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Real Goods Solar Announces Public Offering of Units
Real Goods Solar today announced that it commenced a public offering of units, each unit consisting of one share of Class A common stock, par value $0.0001 per share and a warrant to purchase a to-be-determined-fraction of one share of Common Stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
The offering will be conducted on a best efforts basis with Roth Capital Partners, LLC serving as the exclusive placement agent. Net proceeds from the offering to Real Goods Solar, Inc. are expected to be used for general corporate purposes including, without limitation, to pay down its revolving loan facility, reduce the companys current accounts payable balances, for working capital purposes to increase sales and operational capabilities and/or for any scheduled repayment of indebtedness. The company will retain broad discretion over the use of proceeds from the offering.
The offering will be conducted on a best efforts basis with Roth Capital Partners, LLC serving as the exclusive placement agent. Net proceeds from the offering to Real Goods Solar, Inc. are expected to be used for general corporate purposes including, without limitation, to pay down its revolving loan facility, reduce the companys current accounts payable balances, for working capital purposes to increase sales and operational capabilities and/or for any scheduled repayment of indebtedness. The company will retain broad discretion over the use of proceeds from the offering.
A registration statement relating to these securities has been filed by the company with the Securities and Exchange Commission (SEC), but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. The preliminary prospectus contained in the registration statement on Form S-1 (file number 333-211915) may be obtained from Roth Capital Partners at 888 San Clemente, Newport Beach, CA 92660 or by calling (800) 678-9147 or e-mail at rothecm@roth.com, or by visiting the EDGAR database on the SECs web site at www.sec.gov.
SimpliPhi Power Unveils High Voltage Energy Storage Solution for Commercial and Industrial Applications
Non-toxic, energy dense battery addresses large-scale solar + storage challenges
SunPower and Clean Solar Help Children's Discovery Museum of San Jose Save Energy While Changing Lives
San Jose Conservation Corps Youth Help Install Solar Panels and Gain Valuable Job Skills
Intersolar NA 2016: Ginlong Presents Solis 6-10kW Residential Inverters and 36-40kW Commercial Inverters in San Francisco
Ginlong Technologies, one of the world’s oldest and largest string inverter manufacturers, will be presenting new and exciting inverter innovations at Intersolar North America 2016. The well attended solar exhibition in North America will take place on July 12-14, 2016 at the Moscone Center in San Francisco, CA, USA.
Highlighted at the Ginlong Solis Booth will be the:
Highlighted at the Ginlong Solis Booth will be the:
- Solis 6K-10K US Single Phase Inverters, with industry leading 3 and 4 MPPT designs, high power density compact design, high-frequency switching technology, fan-less natural convection for higher reliability, NEMA 4X enclosures, 97.8% Peak Efficiency and 97% CEC Efficiency, light weight (<40 lbs.) for one-person easy installation;
- Solis 36K-40K US Three Phase Inverters designed for all commercial and utility-scale installations, with industry leading 4 MPPT designs that maximize energy harvest, external fan-less design for high reliability, NEMA 4X enclosures, 98.6% Peak Efficiency and 98.3% CEC Efficiency, compact and light weight (<130lbs),
- Solis Rapid Shutdown Device, with innovative low profile design for fast, under the PV panel installation resulting in a clean, professional appearance, Ideal for new installations or retrofit projects. It is UL 1741 certified and compliant with 2014 NEC 690.12.
Ginlong Solis was chosen by NABCEP and Intersolar North America to offer an installation workshop. Attendees will earn 2 NABCEP CEUs.
Come meet the Ginlong Executive Team and technical experts at the Ginlong Solis Booth #8519. Please contact us at sales@ginlong-usa.com or visit our website, www.ginlong.com-usa to learn more.
Ginlong offers a complete product line of bankable, ultra-reliable and cost effective string inverters for residential, commercial, industrial and utility scale solar projects from 1kW to 40MW. 3rd party qualification testing by DNV GL and sold under the Ginlong Solis brand, the entire product line is listed on the Approved Vendor Lists of leading banks for leasing, PPA and loan programs. Ginlong Solis USA is headquartered in Ohio, warehoused in California, offers NABCEP certified training programs and live, local technical support nationwide.
Ginlong offers a complete product line of bankable, ultra-reliable and cost effective string inverters for residential, commercial, industrial and utility scale solar projects from 1kW to 40MW. 3rd party qualification testing by DNV GL and sold under the Ginlong Solis brand, the entire product line is listed on the Approved Vendor Lists of leading banks for leasing, PPA and loan programs. Ginlong Solis USA is headquartered in Ohio, warehoused in California, offers NABCEP certified training programs and live, local technical support nationwide.
Ginlong Solis inverters are installed on the Eiffel Tower in Paris, and at the World’s Largest Solar Auto Canopy 20MW in China. Ginlong Solis inverters won the prestigious EuPD Top PV Inverter Brand award in 2016.
Four-Megawatt SunPower System Under Construction at CSU Fullerton
At the 15th Annual California Higher Education Sustainability Conference (CHESC) underway this week at California State University, Fullerton (CSUF), the university and SunPower announced that construction is underway on a four-megawatt SunPower solar power system at three university parking areas. CSUF will purchase the emission-free solar power generated by the system under a power purchase agreement that offers competitive rates, enabling the university to offset over one-third of their peak electrical load, potentially saving millions in electricity costs over almost 20 years, according to CSUF.
