Results for: solar

May 26 2015

First Solar Slides Most Since November as RBC Downgrades Shares

First Solar’s revenue will barely grow this year and next, RBC analyst Mahesh Sanganeria said, compared with the company’s estimates for an increase of 19 percent in 2015 and 2.5 percent in 2016. RBC cut its rating on shares of the Tempe, Arizona-based company to the equivalent of sell from hold, and dropped its 12-month price target to $34 from $54. First Solar plunged 7.3 percent to $51.06 at 4 p.m. in New York, the steepest drop in the Standard & Poor’s 500 Index.

May 26 2015

SunEdison to Buy 60% Stake in African Power Plants From BioTherm

The plants, two solar and one wind, are selling electricity to state-owned Eskom Holdings SOC Ltd. under contracts with about 19 years remaining, according to an e-mailed statement Tuesday. The purchase from Denham Capital Management LP-backed BioTherm is expected to close “in the near future” after a review by the country’s energy department. Terms weren’t disclosed.

May 26 2015

Solar Power Agrees to Develop 500 Megawatts of Projects in Japan

SPI will own at least 51 percent of a joint venture formed with Osaka-based K.K. Uniroot to develop the solar farms in Japan, the Shanghai-based developer said in a statement Tuesday. Additional terms weren’t disclosed.

May 26 2015

Drax Providing Clean Power to Thames Water in $801 Million Deal

Thames Water will get all its electricity from renewables as a result of the deal, according to a statement on Monday from the water utility serving London. Already the utility, which provides water and sewer services to 15 million customers, gets about 20 percent of its power from wind, solar, hydro power and biogas.

May 25 2015

Goldman Sachs to Sell $1 Billion of Japanese Clean Energy Bonds

Goldman has set up the Japan Renewable Project Bond Trust to provide clean energy developers access to “large-scale, more efficient capital market financings” as an alternative to loans, the company said in an e-mailed statement.

May 25 2015

Kyocera Venture Completes World’s Largest Floating Solar Plant

The plant in Hyogo prefecture, with panels set up on a reservoir, is the world’s largest floating solar plant, Kyoto-based Kyocera said in a statement Monday.

May 22 2015

Ikea Solar Partnership With Hanergy May Be Up in Air

Ikea hasn’t decided whether it will continue working with Hanergy to offer customers rooftop panels, Hakan Nordkvist, head of sustainability innovation at Ikea, said Friday by e-mail. The Hong Kong-based solar company saw $19 billion in market value wiped out Wednesday before trading was halted.

May 22 2015

Sputnik News: Solar power in Africa is a game changer

https://s3.amazonaws.com/first.bloomberglp.com/multimedia/bnef/2015_05_14_Solar+Power+in+Africa+is+a+Game+Changer+sputniknews.mp3   The introduction of cheap solar power systems in remote and not so remote parts of Africa is changing the energy production model of Africa. This is having knock on effects on the infrastructural and political structures of many Third World countries. Nico Tyabji, an associate at Bloomberg New Energy Finance, where he coordinates research […]

May 21 2015

OneRoof Energy Getting $12.5 Million Financing for Rooftop Solar

GoldenSet Capital Partners arranged the loan, which will mature in three years and carries an annual interest rate of 15 percent, OneRoof said in a statement Thursday.

May 21 2015

Southern Acquires 103-Megawatt Solar Farm From Community Energy

The Butler power plant will be on about 1,000 acres (405 hectares) in Taylor County and is expected to be operational in the fourth quarter of next year, Atlanta-based Southern said in a statement Thursday. Terms weren’t disclosed.