Clean energy investment set to grow following robust third quarter
The solar sector accounted for 25% of total clean energy venture capital and private equity investment in the third quarter. Notable solar deals included the $110 million secured by Sunnova and GlassPoint Solar, which received $53 million from Oman’s State General Reserve Fund, Royal Dutch Shell and existing investors.
SolarCity to offer up to US$200 million in bonds
The third-party solar company is the first in the residential space to issue a corporate bond offering. The bonds will offer interest rates up to 4%, and SolarCity has launched a new online investment site.
Accelerator-backed Wunder launches U.S. solar fund
A new solar fund has launched in the U.S. Wunder, backed by the Boulder Techstars accelerator program in Colorado, has launched a $1 million solar fund for investors. The fund is already 50% subscribed.
The pv magazine weekly news roundup: Oct 3-10
Storage updates, political wranglings, grid parity promises and yet more headlines for SolarCity… it’s been another busy week on pv magazine.
Glasgow: first European university to divest from fossil fuels
Glasgow University has taken the lead in the U.K. and Europe in aligning itself with the disinvestment movement, yet the number of higher education institutions turning away from fossil fuel investments is steadily growing.
Conergy looking to buy Ontario solar projects
The solar company is shopping for individual projects and portfolios of between 100 kW and 15 MW in size, on roofs and open land, at all stages of development.
Sun setting on Destertec
Time appears to be running out for the once ambitious consortium that envisioned supplying renewable energy to Europe from the Middle East and North Africa.
KKR partners with Acciona to grow renewable energy asset portfolio
Private equity firm KKR has moved deeper into renewable energy by acquiring a 1/3 stake in the renewable energy generation business of Acciona. The two companies plan to launch a yieldco to hold some of these assets.
Mercom Capital: Downstream dominates as solar investment levels rebound in Q3 2014
While VC funding is up and a third yeildco IPO was held, Mercom’s Q3 report shows that the biggest sources of available capital in the solar industry are still Chinese banks.
Election of EU energy commissioner proves thorny
In a stormy hearing last week, Spanish commissioner-designate for energy and climate action Miguel Arias Cañete sought to dodge questions about his oil industry past and provided only vague answers to questions about energy and climate protection policy. His candidacy could be in danger.
