Solar Financing Explained

Equipment leasing has been used for much of the last century by airlines, railroads, utilities, oil and gas developers and other industries as a way to finance expensive equipment. Indeed, equipment leases and similar instruments account for more than $600 billion of business each year. This number is remarkable as it constitutes more than half … Continue reading Solar Financing Explained

Yingli, Munich Re Enter Performance Warranty Agreement

Yingli Green Energy has signed a module performance warranty insurance agreement with one of Munich Re's specialty primary insurers. Under the terms of the agreement, Yingli Green Energy and Munich Re will provide additional economic security for large-scale commercial and utility project developers, investors and debt providers. The agreement will cover Yingli Green Energy's multicrystalline … Continue reading Yingli, Munich Re Enter Performance Warranty Agreement

Renewable Energy REITs or MLPs Would Unlock Billions for Project Development

Top engineering, procurement and construction firms gathered to network, learn and do business with corporate-level project developers at the PGI Financial Forum, one of four co-located events that took place in Orlando, Fla. earlier this month. Richard Kauffman, Senior Advisor to the Secretary of the U.S. Department of Energy, gave the keynote address during a … Continue reading Renewable Energy REITs or MLPs Would Unlock Billions for Project Development

Drilling for Dollars: Notable Developments in Geothermal Finance

Geothermal capacity additions are on track to top 100 MW in 2012, making this year one of the best for geothermal deployment in the last decade [1,2]. This could be a tentative sign that conditions have been improving for geothermal finance (traditionally, finance has been one of the principal barriers to the technology's wider adoption). … Continue reading Drilling for Dollars: Notable Developments in Geothermal Finance

To Insure or Not to Insure: PV’s New Fangled Warranty Insurance Option

It is no secret that the last couple years have been rough for PV manufacturers globally. Panel makers have had to contend with compressed profit margins and an oversaturated market, both of which have driven many firms to shutter operations and enter into bankruptcy protection. Facing the difficult task of betting on which companies will … Continue reading To Insure or Not to Insure: PV’s New Fangled Warranty Insurance Option

How Do We Lower Solar Installation Costs And Open The Market To Securitized Portfolios: Standardize And Harmonize

Soft costs can be pretty tough. The cost of solar installations can be generally separated into “hard” costs — representing primary components such as modules, racking, inverters — and soft costs including legal, permitting, and financing. While the former group — particularly modules — have dropped dramatically over the last several years, the latter have … Continue reading How Do We Lower Solar Installation Costs And Open The Market To Securitized Portfolios: Standardize And Harmonize

Connecticut’s Solar Lease Program Demonstrates High Borrower Fidelity

Third-party financing has become the mechanism for funding solar at the residential level in many markets. For example, third-party financed systems—which can include solar power purchase agreements (PPAs) and solar leases—are reported to have made up two-thirds of installations in the California market during the first half of 2012 [1]. The reason for their popularity? … Continue reading Connecticut’s Solar Lease Program Demonstrates High Borrower Fidelity

Solar REITs: A Better Way to Invest in Solar

Solar panel prices have continued to drop this year, but solar project development remains a capital-intensive business.  The 1603 program allowed solar developers to monetize the solar investment tax credit (ITC) much more quickly than they could otherwise, and this essentially reduced their cost of capital.  As the rush of projects begun before the end … Continue reading Solar REITs: A Better Way to Invest in Solar

Discount rates: A boring thing you should know about (with otters!)

How much is it worth to us today to avoid climate disruption later this century? To understand how that question has typically been answered, you need to understand what economists call “discount rates,” key parameters in the economic models used to assess climate policy costs. Such models inform policymaking and shape conventional wisdom, but their … Continue reading Discount rates: A boring thing you should know about (with otters!)

Bob Lutz: GM Not Losing $49,000 Per Volt

I was surprised to read Ben Klayman’s piece on alleged astronomical per-unit losses on the Chevrolet “Volt.” Ben is usually a solid professional who checks his facts. The statement that GM “loses” over $40K per Volt is preposterous. What the “analyst” in whom poor Ben Klayman placed his faith has done is to divide the … Continue reading Bob Lutz: GM Not Losing $49,000 Per Volt