Solar project finance takes 20% of Q2 US clean-tech investment - PwC

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

Investment in the US clean-tech industry topped US$5.8 billion in the second quarter of 2015, with project financing deals for solar among the most buoyant areas of activity, a report from PwC has found. 

The international consultancy’s latest ‘US Cleantech Investment and Insights’ report recorded some US$1.244 billion worth of project financing received by solar in the US during Q2.

Although this was marginally down on Q2 last year, it represents over 20% of all clean-tech investment made in the quarter.

Around half of the total project finance activity relating to solar during the quarter came from one US$669 million deal for the Silver State South PV plant in Nevada, according to the report. The plant is currently being built by US firm First Solar for NextEra Energy Resources.

The report also singled out ongoing interest in yieldcos as a noteworthy trend for the quarter.

It said the factors behind the growing interest in yieldcos – the strong dividends they offer and the low cost of capital the offer for renewable energy projects – would continue to attract investors

“Both trends are likely to continue throughout 2015 as additional potential sponsors look at yieldco listings and existing yieldcos hunt for attractive portfolios of projects to add to their asset base,” the report said.

“Future build-out of both renewable and non-renewable generation as well as supporting infrastructure due to continued low natural gas prices and environmental regulations, including the Environmental Protection Agency’s Clean Power Plan, offer additional potential growth opportunities.”

PwC said smart grid and energy storage companies had fared well in Q2, attracting solid venture capital funding, with investors apparently keen on providing later stage support for innovative battery technologies.

In total VC funding topped US$359 million, up 31% quarter on quarter.

19 August 2021
The utility-scale PV market is poised for exponential growth and yet the industry still has many fundamental opportunities to improve on standards and best practice. Tracker shade loss has been one of those topics that deserve more attention, but has been typically handled by derate factors rather than trying to accurately forecast the loss over the life of the system. Join Nextracker’s subject matter experts, Aron Dobos and Neelesh Umachandran, and Rounak Kharait, director of solar energy assessments at DNV, for a webinar about why shade modeling matters and recommendations on what the solar industry should do about it.
25 August 2021
Energy Next is a new industry exhibition focusing on the latest renewable energy and energy efficiency technology, which will be held for the first time in 2021 in Sydney, Australia alongside the Clean Energy Council’s Australian Clean Energy Summit, the peak gathering of leaders driving Australia's energy transformation. Organised by the same people behind Australia’s largest clean energy event, All-Energy Australia, Energy Next will give visitors two days of access to key suppliers in the industry, free-to-attend professional development and industry workshops, and networking opportunities to better understand clean energy issues and solutions and learn about the latest developments in this transformational, dynamic sector.
25 August 2021
The Intersolar Summit Brasil Nordeste takes place in Fortaleza, Brazil. It addresses leading local and international experts on solar power and renewable energy in the region. The Summit’s mission is to provide in-depth education, enable high-quality networking opportunities, expand the use of PV technologies at regional and national level and strengthen the local PV industry. The Intersolar Summit Brasil Nordeste is organized by Intersolar South America - Latin America’s largest exhibition and conference for the solar industry: Solar Promotion International GmbH, Pforzheim, Freiburg Management and Marketing International GmbH (FMMI) and Aranda Eventos & Congressos Ltda, São Paulo as co-organizer.
25 August 2021
Join us to hear directly from the CTOs and heads-of-research from the top-20 cell/wafer producers to the PV industry today. The event will focus on predicting the key metrics underpinning the next big shift to n-type with answers to the key questions: When will the transition to n-type happen? Which companies will be first to 10 GW capacity and production? Who will be the key equipment suppliers for the new production lines? Which n-type process flow/architecture will emerge as the front-runner? What will polysilicon purity and wafer thickness levels look like for optimized n-type manufacturing? What will the upstream poly/wafer supply-chain look like in 5 years from now?
26 August 2021
In this webinar, JA Solar will present its product portfolio based on the latest technologies to improve your PV projects, ensuring maximum reliability and performance. During the webinar we will receive insight from JA Solar about its solar technology roadmap and how the manufacturer is providing customers with innovative solutions to suit their needs, while we will also analyse how to determine the best product solution for each solar project.
6 September 2021
The 38th European Photovoltaic Solar Energy Conference and Exhibition will be held online from 6 - 10 September 2021, allowing PV experts from all around the globe to participate with just one click! The EU PVSEC is the world's leading forum for PV Research and Development and the biggest Conference on PV Solar Energy worldwide. That is why PV experts from all around the globe are keen on gathering together each year to be part of this specialist’s event, to present and discuss the latest developments in Photovoltaics, to network and to conduct business.

Read Next

PV Tech Premium
August 4, 2021
The latest installment of PV Tech’s special feature on Europe’s solar renaissance rounds-up the rest of the continent’s key markets, examining the key drivers behind solar growth in Portugal, France and the UK, amongst others.
August 3, 2021
Solar developer Pacifico Energy has started building work on a 121MWdc solar project on the site of a former golf course in Japan, with juwi Shizen Energy hired as engineering, procurement and construction (EPC) contractor.
August 3, 2021
The Australian state of Victoria has unveiled six grid upgrade projects as part of efforts to unlock new renewables investment.
August 3, 2021
AES Indiana, a subsidiary of power distribution company AES Corporation, is planning to acquire and construct a 250MW PV project paired with a 180MWh energy storage facility in Indiana.
August 3, 2021
The government of Serbia has signed an agreement with US company UGT Renewables to cooperate on the construction of solar and energy storage projects in the Balkan country.
August 3, 2021
American solar panel manufacturers Auxin Solar and Suniva have filed a petition with the US International Trade Commission (ITC) to extend a tariff system for cells and modules, despite warnings that it was damaging the US solar industry

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK