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 […]
US solar panel manufacturer SunPower revealed a strong Q3 despite a lack of revenue growth and a net loss. These may sound like contradictory statements, but SunPower is currently in the midst of moving towards a different financial model that focuses more on retaining assets rather than selling them — subsequently impacting the quarterly revenues […]
SunEdison has announced that they will form a new $1 billion warehouse investment vehicle that will fund construction costs and acquire operating assets. The decision comes on the heels of an odd market response to SunEdison’s record second quarter growth. SunEdison, the world’s largest clean energy developer, announced its second quarterly earnings earlier this month, including […]
SunEdison, the world’s largest renewable energy development company, announced on Wednesday, in partnership with its yieldco, TerraForm Power, that it had successfully raised the necessary $280 million 7-year loan facility of TerraForm Private Warehouse. The offering was oversubscribed, and in the end was eventually placed “with a diverse group of institutional investors.” The loan will […]
SunEdison has revealed that the IPO for its newest endeavour, TerraForm Global, raised $675 million for the new company. Originally announced back in May, TerraForm Global is SunEdison’s “emerging markets yieldco subsidiary,” which will be “formed to own and operate contracted clean power generation assets in attractive, high-growth emerging markets.” SunEdison made available 45 million […]
SunEdison has announced financial closure and beginning of construction on the 110 MW Quilapilun solar power plant in Chile. SunEdison, the world’s largest renewable energy development company, revealed earlier this week that it had secured a $160 million, long-term, non-recourse debt financing arrangement with CorpBanca, one of the largest commercial banks in Chile, and DNB, […]
China’s Yingli Green Energy has taken the yieldco approach for renewable energy project development to a new level. The company has launched bonds for specific projects to attract public funding. Yingli Green Energy recently announced bonds for a 4 MW solar photovoltaic (PV) power plant operational in China’a Hebei province. The bond issue is open for […]
Almost across the board, it is expected that the phasing out of the federal investment tax credit (ITC) for solar will result in a big drop in US solar power installations… unless it is renewed, of course. However, one segment of the market that may be nearly immune to the drop of the 30% tax credit to […]
Announcing plans to launch its first global yieldco investment structure, Canadian Solar anticipates the IPO may be available on a US Stock Exchange as early as the fourth quarter of 2015. Dr Shawn Qu, chairman and CEO of Canadian Solar, spoke recently about the new yieldco investment product under development. “We have been reviewing various options to […]