Cleantech and Venture Capital week in review

Google (GOOG) and SunPower (SPWR) announced the creation of a $250 million fund for buying residential rooftop solar systems, aimed to “make it easier for thousands of households across the U.S. to go solar.” Google will invest $100 million, while SunPower will invest $150 million in the plan.“Essentially, this is how it works: Using the fund, we buy the solar panel systems,” Google said in a blog … [Read more...]

Google & SunPower Commit $250 Million To Residential Solar

Google & SunPower Commit $250 Million To Residential Solar (via Clean Technica) Originally published on Planetsave. Internet and solar giants Google and SunPower announced a useful break for power customers (and a small climate change deterrent) yesterday by entering a $250 million partnership in clean US home energy for the future… … [Read more...]

Venture Capital and Cleantech weekly update

 Sol Systems, a renewable energy finance firm and Hannon Armstrong Sustainable Infrastructure Capital (HASI), a renewable focused REIT, announced plans to jointly originate, structure, and fund up to $100 million of construction and term debt financing for developers and owners of distributed solar projects benefitting commercial, industrial, municipal and utility customers throughout the … [Read more...]

Toyota issues in demand Green Bonds to drive efficient vehicles

Image courtesy of Toyota Motor Corp

Last month, Toyota issued the world’s first “green bond” of asset-backed securities in the auto industry. The $1.75 billion bond’s net proceeds will be used to acquire retail installment sale contracts and lease contracts to finance new Toyota and Lexus gas-electric hybrid or alternative fuel powertrain vehicles. The bond has multiple tranches, each at a different (Moody) ratings levels: A2 … [Read more...]

Bloomberg New Energy Finance announces 1Q clean energy investment on the heels of a dynamic ‘Future of Energy Summit’

Image courtesy of Bloomberg New Energy Finandce

Clean energy investment rallied nearly 10% in the first quarter of 2014 compared to the same period a year earlier according to numbers just released by Bloomberg New Energy Finance (BNEF). This latest news comes on the heels of BNEF’s Future of Energy Summit that took place in New York last week. The conference focused on Phase Change: New Business Models, New Market Structures. It featured 40 … [Read more...]

Venture Capital and Cleantech weekly update

  SunEdison Inc. (SUNE), a solar developer, said it has sold a portfolio of projects to its wholly owned “yieldco,” using a $250 million, three-year project finance revolving credit facility it has secured from Goldman Sachs. SunEdison’s yieldco will likely debut on markets in the second quarter. It would be the first pure solar yieldco, as existing yieldcos have blended renewable and … [Read more...]

New McKinsey report discusses disruptive power of solar

Solar’s Disruptive Potential Discussed In McKinsey Report (via Clean Technica) For a variety of reasons, solar companies have had a hard time profit-wise in recent years. However, that doesn’t mean their sales haven’t been growing. The solar market has grown in size year after year, and for the companies that squeezed through… … [Read more...]

China’s Renewable Energy Revolution Has Global Implications

China’s Renewable Energy Revolution Has Global Implications (via Renewable Energy News | Alphatech5) Originally published on EnergyPost.By John Mathews and Hao Tan Image Credit: Some rights reserved by International Rivers China’s renewable energy revolution is powering ahead, with the year 2013 marking an important inflection point where the scales… … [Read more...]

Venture Capital and Cleantech weekly update

OPower (OPRW), a provider of energy efficiency and smart grid software, raised $116 million in its IPO. The company priced 6.1 million shares at $19 per share (high end of $17-$19 range), for an initial market cap of approximately $902 million. Morgan Stanley and Goldman Sachs served as lead underwriters. OPower reports a $14 million net loss on nearly $89 million in revenue for 2013, compared to … [Read more...]

Cleanweb building efficiency firm SCIenergy raises additional $12M

SCIenergy Raises Another $12M After Reemerging From Stealth Mode (via Renewable Energy News | Alphatech5) SCIenergy, a building efficiency startup that has spent the last 18 months in stealth mode reconfiguring its software product, just raised $12 million in a round led by Braemar Energy Ventures. The round also included Edison International, Mitsui USA… … [Read more...]