FYI – Page 9

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]

In Latest Cash Equity Transaction, SolarCity Grabs $305M

Posted by Betsy Lillian on September 12, 2016

SolarCity Corp. has raised $305 million in its second cash equity transaction. A private investment fund affiliated with Quantum Strategic Partners Ltd. and advised by Soros Fund Management LLC provided the investment in a portfolio of residential, commercial and industrial [Read More]

SoCal Bank Launches Solar And Renewables Lending Group

Posted by Betsy Lillian on September 12, 2016

Orange County, Calif.-based Pacific Mercantile Bank has launched a solar and renewable energy lending group, which the firm says will offer specialized financing to companies engaged in renewable energy projects across the U.S. The new lending group will be led [Read More]

Vaisala Launches Online Solar Time Series Tool

Posted by Joseph Bebon on September 07, 2016

Vaisala, an environmental and industrial measurement company, has launched a subscription-based online service that the company says will allow solar project developers, operators and engineering teams to minimize long-term resource risk and improve energy estimates. To date, the solar industry [Read More]

Live Oak Bank Creates Utility-Scale Solar Lending Division

Posted by Joseph Bebon on September 07, 2016

North Carolina-based Live Oak Bancshares has officially launched a new lending division focused on financing for utility-scale solar energy projects nationwide. The bank typically funds projects in the range of 1 MW to 25 MW. Live Oak says it assembled [Read More]

CAISO Works To Improve Renewable Energy Integration

Posted by Joseph Bebon on September 02, 2016

The California Independent System Operator (CAISO) board of governors has accepted proposed tariff revisions that the grid operator says will ensure solar, wind and battery storage resources can provide needed grid services. In doing so, renewable resources will adjust their [Read More]

Pine Gate Renewables Secures Funding From New Energy Capital

Posted by Joseph Bebon on September 02, 2016

Pine Gate Renewables LLC, a North Carolina-based solar project developer, has announced $20 million in new project financing from investment affiliates of New Energy Capital Partners. This funding will enable Pine Gate Renewables to develop, build and bring online a [Read More]

J.P. Morgan Asset Management Acquires Sonnedix

Posted by Joseph Bebon on September 01, 2016

Institutional investors advised by J.P. Morgan Asset Management have acquired substantially all of independent solar power producer Sonnedix Group, according to the companies. Financial details of the deal were not disclosed. The announcement comes less than two years after the [Read More]

GE Joins MIT Energy Initiative To Advance Tech R&D

Posted by Joseph Bebon on August 31, 2016

In an effort to fund advanced technology solutions to help transform global energy systems, GE is joining the MIT Energy Initiative (MITEI), the Massachusetts Institute of Technology’s hub for energy research, education and outreach. As a sustaining member of MITEI, [Read More]