Residential PV services provider OneRoof Energy, a subsidiary of OneRoof Energy Group, has signed a US$50 million construction loan facility with Black Coral Capital, a current investor in the company. In addition, Black Coral has funded US$9.05 million of working capital in secured non-convertible notes to support solar 2.0 national growth strategy.
Apple plans to sell excess electricity generated by solar panels on the roof of its new Cupertino, California HQ in efforts to trade on the energy market.
The North American single-axis tracker market has increased by over 100%, year-over-year, to reach US$1.2 billion in 2015, and is forecasted to grow 20% to US$1.4 billion this year – according to new analysis by IHS.
The US and India partnered on new renewable energy initiatives totalling a US$1 billion during prime minister Modi’s visit to the White House on Tuesday.
The largest Property Assessed Clean Energy (PACE) bond securitisation has been completed. The securitisation, HERO 2016-2, includes US$305,313,000 in Class A Notes, secured by 13,432 PACE assessments levied on residential properties in 31 counties across the state of California.
Arizona Public Service (APS) has requested the Arizona Corporation Commission for the first rate review in five years, with proposals that include an unprecedented mandatory demand charge and the elimination of net-metering.
This week, Maryland governor Hogan vetoed the Clean Energy Jobs – Renewable Energy Portfolio Standard (RPS) Revisions bill (SB0921/HB1106) that would have increased the renewable energy mandate to 25% by 2020, up from the existing 20% target by 2022.
