Residential PV

Pay to own residential solar reaches 100,000 customers in Uganda

Fenix International, a silicon-valley technology company backed by venture capital, today announced that it has sold its solar financing model to 100,000 residential customers in Uganda.

Spruce raises US$445 million investment for 2017 projects

Spruce Finance, which provides consumer financing for residential solar and energy efficiency projects, has raised a total of US$445 million dollars in tax equity and project debt transactions to support its activities in 2017.

German development bank restarts subsidy for PV + storage

Kreditanstalt für Wiederaufbau (KfW), the development bank owned by the German government, today announced that it will restart subsidy payments for PV + storage applications within Germany.

Solar provides 4.3% of Japan’s electricity during 2016

The latest data show solar taking an increasing role in Japan’s energy mix, however several provinces are nearing caps on PV capacity eligible for reimbursement for curtailed power.

d.light secures further USD 10.5 million in funding for off-grid solutions

Off-grid solar solution manufacturer d.light has raised a further USD 10.5 million in funding to expand its operations in Africa and Asia, which brings the company’s total to an impressive USD 40 million in just four months.

Ukraine: Rapid expansion of solar PV continues in 2017

In 2017, 54 new solar projects with a total capacity of 488MW will be implemented enabling the country to exceed 1GW of installed PV plants.

BNEF: Global solar investment fell 32% in 2016

While much of this decline is due to lower system costs, it was a difficult year for the solar industry despite a 20% growth in installation capacity.

Vivint Solar secures USD 303 million in fresh financing

U.S. residential solar system provider Vivint Solar has started 2017 on a high, with the closing of USD 303 million in new financing from a total of five different investors, which will allow the company to repay existing borrowing and install a large chuck of new residential systems.

Mercom: Total solar corporate funding falls 64% in 2016

It was not a pretty year for solar finance, but some sectors remained unscathed.

Sunrun partners with National Grid to spread solar

The agreement includes a direct investment of $100 million by the utility to fund 200 MW of solar projects across the installer’s national portfolio.