Funding
Ascent Solar Receives Funding Boost
19 June 2013POSTED IN Business News
Ascent Solar Technologies, Inc., a manufacturer of flexible thin-film photovoltaic modules, integrated into the company's new EnerPlexTM series of consumer products, announced today the signing of an agreement to raise $6 million through a private placement to a high net worth private investor in Asia.
Vacon Teams Up with Tennis Ace Jarkko Nieminen
18 June 2013POSTED IN Business News
Vacon, an AC drives manufacturer, announced today that it will serve as the official main sponsor of the Finnish tennis ace Jarkko Nieminen during the seasons of 2013 and 2014. This sponsorship agreement expands Vacon's commitment to supporting a wide range of sports, with visibility in Vacon's main market areas.
First Solar Granted PPA for 50MW Solar Plant in New Mexico
06 June 2013POSTED IN Business News
First Solar, Inc. and New Mexico State Land Commissioner announced today that First Solar, Inc. has been granted a power purchase agreement (PPA) from the New Mexico Public Regulatory Commission, clearing the way for First Solar to begin construction on the state's largest solar power plant to be located on State Trust Land in Luna County. The PPA will provide El Paso Electric Power with 50MW of solar energy for 25 years.
Skyline Innovations Receives $2 Mill in Funding
03 June 2013POSTED IN Business News
Skyline Innovations, Inc., a specialist in the financing and installation of solar water heating systems, has closed $2 million in mezzanine financing to fund its continued expansion.
Solar Finance Task Force Launches in NYC
30 May 2013POSTED IN Business News
AGRION, the global business network for energy and sustainability, will serve as a facilitator and accelerator during next month's project launch in New York City (US), which will connect individuals seeking to address the challenges and opportunities behind solar funding.
Blue Earth to Provide Solar to 24 Schools in Hawaii
29 May 2013POSTED IN Applications News
Blue Earth, Inc., a renewable energy and energy efficiency services company, announced today that its wholly owned subsidiary, Xnergy Inc. signed two agreements totaling approximately 4 megawatts with National Energy Partners, LLC for the sole purpose of building and providing operational services for custom solar PV rooftop power systems for 24 schools in Hawaii.
Gehrlicher Solar Receives Funding, Names Board Members
16 May 2013POSTED IN Business News
An international group of banks led by BayernLB has provided a financing framework totaling €85 million to Gehrlicher Solar AG, including €30 million for avals (guarantees), for another two years. The mezzanine capital of €6 million was also extended by Bayern Mezzaninekapital GmbH & Co. KG for the same period.
Funding Cuts Loom for Australian Renewable Energy Agency
15 May 2013POSTED IN Politics and Policy News
At the Solar Conference & Exhibition at the Melbourne Convention & Exhibition Centre from 23 – 24 May 2013, Lara Olsen, a consultant with the Australian Renewable Energy Agency (ARENA), will describe the organisation’s investment strategy.
Tigo Energy Completes Financing Round, Elects Zvi Alon Chairman
08 May 2013POSTED IN Business News
Tigo Energy, a specialist in smart modules and optimizers for photovoltaic (PV) solar installations, today announced that the company has appointed Zvi Alon as Chairman of the Board and finalized a round of funding led by Alon Ventures.
Conergy Builds Second 2MW Solar Plant in Romania
07 May 2013POSTED IN Applications News
Conergy is currently building another 2MW solar power plant in the Romanian region of Slobozia. It was only in January this year that the PV solution and service provider had announced its entry into the market in the Eastern European country with a 2.2MW solar park.
Conergy Enters Solar Market in South Africa
02 May 2013POSTED IN Applications News
In Cape Town, South Africa, Conergy and its partner Solsquare have built a solar plant that provides power to a home for disabled people.
