Funding

Government and private funding – we need both for the energy transition
by Jill Feblowitz These days, companies and governments alike are making commitments to net zero emissions. While commitments are good, making progress requires investment. That means putting money on deploying existing technology in the near term, while continuing to fund innovation to deliver cost-effective approaches in the future. The current picture looks promising, but there is always a chance the momentum will lag. Deploying Clean Technology Despite COVID-19 and the economic down [...]
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Mosaic surpasses $4B in residential PV and energy efficiency funding
U.S. residential solar and energy-efficient home improvement financing agency Mosaic this week announced it has surpassed $4 billion in loans funded through the company’s platform. The company has also added new features to its financing program including no payments for 18-months and a 25-year term loan, which it says will make it even easier for homeowners to go solar. “Last year was an unusual time, but solar loans have proven to be a strong asset through this cred [...]
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LevelTen receives series B funding; arranges 146-MW PPA for Starbucks
Seattle, WA-based LevelTen Energy helps corporate buyers of renewable energy find and purchase energy from solar and wind projects within North America through its procurement platform. The company says its solution reduces the cost, complexity, and risk of renewable energy power purchase agreements (PPAs), by incorporating analytics, aggregation, and process best practices. [...]
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Corporate funding for solar up 10 percent year-over-year in Q12019
Mercom Capital Group released its report on funding and merger and acquisition (M&A) activity for the global solar sector in the first quarter of 2019 and found that total corporate funding (including venture capital funding, public market, and debt financing) into the solar sector in Q1 2019 came to $2.8 billion. Year-over-Year (YoY) funding in Q1 2019 was about 10 percent higher compared to the $2.5 billion raised in Q1 2018. [...]
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Report: Solar Downstream Companies Grab a Large Portion of VC Funding in Q2 2018
Total corporate funding (including venture capital funding, public market, and debt financing) into the solar sector in Q2 2018 rose 12.5 percent quarter-over-quarter to $2.8 billion from the $2.5 billion raised in Q1 2018, according to a report by Mercom Capital. [...]
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International Solar Alliance Organizing $1Trillion in Funding for Solar Projects
A global coalition aimed at supporting the use of solar power is expected to announce a slew of projects worth about $700 million during its inaugural conference this weekend in New Delhi, according to government officials familiar with the matter. The International Solar Alliance, an initiative launched at the Paris climate talks in 2015, plans to unveil 20 projects in as many countries during the event on March 11, said the officials, asking not to be identified as the information isn’t publ [...]
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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. [...]
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