After a backlash from Illinois governor Bruce Rauner and his administration, ComEd and Exelon verbally agreed on Tuesday to ditch some of the most controversial provision in their Future Jobs Energy bill, including the mandatory demand charge.
President-elect Donald Trump has confirmed his intentions to cancel the Clean Power Plan, in a video message outlining his plans for when he takes office in January.
Sweden announces effective abolition of its solar tax, Etrion and Hitatchi High-Technologies partner on a 13.2MW project in Japan, Wynnertech supplies 20MW of inverters to a project in Iran, and Enel North America and GE Energy enter a JV.
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.
Massachusetts has recently initiated a proposal under the Baker administration to double solar energy development in the state. In related news, NRG commissions the state's largest community solar facility.