SunRun announced today that it has received an additional commitment of tax equity from a subsidiary of U.S. Bancorp that is part of the financing needed to develop $90 million in residential solar installations in 2010. The funding allows SunRun to offer affordable solar to more homeowners in new and existing states. This new funding [...]
Read Full Post | Make a Comment ( Comments Off so far )SolarTech announced a major milestone in the development of best practices. The consortium will unveil the first ever contract template for Power Purchase Agreement (PPA) solar financing at the upcoming Solar Power International 2009 conference in Anaheim, CA on Oct. 28th.
In a recent study, Gartner Group defines the PPA financing instrument as a major solar [...]
SolarCity and U.S. Bancorp Community Development Corporation (USBCDC) today announced that they have doubled the size of their fund to finance solar projects. The fund, originally announced in June, will be expanded to finance $100 million in solar projects in 2009. The partnership backs SolarCity’s solar leases (SolarLease™) and power purchase agreements (PPA), financing options [...]
Read Full Post | Make a Comment ( Comments Off so far )Reuters, San Francisco - U.S. solar power system installer Borrego Solar Systems said it has received $30 million from Taiwan’s Walsin Lihwa to offer financing to solar power project customers.
The privately held El Cajon, California-based company, a solar power contractor that serves mostly the commercial sector, said the funding will help it sell services to [...]
SolarCity today announced the availability of its award-winning solar leasing option (SolarLease) to customers of Los Angeles Department of Water and Power (LADWP), the nation’s largest municipal utility. SolarCity’s lease combines with [...]
Read Full Post | Make a Comment ( Comments Off so far )Southern California Edison, a utility arm of Edison International, has signed contracts to buy up to 960 megawatts of power from wind and solar energy suppliers, SCE said on Wednesday.
The contracts are part of California’s shift toward renewable energy sources to reduce dependence on fossil fuels that are blamed for contributing to climate change.
American Electric Power Co Inc signed a long-term power purchase agreement to buy all of the output of a 10.08-megawatt solar energy facility to be built in Ohio, the company said in a release Monday.
Through the 20-year agreement signed with Wyandot Solar LLC, a subsidiary of Germany’s juwi solar Inc, AEP said in the release [...]
Northern California utility PG&E says it has expanded its already huge purchase agreement with startup BrightSource from 900 MW of solar thermal power to a whopping 1,310 MW. That makes the deal “the largest solar deal in the world,” says BrightSource CEO John Woolard on PG&E’s blog. The previous world’s largest solar deal was a [...]
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