Tag Archives: financing
SunEdison Secures $300M Credit Facility $WFR
SunEdison, a wholly owned subsidiary of MEMC Electronic Materials, Inc. (NYSE: WFR), has secured a $300 million credit facility. Arranged by Deutsche Bank Securities, Inc. and Rabobank, the three-year project finance loan will be used to support the construction of utility and rooftop solar projects in North America. According SunEdison, the financing is the largest [...]
DOE’s Loan Guarantee Program: Batting .500
Last week, I discussed the fact that in the aftermath of Solydra’s declaration of Chapter 11, the government’s efforts to offer financial support for clean technology in general and solar in particular look likely to become heavily politicized – a development which, particularly ahead of the 2012 Presidential elections, can only have the affect of reducing the potential flow of finance into [...]
Agua Caliente Solar Project Grabs $967M in Financing
Palm Springs, California — Jonathan Silver of the DOE just let thisinformation out during a speech at the Cleantech Investment Conference.The official press release was released as he spoke. NRG Energy, Inc. (NYSE: NRG) just announced that the 290-megawatt AguaCaliente solar project has received an offer of a conditional commitment for a loan guarantee of [...]
Cogenra’s Hybrid PV and Hot Water Plus Financing
Cogenra Solar is a solar cogeneration startup combining photovoltaic and heat generationto deliver electricity and hot water for commercial and industrialsites. We profiled them here in September. Hybrid PV and hot water is not entirely new — the real innovativepiece at the Khosla Ventures-funded Cogenra might be the introduction of the Heat and Power Purchase [...]
groSolar Offers SunRun Solar Financing
Did you know that if you live in California, New Jersey, Pennsylvania orMassachusetts you can go solar for a very low down payment (a couple ofthousand dollars) and a fixed low monthly payment for your solarelectricity? Often times your monthly solar payment is less than whatyou have been paying your utility company, plus the rate [...]
HelioPower Announces New Solar Financing Fund
Power Purchase Agreement Fund Will Finance Solar Photovoltaic Projects inUnited States; Funding Not Dependent on the Federal ITC Grant HelioPower, an integrated energy solutions company with over 1600 solar and cleanenergy systems engineered and installed since 2001, announced at theSolar Power International industry show, a new power purchase agreement(PPA) fund to finance solar photovoltaic projects in the [...]
BrightGrid Enters Residential Solar Financing Market
Residential solar remains a difficult sell. It’s a big ticket item that drastically alters the look of a cherishedhome. Asking homeowners to pay for it upfront, regardless of plungingsolar panel prices or incentives, is an uphill battle. Just take a look at the rooftops in your neighborhood to confirm that. The residential Power Purchase Agreement [...]
Starwood Energy Closes Financing For 30 MW Solar Project
Starwood Energy Group Global LLC, a private investment firm focused onenergy infrastructure projects, says its affiliate, Starwood SSM2 Canada Inc., has completed a financing agreement for Starwood SSM2, a 30 MWsolar photovoltaic project in Sault Ste. Marie, Ontario. Theproject follows on the heels of Starwood Energy’s 20 MW AC Starwood SSM1 solar plant, which closed [...]
Borrego Solar Systems Secures Financing For $20M Solar Project
Borrego Solar Systems Inc., a designer and installer of grid-tied commercial and public-sectorsolar electric power systems, has secured financing from U.S. Bank andEast West Bank to finance an approximately $20 million solar energyproject for the San Diego Community College District (SDCCD). The 2.8 MW system will consist of nine solar arrays to be installed at [...]