SolarCity creates new $249 million fund
SolarCity will launch a new tax equity fund, to finance $249 million of residential solar installations. The financing partner in the deal has not been identified, but SolarCity reports that it is the fourth fund the two firms have created in partnership.
SolarCity unveils smart energy home system in Hawaii
The California company’s Customer Self Supply program offers a customized combination of solar, battery storage, smart electric water heater and Nest Learning Thermostat.
The pv magazine weekly news digest
Developments in the U.S. continued to make headlines this week as utilities across the country carry out systematic attacks on net metering and a California city weighs a PPA for possibly the lowest solar power price on record.
2015: 57 GW of solar PV installed, clean energy investment hits highest ever levels
BNEF calculates that 57 GW of solar PV was installed last year, marking an increase of around 30% on 2014. Latest figures also show that, despite factors which could have impeded growth, clean energy financing reached US$329.3 billion in 2015. Chinese and U.S. markets led the charge, alongside a host of new markets; European activity, however, decreased.
E.ON and Solarwatt to partner on electricity storage system
German utility giant will develop own storage system with Dresden-based Solarwatt GmbH based on MyReserve technology; first models to be rolled out in Germany over coming months.
Vivint shareholders approve SunEdison acquisition
Green light from Vivint shareholders should see the merger with U.S. renewable energy developer SunEdison close before the end of the first quarter.
First Tesla Powerwall systems installed in Germany
German solar and storage installer Praml has completed two of the first installations of Teslas 6.4 kWh residential battery system, the Powerwall, in the country. Praml has installed two Tesla Powerwall systems reporting that the install took a team of two around five hours.
Wisconsin electric cooperative to procure power from 15 MW of solar PV
Dairyland Power has finalized agreements for PV projects in 12 locations, which will increase Wisconsins installed solar capacity by 40%.
Enphase posts $22 million losses during 'challenging' 2015
Despite shipping a record 706 MW of microinverters, the U.S. company ended 2015 at a loss following a profit-making 2014; fourth quarter losses amounted to $15.8 million.
US: Spruce Finance arranges loan deal for 80 MW of residential solar
The solar financing company turns to Investec to secure $130 million in debt financing for solar ventures in the U.S. residential market, reports suggest.
