Vivint Solar refinances tax equity funds with $313 million loan facility
The company describes the loan as an alternative to bond securitization for its residential solar projects.
SunEdison tries to back out of paying interest on TerraForm notes
The renewable energy developer cites its bankruptcy but TerraForm plans to contest the change, and in the interim will pay the interest.
CleanCapital opens C&I solar portfolio to private investors
John Hancock has invested $21 million in debt to lead financing of the portfolio.
Sunrun raises another $45 million for its working capital facility
The residential solar provider has raised the volume of the facility to $250 million.
SolarWorld Q2 shipments, revenues rise, as legal troubles mount
SolarWorld has increased its Q2 2016 shipments 39% YoY, to 342 MW, in 2016. Revenues increased almost 30% for the quarter, to €222 million ($246 million), while achieving an EBIT profit of €20.5 ($22.7 million) million.
Ygrene expands its presence in Florida’s PACE market
The renewables and energy efficiency financing provider has been chosen as the financing provider for two more cities and a county in the Sunshine State.
Soligent partners with CleanFund to offer PACE financing for C&I solar
CleanFund’s SolarPACE program offers loans with up to 30-year terms, and can enable business owners to use the federal ITC to help pay off loans.
Mercom: Total corporate funding for solar falls to lowest level in three years
Both private equity and debt funding were down significantly in Q2 and public market financing remains weak, but distributed solar project funds continue to boom.
Sungevity to go public through acquisition by asset management firm
The fifth-largest distributed solar installer in the United States will now be traded on the NASDAQ, which is expected to give it a capitalization of $607 million.
Sunrun increases rooftop solar credit facility to $245m
The U.S. residential solar company has secured an additional $40 million in working capital from investors to support the expansion of its rooftop solar projects, especially the New York market.
