finance

Leading US residential installer SolarCity announced yesterday that it has partnered with Credit Suisse to finance more than US$300 million in solar projects.

Despite regulatory ambiguities, the general consensus from industry stakeholders at this year’s Solar Energy UK | Clean Energy Live exhibition is that Africa’s solar sector is ripe for new entrants, posing a significant opportunity that should not be missed.

SolarCity announced Wednesday that it has agreed to a partnership with Citi to create two separate funds that will finance more than US$347 million in solar projects.

The International Finance Corporation (IFC) and the Canadian government have partnered up to finance Jordan’s latest US$76 million solar plant.

A number of finance experts have confirmed that securitisation may be feasible in the near future for the US solar market, due to the maturity and low-risk nature of the industry.

Post-Brexit the world is not on fire. To learn more about the realities of the new normal, PV Tech publisher Solar Media has convened a cross-channel group of experts overseen by the law firm Eversheds and chaired by veteran energy journalist Terry Macalister. Here, he forms his first view on the mood of the assembled investors, operators and policy experts in the forum.

PV plant developer Sonnedix has acquired a 11.2MW solar portfolio including three proejcts in Italy from investment firm Trading Emissions.

Lazard, the financial advisory that advised SolarCity on its US$2.6 billion all-stock sale to Tesla, made an error in its analysis resulting in the solar installer being undervalued by US$400 million, according to a regulatory filing with the Securities and Exchange Commission (SEC).

Both the TerraForm yieldcos have delayed their Q2 2016 results. It is the third successive quarter without financial filings by both TerraForm Power and TerraForm Global.

Wave Solar, an innovative marketing software firm that delivers low-cost customer acquisition for installers, has partnered with solar loan provider Mosaic in a bid to increase competitiveness and profitability for installers.