Finance

TerraForm Power, Global get serious with Brookfield

The two yieldcos have entered into an exclusive agreement with Brookfield towards a purchase of the company, and entered into an MOU with SunEdison towards settling lawsuits to enable this sale.

Solar lending rates continue to fall in India

Mercom Capital says the fall in rates is now making projects with lower prices viable, and that demonetization could further bring down rates.

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.

Argentine province confirms financing for solar projects

PV projects in Mendoza awarded under the RenovAr program with 85% local content will be able to obtain financing through the FONDEAR Fund.

Mercom: US$736 million invested in India’s solar sector in Q4 2016

The nation saw substantial debt, public markets and project funding during the final quarter of 2016, including the first Indian solar developer to go public.

BNEF predicts “revolution” in the power sector due to low-cost renewable energy

In their 10 predictions for 2017, Bloomberg New Energy Finance’s chair and chief editor argue that we are entering a phase where low-cost renewable energy will come to define the power system, despite ideological and financial headwinds.

Newcomer Longroad Energy Acquires 3 GW Solar Portfolio

The Boston-based solar developer, founded in 2016, purchased the significant project pipeline to establish itself as a national player in the U.S. solar market.

India’s ReNew Power secures $390 million in multilateral financing

The independent power producer will use the long-term debt financing to build 398MW of solar capacity in the Indian states of Telangana and Jharkhand, as well as 311 MW of wind farms.

Elecnor to build a 115 MW solar project in Chile

The Spanish company was awarded a US$117 million contract to build the project near Santiago.