Americas

Rooftops of solar powered houses are pictured in Ota

Americas

Vivint Solar Closes New $313 Million Term Loan Facility

August 5, 2016 Anand Gupta

Vivint Solar , a leading U.S. residential solar provider, announced recently it closed a $313 million term loan facility, which refinanced 11 tax equity funds that were part of the company’s aggregation facility. The term loan facility provides back-leverage financing for a portfolio of 12 tax equity funds that own over 307 megawatts and 47,000 residential […]

Americas

Mosaic Announces $220 Million Equity Financing Led by Warburg Pincus

August 5, 2016 Anand Gupta

Mosaic, the nation’s leading provider of affordable solar financing solutions for homeowners, recently announced that it has secured an equity financing of up to $220 million led by Warburg Pincus, a global private equity firm focused on growth investing. Core Innovation Capital and Obvious Ventures also participated in the round. Mosaic will use the funds to […]

Americas

Renewable Energy Group Reports Second Quarter 2016 Financial Results

August 5, 2016 Anand Gupta

Renewable Energy Group, Inc. recently announced its financial results for the second quarter ended June 30, 2016. Revenues for the quarter were $558.3 million. The Company sold 150.1 million gallons of fuel. Compared to the second quarter of 2015, REG sold 56.2% more gallons of fuel resulting in an increase in revenue of 49.4%. Net income […]

Americas

8minutenergy Wins 26 Megawatt Redwood Solar Farm Project in Central California

August 4, 2016 Anand Gupta

8minutenergy Renewables, LLC , the leading independent solar developer in the U.S.recently announced it has been chosen by Pacific Gas and Electric Company (“PG&E”) to develop a fourth Redwood Solar Farm project for 26 MW-dc (20 MW-ac) in Central California.8minutenergy is one of the developers building new solar resources to support PG&E’s Solar Choice program. Located […]

Americas

Sunrun Expands Working Capital Facility to $250 Million

August 4, 2016 Anand Gupta

Sunrun Inc., the largest dedicated residential solar company in the United States,recently announced it completed a $45 million increase to its corporate working capital facility, reaching a total commitment level of $250 million. Based on the terms of the loan, all $250 million in commitments are currently available to the Company. Three leading finance institutions […]

Americas

First Solar Books 121MW in Community Solar Sales

August 4, 2016 Anand Gupta

First Solar, Inc. announced recently that it has sales bookings of 121 Megawatts (MW)DC of advanced technology thin film modules which will be used in utility-based community solar installations in the United States.First Solar did not disclose the owner or offtaker of the projects, many of which are still in development and not yet announced by […]

Americas

Dominion Virginia Power to Build Solar Facility at Naval Air Station Oceana

August 3, 2016 Anand Gupta

Dominion Virginia Power, the Department of the Navy and the Commonwealth of Virginia today reached an agreement to construct a 21-megawatt direct current (18- megawatt alternating current) solar energy facility at Naval Air Station Oceana in Virginia Beach, Va.”Solar is an integral part of Dominion’s commitment to renewable energy,” said Thomas F. Farrell II, Dominion […]

Americas

GEM Energy moves up Solar Power World’s Top Lists for North American Solar Developers and Contractors

August 3, 2016 Anand Gupta

GEM Energy, of the Rudolph Libbe Group, is ranked 15th among Solar Power World’s Top Solar Developers of 2016, up from 26th place last year. GEM Energy is the only Ohio-based solar developer to make the list. GEM Energy also is 70th among the magazine’s Top 500 North American Solar Contractors, up from 133rd last […]

Americas

Alta Energy Delivers Cost-Effective Solar Energy to the Village at Westfield Topanga

August 3, 2016 Anand Gupta

Westfield Corporation, a global leader in the design, development and operation of landmark retail destinations, is integrating solar energy into its newest Los Angeles area property called The Village at Westfield Topanga. The Village’s 820 kilowatt (kW) solar system, developed in partnership with Alta Energy, a solar analytics and procurement company, is expected to provide approximately […]

Americas

Sky Solar Holdings, Ltd. Announces Acquisition of 164 MW of Solar Project Permits in the U.S.

August 3, 2016 Anand Gupta

Sky Solar Holdings Ltd. a global developer, owner and operator of solar parks, recently announced that Sky Capital America Inc., Sky Solar’s wholly-owned U.S. subsidiary, has completed an acquisition of 22.5MW development stage permits for the solar projects in California and Vermont from a California-based solar energy development company. The Company aims to enter into definitive […]