Finance

Mercom: Battery storage funding shifts to deployment

The latest report by Mercom Capital shows that while debt and public market financing for battery storage companies declined in 2016, that battery storage project funds raised $820 million during the year.

Hanergy to accept Hong Kong regulator demands over trading resumption

Hanergy Thin Film Power (HTF) says it will not contest an order by Hong Kong’s Securities and Futures Commission (SFC) to pay outstanding debts to its subsidiaries, as it seeks to resume trading of its stock.

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.