Soitec Secures Financing for CPV Solar Plant in South Africa
01 May 2013POSTED IN Business News
Soitec (Euronext Paris), a specialist in generating and manufacturing revolutionary semiconductor materials for energy and electronics successfully finalised the ZAR 1,000,000,000 (more than $100 millions) solar financing bond issued by CPV Power Plant No.1 Bond SPV (RF) Ltd, an affiliate of Soitec Solar GmbH. The bonds will finance the construction of a 44 MWp utility-scale concentrator photovoltaic (CPV) solar power plant in Touwsrivier, South Africa.
Wiser Capital Aims to Expand Commercial Solar Deployment
24 April 2013POSTED IN Business News
Wiser Capital announced the launch of its service, facilitated by a first-of-its-kind online platform, matching participants in, and streamlining transactions for, third-party financed medium-sized commercial photovoltaic (PV) solar energy developments.
Conergy Completes 4.5MW Solar Plant in the UK
24 April 2013POSTED IN Applications News
Conergy announced today the completion of a 4.5MW solar farm at the end of March for the UK’s largest solar PV developer, Lightsource Renewable Energy. Conergy was the general contractor, responsible for engineering and layout, construction and component supply for the plant, which will be owned and operated by Lightsource for the next 25 years. Connection to the grid comes only weeks after Conergy supplied four other solar farms with a total capacity of 15 megawatts in the UK, which is experiencing rapid growth in large-scale solar deployment.
Being Conservative in a Liberal Industry
22 April 2013POSTED IN Guest Blogs
The solar industry should be grateful to every government that has given it subsidies. However, almost every industry should be grateful to the governments that helped them get going with subsidies, and the industries that have been well established that still get incentives should be grateful as well. In most cases however, incentives do not last forever, and they will decline in the near future. With an imminent decline and end of incentives provided by the California Solar Initiative (CSI), many businesses and consumers who are currently installing or interested in solar installations may be wondering what the end of CSI will mean for them. The key to an incentive is to get your foot into the door, set up your business, and become viable post-incentive.
Mercom Capital Reports Solar Investment Shift Toward Leasing Firms
09 April 2013POSTED IN Business News
Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the solar sector during the first quarter of 2013. The slump in global venture capital (VC) investments, which started in Q3 2012, continued, dipping to $126 million in 26 deals in Q1 2013 compared to $220 million in 27 deals in the previous quarter. This is the second lowest quarter for VC funding since 2008. In total, downstream companies, mostly solar lease companies, raised $75 million in eight deals, followed by thin film with $25 million in six deals.
Alliance Program Announces PermaCity as New Member
20 March 2013POSTED IN Business News
Panasonic Eco Solutions North America and Coronal Management, LLC, announced that PermaCity Solar, located in Los Angeles, California (US) is the first charter member to join a new solar power project Alliance Program launched by the two companies. PermaCity is a full-service solar energy company that works with customers to provide customized solutions from development and design to construction to ongoing maintenance and monitoring for solar systems.
NREL Works to Standardize Solar Finance and Reduce Risk
20 March 2013POSTED IN Politics and Policy News
The US Department of Energy's (DOE)'s National Renewable Energy Laboratory (NREL) recently convened the Solar Access to Public Capital (SAPC) working group with a mission to enable securitization of solar PV assets and associated cash flows in the marketplace.
Mage Solar Puts Solar on School in Georgia
12 March 2013POSTED IN Applications News
A unique financing model saves teachers' jobs, reduces furloughs, according to MAGE SOLAR, who broke ground on a 1.1MW solar PV system to Dublin City High School.
SkyFuel Selected for US DOE Funding
26 February 2013POSTED IN Applications News
SkyFuel’s mirror film subsidiary, ReflecTech, is one of 70 companies selected to receive funding under the US Department of Energy’s (DOE) 2013 Small Business Innovation Research program to explore new technologies with strong potential for commercialization and job creation in clean energy.
Under the program, ReflecTech will perform the fundamental research to further advance highly weatherable reflective film.
