Banks getting into the sector still makes news, which I think is great because it puts a name to the face. The face, of course, is the $150billion that came into the solar space in 2015. Bank of America is the brand that makes the rest of the market feel the competition for projects that are looking for the money. On Friday, BoA announced a new fund for SolarCity and has great credibility with retail investors. So as we enter a week of public failure in the solar space, remember the billions that fund solar projects every single week. The next step is to reduce the spread between project returns on where comparable real estate assets get funded.
- Renewable Energy World: Banks Pledge $7BN to Scale Up Clean Energy Investment
- Fortune: Financial Turmoil at SunEdison Imperils Solar Projects Worldwide
- Boston Globe: Governor Baker to sign solar compromise
- Breaking Energy: China Gives Green Light For Green Bonds
- PV-Tech: SolarCity’s 1GW Buffalo fab using technology from Japan, Germany and Taiwan
- Renew Economy: WA takes lead and tells utility to close down fossil fuel generation
- Think Progress: Sorry, Feds – Kids Can Sue Over Climate Negligence, Judge Says
- Star Tribune: Report faults Xcel’s handling of solar garden project
Opinion
Have a great day!
Yann