Category Archives: Finance

Who Finances Residential Solar in 2014?

Last month GTM Research published its latest report on residential solar financing.  As part of that update on the leaders and trends in the industry, we outlined the top (and emerging) finance providers in the market. via Who Finances Residential … Continue reading

Posted in Electricity, Energy, Finance

Solar YieldCos: Proven Concept or Hype?

There has been a lot of excitement around YieldCos and their ability to improve the financing prospects for solar. Major solar companies like Canadian Solar, First Solar, JinkoSolar, SunEdison and SunPower all seem to be investigating the possibilities of launching … Continue reading

Posted in Electricity, Energy, Finance

The $100 Million Green Bond From Hannon Armstrong

Infrastructure investor Hannon Armstrong took a big step toward a new clean energy investor pool with the launch of its $100 million green bond offering. “This is the securitization of assets that were on our balance sheet,” said Jeffrey Eckel, … Continue reading

Posted in Electricity, Energy, Finance

Why Treasury Is Investigating SolarCity and Solar Third-Party Funds

The Treasury Department is investigating charges that SolarCity and other third-party solar funds inflated the value of their installations to drive more investment tax credits to their investors. Insinuations of federal tax benefit abuses are common from anti-renewables forces, but … Continue reading

Posted in Electricity, Energy, Finance, Policy

SolarCity Announces Pricing of Securitization

SolarCity(R) (SCTY) today announced the pricing of the offering by its wholly-owned subsidiary, SolarCity LMC Series I, LLC, of $54,425,000 aggregate principal amount of Solar Asset Backed Notes, Series 2013-1 (the \”notes\”). The notes were priced on November 13, 2013 … Continue reading

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Solar Energy and Financing Construction

The energy finance community has been eagerly anticipating the introduction of solar asset-backed securities – “solar securitization,”  – for at least three years, and may be waiting for another year or more. But sooner or later, securitization is coming to … Continue reading

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SEC Clarifies Crowdsourcing Rules, What’s the Impact on Renewables?

The SEC has finally proposed its rules to allow crowd-funding under the Jumpstart Our Business Startups (JOBS) Act. What do they mean for small-scale investments in renewable energy companies and projects? Title III of the JOBS Act created an exemption … Continue reading

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Oil Pricing and Limitation

If a person reads US newspapers, it is easy to get the impression that all of the world’s oil problems are over. But this is not really the case. An Overlooked Part of the Problem: High Oil Prices A major … Continue reading

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Staying afloat as assets get stranded

Stranded assets – assets that are unexpectedly or prematurely devalued, converted to liabilities or written off – are part of the creative destruction that drives capitalism. Asset stranding of this kind regularly results from changes in technology, regulation or public … Continue reading

Posted in Energy, Finance

A Clean Energy REIT: Hannon Armstrong Sustainable Infrastructure

On April 18th, Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) IPOed on the New York Stock Exchange.  HASI is one of only two publicly traded Real Estate Investment Trusts (REITs) dedicated to sustainable infrastructure.   The other such sustainable REIT is … Continue reading

Posted in Electricity, Energy, Finance