FYI – Page 8

SolarCity Partners With Credit Suisse For $300M Financing

Posted by Betsy Lillian on October 18, 2016

SolarCity Corp. has created a new fund to finance more than $300 million in residential solar projects with Credit Suisse. This fund, the fourth collaboration of its kind between the two companies, follows SolarCity’s other recent financings. Last month, SolarCity [Read More]

Suntech Secures U.S. Module Insurance Backup From Munich Re

Posted by Joseph Bebon on October 14, 2016

China-based manufacturer Suntech has announced a partnership with Germany-based reinsurer Munich Re to provide insurance backup to its 25-year solar module warranty for all modules shipped to the U.S. To qualify for this insurance, Suntech says it successfully completed Munich [Read More]

BayWa Opens New PV Distribution Warehouse In Calif.

Posted by Joseph Bebon on October 12, 2016

BayWa r.e.’s subsidiary BayWa r.e. Solar Systems LLC, a U.S. solar wholesale distributor, continues its U.S. expansion by opening another fulfillment center, this time in Southern California. According to the company, Rancho Cucamonga, Calif., is a prime arterial location for [Read More]

Solar Alliance Expands Into ‘Attractive’ Colorado Market

Posted by Joseph Bebon on October 11, 2016

Solar Alliance Energy Inc. has announced the expansion of its residential, commercial and industrial solar sales and installation business into Colorado. Solar Alliance is opening an office in Denver that will service the state, and local hiring for sales positions [Read More]

SolarCity Expands Into S.C. And Starts Hiring

Posted by Joseph Bebon on October 05, 2016

SolarCity Corp. has expanded its U.S. operations and launched residential solar service in South Carolina. The solar power provider says it expects to open a local operations installation center in the Charleston area at the end of this month and [Read More]

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]