OPIC funds 100 MW CSP plant in South Africa, grid improvements in Pakistan
The U.S.-led international development projects support private sector development in energy and inclusive access to finance. The projects “show the transformative impact that the U.S. private sector can have in the developing world,” OPIC says.
AES to issue solar asset-backed security
There have been only five public solar ABS deals to date totaling $560.5 million — four of which were issued by SolarCity.
Spire considers sale of the company, assets
Despite a rebound in capital spending across the solar industry, the Massachusetts-based PV equipment maker has retained investment bank Mirus Capital Advisors to assess strategic alternatives.
Vice President Joe Biden wows crowd at SPI
Biden unveiled a new White House grant program aimed at scaling up clean energy in 24 states across the country, targeting greater access to solar energy in rural and low-income neighborhoods and supporting efforts to reduce solar costs.
SunPower to build 20 MW PV plant for Arizona electric cooperative
The PV manufacturer plans to design and build a fully integrated, modular solar power plant, achieving about 95% of the cooperative’s state-mandated 2025 renewable energy target.
Spain: Solar generates 6.8% of summer energy mix, 'sun tax' fears remain
Summer in Spain is not totally gone and the Mediterranean sun continues to shine strongly, yet the country’s solar PV and solar thermal sectors are feeling anxious.
NRG spins off its renewable energy business
NRG cites the need for its clean energy business to be nimble, lower cost, and cash sensitive, and will limit it to US$125 million in funding. NRG’s GreenCo will be a separate business by the beginning of 2016.
Phoenix Solar cuts profit target
The cancelation of a major PV project in Asia has forced the German company to lower its earnings forecast. Nevertheless, Phoenix Solar’s free order backlog far exceeds 2014 levels.
US solar loan company secures $300 million in capital
Sunlight Financial LLC has secured US$300 million in capital. It will use the funds to expand its business platform.
Trina not ruling yieldco out, addresses criticism
Last week, Trina said it will spin off its downstream solar PV project business, most likely under a “growthco,” due to FIT payment and grid connection issues in China. Responding to questions by pv magazine, the company has said, however, it is not ruling out the establishment of a yieldco, if the government steps up.
