Residential PV

The regional initiative is expected to boost the solar PV and thermal solar installations in the state.

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 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.

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.

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.

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.

In 2017, 54 new solar projects with a total capacity of 460 MW will be implemented enabling the country to exceed 1 GW of installed PV plants.

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.

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.

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