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.
The markets can be a frustrating place for the solar industry. Just ask Elon Musk. The negative perception of the SolarCity/Tesla merger often signals a lack of awareness of how far solar, energy storage and EVs have come.
More than 360 businesses and investors across more than 35 US states have called on President-elect Donald Trump to maintain the US’ commitment to carbon reduction and support investment in a low-carbon infrastructure.
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.
The Coalition for Community Solar Access (CCSA) has released a community solar policy decision tool that provides actionable recommendations for developing community solar programmes nationwide.
8point3 Energy Partners has agreed to acquire First Solar’s entire 34% stake in the 300MW Stateline solar PV project in California for US$329.5 million.