"With the cost-competitive solar power generated by our SunPower systems, the university will control electricity costs and reduce our carbon footprint," said Willem van der Pol, interim associate vice president for facilities management at CSUF. "SunPower’s experience partnering with universities is as important to us as the proven high performance of its technology. CSUF has supported sustainability in our operations for more than two decades, and we are proud to support the long-term health of our students, staff and community by increasing our reliance on solar power."
"With the cost-competitive solar power generated by our SunPower systems, the university will control electricity costs and reduce our carbon footprint," said Willem van der Pol, interim associate vice president for facilities management at CSUF. "SunPower’s experience partnering with universities is as important to us as the proven high performance of its technology. CSUF has supported sustainability in our operations for more than two decades, and we are proud to support the long-term health of our students, staff and community by increasing our reliance on solar power."
At the campus, SunPower is constructing solar carports on two parking structures and a parking lot. At all three sites, SunPower will install high efficiency SunPower direct current solar panels, the most efficient on the market today, and the world’s first to achieve a Cradle to Cradle Certified Silver designation for the sustainable practices and materials used in their manufacturing. In addition to generating power, the carports will provide needed shade. All of the systems are expected to be operational by the end of this year.
"Cal State Fullerton can rely on these SunPower systems to deliver exceptional long term value," said Howard Wenger, SunPower president, business units. "SunPower has extensive experience working with universities and colleges to deliver innovative solar solutions. It is extremely rewarding to enable our higher education institutions to achieve significant operational savings while inspiring students with the great potential of solar power."
"Cal State Fullerton can rely on these SunPower systems to deliver exceptional long term value," said Howard Wenger, SunPower president, business units. "SunPower has extensive experience working with universities and colleges to deliver innovative solar solutions. It is extremely rewarding to enable our higher education institutions to achieve significant operational savings while inspiring students with the great potential of solar power."
CSUF owns the renewable energy credits associated with the systems.
The solar power generated by the system will be equivalent to the energy used by 501 average American homes in one year, according to the estimates provided by the U.S. Environmental Protection Agency. SunPower estimates that one year of solar energy produced by the CSUF system could power more than 2,000 electric vehicles for 30 years.
The solar power generated by the system will be equivalent to the energy used by 501 average American homes in one year, according to the estimates provided by the U.S. Environmental Protection Agency. SunPower estimates that one year of solar energy produced by the CSUF system could power more than 2,000 electric vehicles for 30 years.
This project is the latest in a 20-year-plus history of CSUF instituting efficient and sustainable practices. The campus installed its first 1-megawatt solar power system in 2012. It regularly upgrades its lighting efficiency, installed low-flow fixtures and irrigation meters, has constructed LEED-certified buildings, operates an energy-smart tri-generation plant and, in response to California’s drought, installed bio-swales to retain rainwater and replaced turf with drought-tolerant plants throughout the campus.
SolarCity Announces Formation of Special Committee to Evaluate Tesla Proposal
SolarCity Corp., America’s #1 solar power provider, today announced that SolarCity’s Board of Directors has formed a special committee of independent directors to evaluate the June 20, 2016, proposal from Tesla Motors, Inc. to acquire all of the outstanding shares of SolarCity common stock.
The Board has granted the special committee the exclusive authority to evaluate SolarCity’s long-term business plan and stand-alone opportunities for value creation against a broad range of strategic alternatives.
The Board has granted the special committee the exclusive authority to evaluate SolarCity’s long-term business plan and stand-alone opportunities for value creation against a broad range of strategic alternatives.
The special committee is composed of Donald R. Kendall, Jr. and Nancy E. Pfund. Mr. Kendall will serve as chair of the special committee. The special committee has retained Skadden, Arps, Slate, Meagher & Flom LLP as its legal counsel and Lazard as its financial advisor to assist in its review.
SolarCity does not intend to comment on or disclose further developments regarding the special committee’s evaluation unless and until it deems further disclosure is appropriate or required.
SolarCity does not intend to comment on or disclose further developments regarding the special committee’s evaluation unless and until it deems further disclosure is appropriate or required.
Raynergy Tek Sets World Record Solution Processed Single Junction OPV PCE 11.51% Using Halogen-Free Ink Formulation.
Latest developed organic photovoltaics (OPV) donor Polymer [PV5001] which required non-halogen formulation component has achieved world record Power Conversion Efficiency of 11.51% using inverted device architecture, independently certified in Taiwan Enli Tech.
The United States is Expected to Deploy 77.3 GW of Distributed Renewables Between 2016 and 2025, According to Navigant Research
Utility strategy and regulatory policies affect deployment of distributed renewables in the U.S., report finds.
EDF Energies Nouvelles and Fraunhofer ISE sign contract for further cooperation – Quality standards for PV power plants
On the occasion of Intersolar Europe in Munich, Fraunhofer ISE and the French company EDF Energies Nouvelles celebrated their ten years of collaboration which mainly addresses quality standards for PV power plants. A contract for further cooperation was signed.
SunPower's Cradle to Cradle Certified Silver Solar Panels Earn Top Product of the Year Award from Environmental Leader
Award Reinforces SunPower’s Industry-leading Approach to Sustainable, Responsible Manufacturing
