FYI

SolarCity Secures New Financing From Citi

Posted by Joseph Bebon on September 28, 2016

SolarCity Corp. has partnered with Citi to create two separate funds to finance more than $347 million in solar projects. The first fund is expected to finance more than $284 million in residential solar projects across the U.S. The second [Read More]

SoCal Installer Verengo Plans Sale Under Chapter 11 Process

Posted by Joseph Bebon on September 26, 2016

Southern California residential solar provider Verengo Inc., which says it has installed over 20,000 systems since 2008, has entered Chapter 11 bankruptcy proceedings in connection with the proposed sale of its business. In a press release, the installer says it [Read More]

Ten K Solar Inks Exclusive Distribution Deal In China

Posted by Joseph Bebon on September 23, 2016

U.S.-based PV manufacturer Ten K Solar and Asia Clean Capital (ACC) have announced an exclusive distribution agreement for the Mainland China market. Under the terms of the agreement, ACC will develop solar projects in China using Ten K’s patented solar [Read More]

Heliatek Raises Financing To Expand Manufacturing Capacity

Posted by Joseph Bebon on September 22, 2016

Heliatek, a Germany-based organic photovoltaic thin-film manufacturer, has secured a EUR 80 million ($88 million) round to finance the expansion of its HeliaFilm manufacturing capacity. Heliatek plans to install a new manufacturing roll-to-roll facility on its site in Dresden, Germany, [Read More]

Vivint Solar Expands Into The Lone Star State

Posted by Joseph Bebon on September 21, 2016

Residential solar provider Vivint Solar has announced its expansion into Texas, with services beginning in the Austin area. The company says the Texas market presents a compelling opportunity. “Our new market in Texas is evidence of growing demand for residential [Read More]

Duke Energy And Nonprofit To Help N.C. Schools Go Solar

Posted by Joseph Bebon on September 21, 2016

For some North Carolina students, learning about solar power will soon be as easy as looking outside their school windows. Duke Energy, through nonprofit NC GreenPower, has announced it will invest $300,000 in solar PV systems for up to 10 [Read More]

Canadian Solar Secures $100M Financing Deal From EDC

Posted by Joseph Bebon on September 21, 2016

Canadian Solar Inc. has signed a financing agreement with Export Development Canada (EDC), which has agreed to provide guarantees or letters of credit of up to $100 million to the solar company to support its global activities of project development. [Read More]

SunPower Acquires Remaining Stake In Malaysian Cell Plant

Posted by Joseph Bebon on September 20, 2016

U.S.-based SunPower Corp. is purchasing Taiwan-based AUO’s portion of the two companies’ joint venture, which they established in 2010 and manufactures solar cells at an 800 MW factory in Melaka, Malaysia. Under the stock purchase agreement, SunPower will pay AUO [Read More]

Florida Power & Light Marks Milestone For 2016 Installed Solar

Posted by Betsy Lillian on September 16, 2016

Florida Power & Light Co. (FPL) says it has installed its 500,000th solar panel for the year – which marks the electric utility’s halfway mark to a goal of 1 million newly installed panels in all of 2016. The newest panels [Read More]

Innovative Solar Systems Seeks Partner For 68-Project Portfolio

Posted by Betsy Lillian on September 16, 2016

Asheville, N.C.-based developer Innovative Solar Systems (ISS), the parent company of Solar Farms LLC, is seeking a financial and strategic partner to invest in a portfolio of 68 solar farms. ISS says it is seeking up to $30 million to [Read More]