equipped with solar energy systems, small-wind systems, fuel cells and a range of energy-efficiency [...]
Solarfun (SOLF) Granted RMB400 Million In Credit From Bank of Shanghai
Solarfun just announced that it has been granted credit in theamount of RMB400 from the Bank of Shanghai. The credit was granted toSolarfun’s subsidiary Jiangsu Linyang Solarfun Co., Ltd, and RMB 300million of it is a 3-year loan. In a press release, Solarfun President Peter Xie commented on the news: “The additional credit facility provided [...]