Results for: solar

March 19 2015

NextEnergy Buys Another U.K. Solar Farm Before Subsidies End

NextEnergy will acquire a 6.5-megawatt facility in Devon for about 7.5 million pounds ($11 million), it said Thursday in an e-mailed statement. That means the fund now owns 14 assets totaling about 155 megawatts for a cumulative investment of 179.2 million pounds, it said.

March 19 2015

Japan Approves 16% Solar-Tariff Cut on Falling Costs From July

The tariff for applications approved from April 1 to June 30 will be lowered to 29 yen (24 cents) a kilowatt-hour from 32 yen as proposed last month by a panel in charge of reviewing the country’s renewable-energy incentives.

March 18 2015

Japan Clean Energy Surcharges to Double for Homes, Nikkei Says

Japan began an incentive program for clean energy in 2012 including solar and wind power, and costs are passed on to consumers as surcharges.

March 18 2015

World’s First Lagoon Power Plant May Get U.K. Subsidies

The government is opening negotiations with Tidal Lagoon Power Ltd. on its planned 320-megawatt power project in Swansea Bay, Wales, Chancellor of the Exchequer George Osborne said in his budget on Wednesday. It will assess whether the plant is affordable and offers value for money, and whether it will drive down costs for similar facilities in the future.

March 18 2015

Dominion Building Solar Farm on Land Leased From Philip Morris

The 2.45-megawatt, 8,000-panel project in Chester, Virginia, is part of a program in which Dominion leases land or rooftops for solar installations, the company said Wednesday in a statement. Financial terms weren’t disclosed.

March 18 2015

Severn Trent to Invest 190 Million Pounds in U.K. Clean Energy

The utility will invest largely in solar energy and anaerobic digestion, a process that breaks down organic waste such as sewage into a biogas for generating electricity, it said Wednesday in a statement. That will take the company’s clean-energy generation to 50 percent of total consumption by 2020 from 28 percent, it said.

March 17 2015

RWE Leads $45 Million Round of Equity Financing for Conergy

RWE will own a minority stake after its investment, Hamburg-based Conergy said in a statement Tuesday. Terms and specific investment amounts weren’t disclosed for the round, and RWE was joined by existing Conergy investors.

March 17 2015

Marketplace with Scott Tong: Japan’s solar industry

https://s3.amazonaws.com/first.bloomberglp.com/multimedia/bnef/marketplace+-+japan+nuclear+wu.mp3   Wednesday, March 11, 2015: Four years after Japan turned off its nuclear generators because of the Fukushima disaster, the country is struggling to build a new electricity network. The country has invested heavily in solar, but its experience reveals the challenges involved in integrating this intermittent source of power into a grid maintained […]

March 17 2015

Vivint Solar Plans Loans for Rooftop Customers Later This Year

Most customers sign a 20-year agreement to buy electricity generated by their rooftop systems, which Vivint Solar installs and maintains. The Provo, Utah-based company hasn’t released terms and rates for the loans, though “they’ll be very similar” to mortgage rates, Chief Executive Officer Greg Butterfield said in an interview.

March 17 2015

Finance for Resilience: New ideas chosen by jury to boost clean energy & climate finance

Second edition of Finance for Resilience initiative highlights eight new proposals with significant potential to drive global investment in clean energy London and New York, 17 March 2015 – An independent panel of energy and finance experts has pre-selected eight new ideas with significant potential to accelerate investment in clean energy and climate finance worldwide. […]