Tag Archives: fund
New Solar Fund Claims 8% Returns to Investors
Goldfield Partners in London have launched UK`s first pension fund, which aims to help to finance, install and maintain solar power for social housing residents. The Goldfield Solar Green Energy Fund claims a ₤50 million will offer stable returns as high as 8% to investors (this is based on a 3% inflation assumption), which will [...]
Suntech Power Gets Much Needed Loan
The world’s largest solar panel maker, China’s Suntech Power (NYSE: STP) is getting an emergency $31.7 million loan from the local government to help it weather its financial troubles. The lifeline comes from the city of Wuxi in Jiangsu province, where the company is based. The mayor created a task force to help Suntech. He offered a package [...]
In Focus: On-Bill Repayment (OBR)
Earlier this year, the California Public Utilities Commission (“CPUC”) issued a decision requiring the state’s investor-owned utilities to establish several financing programs, including an On-Bill Repayment (“OBR”) program for commercial properties. OBR programs allow property owners to finance energy efficiency and/or renewable energy projects with third-party banks or other investors. Property owners repay their loan [...]
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 [...]
New York Announces $30M Solar Fund
The New York Power Authority (NYPA) recently announced it will allocate $30 million to fund a solar power research and development program, the goal of which is to lower the cost of solar energy. As part of New York Governor Andrew Cuomo’s Sun Initiative plan, this plan is another solid step forward towards the goal [...]
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 [...]
South Korea Sets Up $2 Billion Sustainable Business Fund
The world’s fastest growing polluter,South Korea, announced it will set up a US$1.25 billion fund to spur the development of sustainable business practices. Over the past year the South Korean government has made commitments to cut emissions and shift the country to a low-carbon economy. Besides being a large greenhouse gas emitter, Korea is thefifth-largest importer [...]
Nordic Capital Fund VII Acquires SiC Processing
Nordic Capital Fund VII has acquired a majority stake in SiC Processing AG, a supplier in the recovery and processing of sawing slurry in siliconwafer production, from a group of sellers. The company’s founding family will remain co-owners, with a 25% stake, and former lead investor zoukventures will retain a 5% stake. "Due to 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 [...]