Silver Lake invests $100 million in SolarCity
SolarCity Chair Elon Musk and CEO Lyndon Rive have joined the investment, which comes as SolarCity’s stock remains depressed.
White House holds National Community Solar Summit
68 state and local governments and organizations have now made pledges to increase access to community solar under a national partnership, including industry leader Clean Energy Collective.
Australia: Clean energy funding program attracts 2 GW of applications
The Clean Energy Finance Corporations AU$250 million (US$178 million) funding program for large scale solar projects has attracted applications for over 2 GW of solar PV. If realized, these projects would deliver a ten-fold increase in PV power plant capacity in the country.
Kaco doubles global turnover
The German inverter manufacturer expects to generate EUR 200 million in revenue in 2015, almost double the figure achieved in 2014; company expects turnover to reach EUR 250 million next year.
Vivint Solar achieves modest Q3 profit
The U.S. residential solar installer’s profit of $468,000 represents a solid turnaround on Q3 2014, with installations and bookings up 25% and 15% respectively.
India: Solar to beat coal on cost by 10% in five years, says KPMG
Report by KPMG India finds that the levelized cost of solar power in India will be around 10% cheaper than coal by 2020, with PV penetration rates set to reach around 5.7%.
Cronimet moves towards 15 MW mining projects in South Africa
African independent power producer Cronimet in on track to pick up 15 MW of PV projects to supply mining and industrial operations in South Africa. The projects are being awarded under the South African government’s small REIPPP program and are scheduled to be completed in early 2017.
Trina secures $90m in financing from Wells Fargo and Barclays
The Chinese solar company has signed a $30 million credit line with Barclays Bank and a $60 million revolving loan facility with Wells Fargo to support its U.S. working capital and business operation.
Deutsche Bank positive on First Solar pipeline post ITC stepdown
Deutsche Bank has expressed cautious optimism for First Solar’s ability to develop projects in the United States after the scheduled Investment Tax Credit (ITC) step down. In an investor note published yesterday, Deutsche said that Power Purchase Agreements being signed by First Solar at present in the mid US$40/MWh to upper $50/MWh would still be feasible for the company even with an ITC at 10%.
WGL to invest $200m in US distributed solar next year
U.S. energy provider announces pipeline of 150 MW of distributed solar capacity either installed or under construction across the country; eyes wider, $200 million expansion in 2016.
