Tag Archives: cash
Why The Solar Industry Needs Capital
In the past few years, the solar industry has been suffering from a lack of capital on both the equity and debt fronts. Despite remarkably high rates of return, tax equity investment still only amounts to around $4 billion per year — roughly 0.2% of its potential in the United States based on total individual [...]
Stion Grabs $25M to Boost Production
Just in time for the holidays, Stion Corp. has announced its latest, $25 million round of financing to allow the start-up photovoltaic maker to move forward with its plans to start commercial manufacturing of its next generation photovoltaics. The company is working to bring it’s unique, tandem copper indium gallium diselenide (CIGS) module thin-film photovoltaic [...]
JinkoSolar Scores $1B Infusion
JinkoSolar (NYSE:JKS) is the latest company to benefit from the Chinese government’s efforts to prop up its domestic solar industry. The company has entered into a strategic agreement for $1 billion in financing over the next five years from the Guangdong Branch of China Development Bank (CDB). The financing is a boon to the company, [...]
Capital Dynamics Completes $282M Solar Fund
Capital dynamics, an international asset managing company announced July 10 that it completed its $282 million US Solar Energy Fund. The fund will allow the company to invest in U.S.-based solar projects across the country on behalf of its investors. It’s the first time the company has created a solar fund. Through the fund Capital [...]
Solar Subsidies vs. Fossil Fuel Subsidies
As reported in Reuters, researchers at the University of Tennessee’s Baker Center for Public Policy recently published a report indicating that the US government’s support for solar energy is absolutely no different than support for other energy sources, despite what fossil fuel companies would have you believe. The reality of the subsidy situation is quite [...]
LEED-Certified Banks Make More Money
Banks that are LEED-certified make more money, a University Notre Dame study finds. Over the years, there have been lots of studies that show employees are more satisfied and productive when they work in green buildings, but this is the first study to show that banks actually bring in significantly more revenue. Researchers found that bank branches generate [...]
SolarCity Grabs $81M in Equity Financing
California-based solar energy system provider SolarCity has secured $81 million in equity financing the company said Wednesday. The funding round was co-led by the recently formed energy-focused platform of Silver Lake Partners — Silver Lake Kraftwerk and Valor Equity Partners — and will be used to support SolarCity’s expansion plans and “potential acquisitions.” Growth, it [...]
Cash Grants for Commercial Solar to Be Extended
An $858 million tax bill is sitting on President Obama’s desk and isanticipated to be signed this afternoon. I’m sure everyone has theirown opinion about the tax package that was approved by the House latelast night. Some could say it had something for everyone – tax cuts for the rich, and an extension of the [...]
Property Owners Race to Cash in on Commercial Solar Grant
In 2009, the United States federal government converted a 30 percenttax credit for business owners who power their property with solarenergy into a 30 percent treasury grant. What’s the difference? Theproperty owners receive a check reimbursing them for 30 percent of theproject’s cost within 60 days of completing the installation rather than waiting to use [...]