The International Finance Corporation (IFC) and FMO, the Dutch development bank have invested a collective €14.62 million (US$15.52 million) in Mobisol, a German pay-as-you-go (PAYG) solar service company, in order to deliver renewable energy solutions to off-grid communities in East Africa.
Shattering all previous quarterly results, a whopping 4,143MW of solar PV were installed in Q3 2016, at a rate of one megawatt every 32 minutes, according to new analysis by GTM Research and the Solar Energy Industries Association (SEIA).
Mosaic, the leading provider of solar loan financing for homeowners, announced the closing of a US$250 million warehouse facility with Deutsche Bank as the arranger and administrative agent. Along with recent upsizes to Mosaic's existing warehouse facility and a forward flow whole loan sale arrangement, this deal with provide Mosaic with US$550 million of new loan funding capacity.
Illinois utility groups Exelon/ComEd are attempting to pass a legislative energy bill that would implement a mandatory demand charge and could result in “the largest rate hike in US history”, according to Dave Lundy from the BEST Coalition.
Neo Solar creates a new IPP for PV projects, Vivint Solar secures US$200m in tax equity, OneRoof closes new fund, and Mexico to small-medium-scale residential solar t by 71%.
The Canadian federal government has pledged to run all its operations on renewable energy by 2025, according to environment minister Catherine McKenna.
