July 2016

CLP India Plans $1Billion Investment In Solar. Global Investors Flock To India

One of India’s largest foreign investors in its power sector, CLP India Pvt. Ltd intends to enter the solar energy sector in order to grow the number of shares it holds in renewables. The Hong Kong-listed CLP Holdings Ltd unit is planning a $1 billion investment in return for 1GW of solar power capacity during the next 3-5 years. In order for India to meet its 2022 target of 100GW of solar power and 60,000MW of wind power, the country will need as much as US $200 billion. As a result, global investors, international renewable energy companies, and pension funds are flocking to India.

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$345 Million Raised By SolarCity In June And July For New Solar Projects

Americas, Deals & Finance, Head Lines, Solar

In addition to the $345 million raised in June and July, SolarCity’s capital markets team has raised more than $1.5 billion in project financing to date in 2016. Investment in rooftop and other small-scale solar is expected to attract $3.4 trillion over the next 25 years, according to Bloomberg New Energy Finance. The company is also evaluating how the installation of the smart inverters and battery storage systems for residential rooftop solar customers can enhance grid stability and power quality.

$345 Million Raised By SolarCity In June And July For New Solar Projects Read More »

EON Advances Grid Stability With 10MW TEP Energy Storage Agreement

Americas, Deals & Finance, Energy, Region, Solar

E.ON Climate & Renewables North America today announced it signed an agreement with Tucson Electric Power (TEP) to provide frequency response and voltage control from a grid-scale, 10(MW) battery energy storage facility with a 2 MW solar array. The Iron Horse Battery Energy Storage Project will be located adjacent to theUniversity of Arizona Science and Technology Park southeast of Tucson. The project is expected to be completed in the first half of 2017.

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East Africa: Mobisol Installs 50,000 Solar Systems, Connects 250,000 Households

Carbon, Europe/Middle East/Africa, Head Lines, Solar

The Berlin-based company’s solar systems are powerful enough to cover the entire electricity needs of average African households. The solar systems are paid off over three years in small instalments and are thus also affordable for low-income customers. Mobisol systems are designed specifically for the African market and come with an extended warranty and comprehensive customer service – including remote maintenance via the well-developed East African mobile network.

East Africa: Mobisol Installs 50,000 Solar Systems, Connects 250,000 Households Read More »

Record Crowds Attend Intersolar and ees North America 2016

Americas, Efficiency, Solar

Intersolar North America, the most-attended solar industry event in North America, drew a record crowd of more than 18,000 from over 80 countries to its ninth annual exhibition and conference in San Francisco last week. Attendance was boosted by the co-located ees North America, an exhibition and conference dedicated to the energy storage market. ees added significantly to the event’s exhibitor base, with 41 percent growth over the previous year.

Record Crowds Attend Intersolar and ees North America 2016 Read More »

EON Enables Digital Realty To Be 100% Clean Energy Powered

Americas, Carbon, Head Lines, Wind

E.ON and Digital Realty, have announced a long-term agreement to procure energy from the Colbeck’s Corner Wind Farm. The agreement allows Digital Realty to offset 100% of its U.S. colocation and interconnection energy footprint. Colbeck’s Corner is a 200.48 MW wind farm located 37 miles east of Amarillo, Texas. It has 112 GE 1.79-100 turbines that can create enough electricity to power approximately 64,000 homes. E.ON has developed more than 3GW of wind projects in the US since 2005.

EON Enables Digital Realty To Be 100% Clean Energy Powered Read More »

RNEG To Support Valorem’s 100MW Wind And Solar Projects Across North Africa

Energy, Europe/Middle East/Africa, Technology, Wind

Renewable NRG Systems (RNRG), a designer and manufacturer of decision support tools for the global renewable energy industry, has announced that it has supplied complete resource assessment packages to French developer VALOREM to support their renewable energy project development activities in Africa. VALOREM is currently building a pipeline of five wind and solar farms at

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SoftBank Investment In India Could Exceed $10 billion. Emphasis On Clean Energy

Asia Pacific, Biomass, Deals & Finance, Head Lines, Solar

With a series of investments in India already, SoftBank claims its investments in the country will exceed $10 billion during the next 5 to 10 years. Masayoshi Son, Chairman, and CEO of SoftBank stated that the Japanese telecom and internet giant will make its first $350 million investment in a solar project in India. “We have already invested US $2 billion and we are interested in investing more,” he said. “India has a great future. We are interested in investing in Internet companies and also in solar energy. We would make strong commitments.”

SoftBank Investment In India Could Exceed $10 billion. Emphasis On Clean Energy Read More »

SPI Energy From China, Completes And Grid Enables 2.4MW PV Plant in Japan

Asia Pacific, Energy, Solar

Located 50km north of Tokyo, the utility-scale Nishiura PV plant covers a total land area of 26,562 square meters and will produce around 3 million kWh of solar electricity per year. The power generated by the 2.4 MW solar park will be sold to a Japanese company under a 20-year power purchase agreement for 831.6 million yen, under which the project will receive 32 yen/kWh of electricity produced under Japan’s feed-in tariff (FIT). SPI Japan owns 100% of the project and will oversee all operations and maintenance requirements of the plant over the course of its lifetime.

SPI Energy From China, Completes And Grid Enables 2.4MW PV Plant in Japan Read More »

Vivint Solar And Renovate America Combine To Boost Rooftop Solar Access

Americas, Energy, Head Lines, Policy, Solar

Vivint Solar and Renovate America, the leading provider of residential Property Assessed Clean Energy (PACE) financing, are collaborating to expand access to rooftop solar for homeowners. By offering Renovate America’s HERO program as its PACE financing option, Vivint is enabling more homeowners to install solar systems. They can use HERO financing for Solar systems and pay for them over time through their local property taxes. Payments are made at a fixed interest rate for terms of 5 to 20 years, and the interest on the payments may be tax deductible.

Vivint Solar And Renovate America Combine To Boost Rooftop Solar Access Read More »

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