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New GreatWall Energy Inverters with Ampt Mode Lower the Cost of Solar PV Systems

Established Asia-Pacific Market Leader Reduces Inverter Cost per Watt by 33 percent by Releasing Equinox Inverters with Ampt Mode

Sky Solar Holdings, Ltd. And Greenleaf-TNX Management Announce the Purchase/Sale of 22 MW of Solar Parks in the U.S.

Sky Solar Holdings, Ltd., a global developer, owner and operator of solar parks and Greenleaf-TNX Management, a developer and owner of solar parks inside the U.S., are pleased to announce the execution on May 6, 2016 of the definitive agreements for the acquisition by Sky Solar’s wholly-owned U.S. subsidiary, Sky Capital America Inc., of 22 operating solar facilities in California and 1 operating solar facility in Massachusetts for a combined 22MW from Greenleaf-TNX and SunPeak Universal Holdings, Inc.
Highlights:
  • The transaction is for a combined purchase price of approximately US$56.9 million, less the amount of existing financing on the facilities of approximately US$21.7 million
  • 22MW of operating assets are acquired and have a remaining combined average power purchase agreement length of over 15 years
  • The transaction will require the Company to issue approximately 29,519,844 restricted ordinary shares (1 American Depositary Share represents 8 ordinary shares) and pay a further US$9 million in cash.
The transaction is expected to close by the third quarter of 2016 after customary closing conditions, consents and regulatory approvals have been met.
Mr. Sanjay Shrestha, President of Sky Capital, commented, “We are pleased with Sky Solar’s acquisition of operating assets in California and Massachusetts with attractive cash-on-cash yield over the life of the projects. This acquisition marks our first step towards building a larger presence in the US market.”
“We are pleased to partner with Sky Solar in this transaction. Greenleaf-TNX’s focus with this portfolio was to develop, de-risk through early period operation, then transfer solar assets to a high quality long-term operator. Therefore, we are very pleased to have reached agreement with Sky Solar related the sale of these solar assets,” said Mr. Charlie Fiechter and Thomas Yap, Managing Members of Greenleaf-TNX.
Project Capacities
Unless specifically indicated or the context otherwise requires, megawatt capacity values in this release refer to the attributable capacity of a solar park. Sky Solar calculates the attributable capacity of a solar park by multiplying the percentage of our equity ownership in the solar park by the total capacity of the solar park.

First Solar Names Georges Antoun as Chief Commercial Officer

Antoun will oversee global project and business development. Joe Kishkill, President – International Business Development, to depart

Sunrun appoints former Walmart executive Leslie Dach to Board of Directors

Sunrun Inc. today appointed Leslie Dach to the company’s board of directors. Mr. Dach brings more than 25 years of experience running major business and strategic initiatives across the public, private and civil sectors, including leading corporate affairs and sustainability at Walmart Stores Inc. from 2006 to 2013.

Study On Solar PV Market Size, Application, Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2014 To 2020| Hexa Research

The solar PV technology is one of the fastest growing technology of renewable energy source. It is expected that the solar PV market attribute a double digit CAGR over the forecast period.

CalCom Solar completes 2.2MW solar system at D’Arrigo Bros. Co.

System is the largest customer-owned net-metered solar power project in Monterey County, California.

ViZn Energy Systems Receives Industry-Wide Recognition from Leading Energy and Business Publications

Named as a leading energy storage firm in Austin Business Journal,
Energy CIO Insights, and Energy Storage News

Marathon Capital Announces the Successful Sale of groSolar to EDF Renewable Energy

Marathon Capital is pleased to announce the successful sale of Global Resource Options, Inc. (groSolar), one of the nation’s leading distributed generation solar firms, to EDF Renewable Energy (EDF RE). groSolar, a privately owned company with SJF Ventures and NGP Energy Technology Partners as major owners, has developed, designed, and constructed more than 150 MW of solar PV systems across the U.S. with more than 2,000 installations. Marathon Capital acted as exclusive financial advisor to groSolar.
Together with groSolar, Marathon Capital developed materials to present groSolar’s strategic business plan to the market. Marathon Capital then conducted a comprehensive process to explore financial and strategic investor interest in partnering with groSolar to further accelerate its growth in the distributed marketplace and was pleased to help facilitate the transaction between two strongly aligned players with a great strategic fit. "We believe groSolar’s successful distributed generation business combined with EDF RE’s financial acumen and market presence will enable the platform to expand significantly in the years ahead," stated David Kirkpatrick, of Marathon Capital who led the M&A process for groSolar.
"We were very pleased with Marathon Capital’s expertise in the renewable energy sector and their ability to manage a thorough and confidential process," said groSolar CEO Jamie Resor.
groSolar will continue to operate throughout the U.S. as a wholly owned subsidiary of EDF RE.

The Solar Foundation and EnergySage Collaborate to Empower the Solar Consumer

Partnership Brings Education, Simplicity, and Transparency to Solar Energy Adoption

TEP Receives Approval to Develop Two Innovative Energy Storage Facilities

TEP has contracted for services from two 10 MW battery systems which utilize lithium-based chemistries

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