Faced with a liquidity crisis caused by the due diligence period associated with the proposed purchase by Tesla, SolarCity has secured major new funding from CitiBank to give the company room to continue normal operations.
A new solar power fact sheet and report were recently published by the Mercom Capital Group, a cleantech communications and research firm. Some of the key findings showed decreases in solar power funding, but there were some good signs too. Total corporate funding decreased to $1.7 billion for the second quarter, compared to the figure […]
India is on pace to install nearly 5 gigawatts of new solar power this year. A new report urges farmers to use solar pumps to irrigate their fields.
The struggle in Maine between local utilities, solar power owners and politicians is a microcosm of what is happening in many states today. Entrenched interests are trying to protect their economic fiefdoms despite the harm done to the environment by burning fossil fuels to make electricity.
Ukraine has a plan to turn the tortured land around the failed nuclear reactor at Chernobyl into productive use by installing an enormous solar power installation and is looking for investors.
A community solar power farm has been installed by Anesco at Oxcroft on behalf of Chesterfield Community Energy. Profits made by selling the electricity will be deposited in a community fund to support local residents. The solar farm is expected to generate about 4,000 MW of electricity annually. Additionally, it is anticipated that it will […]
The National Renewable Energy Laboratory (NREL) has issued a new analysis exploring the potential impact of recently extended federal tax credits concerning the deployment of renewable generation technologies and related CO2 emissions from the US electric sector. The report, Impacts of Federal Tax Credit Extensions on Renewable Deployment and Power Sector Emissions, details the use of state-of-the-art […]
According to a report from Mercom Capital Group, the amount of global corporate funding in the solar sector in 2015 was $25.3 billion. This figure was down slightly from $26.5 billion in 2014. Some of funding sources were: debt financing, public market financing, yieldcos, and venture capital/private equity (VC). “Overall it was a good year for […]
Mongoose Energy is located in Bristol, England and helps renewable energy installations get developed, funded, and constructed. In November, BusinessGreen reported that £3 million had been raised by Mongoose for community renewable energy projects. However, on its own site Mongoose wrote that the amount it raised was £4.810 million and that a record £7.825 million had been raised by […]
Japan’s telecom group Softbank intends to expand its diversification in the solar power sector and offer engineering, procurement and construction services through a new Joint Venture (JV) with Sharp Corporation. Both the Japanese firms are expected to form a joint venture in December with an estimated capital of around USD $1 million. SoftBank’s SB Energy, […]