Tag: financing
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Sunnova updates: SunSafe System hits Florida, 15-year add-on battery financing up in all markets
Sunnova Energy International Inc. made a few announcements to close out 2019: 1) The expansion of its Sunnova SunSafe solar + battery storage system offering into the state of Florida, 2) the addition of a 15-year financing plan for add-on solar battery storage. This new, first of its kind, 15-yearRead More — Solar Builder magazine
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BP increases investment in solar developer Lightsource BP to 50 percent
The management of Lightsource BP and BP have agreed to equalize their shareholdings in Lightsource BP to create a simplified 50:50 joint venture structure. As part of the transaction, BP will purchase newly-issued equity in the business to help accelerate Lightsource BP’s growth, supporting its drive toward 10 GW ofRead More — Solar Builder magazine
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Push for responsible banking? Climate-focused resolutions filed with JPMorgan Chase, Wells Fargo, other top banks
A coalition of investors — Walden Asset Management, Presbyterian Church USA, and First Affirmative Financial Network — led by shareholder advocate As You Sow recently filed climate-focused resolutions with a large segment of the U.S. banking industry, including JPMorgan Chase & Co, Wells Fargo, Bank of America, Goldman Sachs, andRead More — Solar Builder magazine
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BlackRock hits a record $1 billion first close for its third global renewables fund
BlackRock Real Assets has achieved a $1 billion first close for its Global Renewable Power III fund (GRP III) with commitments from over 35 institutional investors in North America, Europe and Asia. The record first close reflects strong investor demand for renewable power assets that can potentially generate attractive riskRead More — Solar Builder magazine
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LoanPal adds PenFed Credit Union to home solar financing platform
PenFed Credit Union, the second largest federal credit union in the United States, is partnering with Loanpal, a leader in new residential solar loans, to use its platform to finance more quality home solar projects. Loanpal is responsible for more than $2 billion in residential solar loans since 2018 and 30%Read More — Solar Builder magazine