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July 5 2017

BlackRock Busts $1 Billion Green Power Goal With Second Fund

BlackRock Inc. exceeded a $1 billion fundraising target for wind and solar investments for its latest global clean energy fund, underscoring investor interest in renewable energy amid policy uncertainty in key markets. The second Global Renewable Power Fund, or GRP II, managed by BlackRock’s Real Assets closed after it raised $1.6 billion from 67 pension […]

July 3 2017

Adding Solar to Wind Farms Lights Up Project Returns

This article first appeared on the BNEF mobile app and the Bloomberg Terminal. Solar equity IRR around 10% in southern U.S. states Project yields and NPV dramatically improved Solar fills the supply gaps when the wind is not blowing Source: Bloomberg New Energy Finance Renewable energy project developers and owners are increasingly looking to co-locating wind and […]

July 3 2017

German Green Power Consumption Up 7% in 2017

Green power consumption in Germany climbed 7 percent in the first half of 2017, accounting for more than a third of demand, after more onshore wind capacity was added to the grid, according to the BEE Renewable Energy Federation. Wind, solar and biomass power consumption as a percentage of all energy demand rose to 35.1 […]

June 30 2017

Solar Moves in a Curious Direction Since Trump Quit Paris Deal: Up

In the month since President Donald Trump vowed to withdraw from the Paris climate accord, shares of U.S. solar companies have taken a curious turn. They’ve gone sharply up. Sunrun Inc. and Vivint Solar Inc., the two largest independent U.S. rooftop panel installers, have embarked on their biggest rallies of the year since the president’s […]

June 30 2017

Japan’s Megabanks Vie for Top Role as Backers of Clean Energy

Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. are in a neck-and-neck race to be the biggest lead arrangers of lending to the renewable energy industry in the first half of the year, highlighting the more active financing role for Japanese banks in clean energy. Tokyo-based MUFG has the edge over Mizuho in writing […]

June 29 2017

German Tenants Win Right to Generate Solar Power on Rented Roofs

Chancellor Angela Merkel’s coalition is widening access to the solar power market for people who rent their homes in a move to boost green power’s expansion in an election year. Lawmakers are set to pass legislation dubbed “Tenant Power” on Thursday in Berlin. The bill promises owners of tenant blocks a subsidy of as much […]

June 29 2017

Solar Financier Spruce Ends Goldman-Led Review, Names CEO

Spruce Finance Inc. scrapped a strategic review being led by Goldman Sachs Group Inc. that could have resulted in the sale of the clean-energy financier. Instead, the San Francisco-based company promoted two of its senior executives and has begun selling existing loans, leases and power purchase agreements to streamline operations and focus on profitability. It also raised […]

June 28 2017

China Is About to Bury Elon Musk in Batteries

As Elon Musk races to finish building the world’s biggest battery factory in the Nevada desert, China is poised to leave him in the dust. Chinese companies have plans for additional factories with the capacity to pump out more than 120 gigawatt-hours a year by 2021, according to a report published this week by Bloomberg Intelligence. That’s enough […]

June 27 2017

Former SunEdison Solar Team Lands Funding for New Venture

Summit Ridge Energy, a new solar company led by former employees of bankrupt SunEdison Inc., obtained funding to build, finance and acquire solar power plants across the U.S. New York-based Aligned Intermediary, an investment adviser focused on climate-related projects, raised capital from five members of its team and six outside backers, said Peter Davidson, its chief executive officer […]