Solar Finance – Leaf EU Fri, 22 Oct 2021 22:18:23 +0000 en-US hourly 1 Solar Finance – Leaf EU 32 32 County approves resolution to consider IRB for Encino North solar farm Fri, 22 Oct 2021 22:18:23 +0000

BERNALILLO – Sandoval County is moving forward by authorizing a second solar farm along Encino Road.

The committee unanimously approved a resolution Thursday to consider an industrial tax liability that would go to the Encino North solar farm, more than two years after the existing Encino solar site came on the scene.

“(Additional renewables) a goal in itself, but also an increase in tax revenue in the form of LTCP payments to the county,” County Director Wayne Johnson told the Observer. “Right now you have mostly farmland with a very low tax rate… It’s a great way to generate income for the county. “

LTCP refers to payment in lieu of taxes, whereby a business accepts payment to a government entity instead of paying taxes.

Rob Burpo, president of First American Financial Advisors, told the board that the Encino North site will span 494 acres at an estimated cost of $ 50 million and utility PNM will be the initial purchaser. under a power purchase contract.

Burpo also told the council that solar farms are designed to generate lower consumption rates.

The commission previously approved an industrial revenue bond worth up to $ 70 million in 2019 to finance the construction of the first facility. The existing solar park, about 15 km northwest of Unser Boulevard and Paseo del Volcan, generates a LTCP of $ 100,000 each year. The Encino Nord site will be just north of the existing site.

Johnson told the Observer the county can officially launch negotiations on IRB terms for the Encino North solar farm.

He also said it was possible that the new farm could create 150-200 new construction jobs.

“The way IRBs work is that ownership over the life of the IRB actually belongs to the county, where the tax deduction comes from, which is why you are negotiating LTCPs,” Johnson said. “It’s a lot of money over time, but it keeps these projects working over time. “

The Encino North solar park would be developed by New Mexico Renewable Development, a company between PNM and American Electric Power. The project will have up to 50 megawatts of generation capacity.

“The county’s goal is relatively straightforward in this case: we now have higher incomes than we would ever have obtained from the land if it had not been developed for other purposes,” Johnson said.

The amount of income from the new project remains to be determined.

Sandoval County will get about two-thirds of the LTCP for the new solar farm. About 33% of the PILT funding for the new project will go to five school districts in the region: Rio Rancho public schools, Bernalillo public schools, Jemez Valley public schools, Independent schools in Cuba, and public schools in Cuba. Albuquerque (due to places like Corrales Elementary School, Burpo noted).

Johnson told the Observer there was a change in the law regarding LTIP distributions during the last legislative session to require that this money be divided equally among these school districts. Johnson said that before the change, only public schools in Jemez Valley were benefiting from the 2019 solar farm project.

Construction of the Encino North solar park project is expected to begin in the spring of 2022, and power generation will begin in June 2023.

Source link

Ascent Solar’s custom-designed photovoltaic device demonstrated exceptional device stability retaining up to 92% of original power during the space flight experience Thu, 21 Oct 2021 10:00:00 +0000

THORNTON, CO, Oct 21, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Ascent Solar Technologies, Inc. (OTCMKTS: ASTI), developer and manufacturer of advanced, lightweight and flexible thin-film photovoltaic (PV) solutions (“Ascent” or the “Company”), announces that its photovoltaic solution specifically designed for a flight experiment conducted by NASA’s International Space Station Materials Experiment (MISSE-X), exceeded expectations for performance and energy retention; validate Ascent’s ability to create custom-designed solar energy solutions for the extreme conditions specific to the space industry. The results of the experiment were announced by NASA at its 26th Photovoltaic Space Research and Technology Conference (SPRAT) held virtually on October 20, 2021 in Cleveland, OH.

At the conference, Dr.John Carr, Deputy Chief Technologist of the Center for NASA MSFC, presented data that validated the performance of Ascent Solar’s flexible PV CIGS in space environmental tests on the ground with coatings of appropriate space protection. The results of the NASA MSFC data correlated with the performance of the International Space Station (ISS) compared to the MISSE-X flight experience. This flight experience allowed Ascent’s PV to retain 92% of its start-of-life (BOL) power, exceeding NASA’s MSFC ground data forecast for about a year in orbit. These data have been summarized in the context of ongoing investigations conducted by NASA MSFC, into the viability of lower cost photovoltaic technologies and solutions, and the significant advantages they can have over current “space power” technologies. .

Ascent’s flexible, ultralight and monolithically integrated PV are based on copper-indium-gallium-selenium (CIGS) chemistry and will benefit a variety of future missions, ranging from CubeSats, solar sails and potentially missions to the Moon and March. As with other space programs, NASA MSFC several years ago began studying the company’s monolithically integrated flexible CIGS for a wide range of applications. This includes its use both in the upcoming LISA-T demonstration, which is part of NASA’s Pathfinder Technology Demonstrator 4 CubeSat (slated for launch in 2022), and in the upcoming Solar Cruiser.

Dr Joseph Armstrong, founding team member, CTO and COO of Ascent Solar, said: “We are extremely pleased with the reported ground test results, as well as the way the predictions of these results were exceeded by the actual MISSE. -Experimental results in X-flight. The inherent radiation resilience of our lightweight and flexible photovoltaic technology, coupled with the robustness of the monolithic integration process, has proven to be a unique and robust solution for space. In fact, the only real but positive surprise from the MISSE-X was that the bare control sample from our CIGS module actually retained almost 76.1% of its BOL power, despite the lack of a protective cover and visible damage from ultraviolet light and atomic oxygen.The data presented at the conference indicates that we are ready for more difficult missions, such as LISA-T and Solar Cruiser, and also reinforces the choice of other customers who develop future applications using our erial PV mat. We also congratulate the NASA teams who were able to provide us with this data in very harsh environments here on earth. “

Victor Lee, President and CEO of Ascent Solar Technologies, concluded: “I would like to congratulate and congratulate our team, as well as those at NASA and our industrial partner, NeXolve, who have worked diligently on this. project for many years. These test results certainly set the stage for the potential for Ascent’s future involvement with LISA-T and Solar Cruiser, as well as some internal projects, which are designed for Ascent to move up to TRL (Technology Readiness Level) 7 and possibly to Level 8 (Space Qualified) in the near future The space community is extremely careful and takes no risk of failure, which is why these early flight opportunities that would establish a higher TRL will encourage the industry to adopt our product flexible, robust and very high specific power photovoltaic in the near future.


Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and more robust than traditional solar panels. Ascent Solar modules have been named one of the Top 100 Technologies by R&D Magazine and one of TIME Magazine’s 50 Best Inventions. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. Ascent Solar is headquartered in Thornton, Colorado, and more information can be found at

Forward-looking statements

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements”. These forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company’s actual operating results to differ materially from historical results or future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe these risks and uncertainties, readers are cautioned to consider statements which contain terms such as “belief”, “belief”, “expect”, “expect”, “Intention”, “intention”, “anticipate,” “anticipate”, “plan”, “plan”, to be uncertain and forward-looking. Nothing in this press release should be construed as any indication of our future earnings, share price or results of operations. The forward-looking statements contained in this document are also generally subject to other risks and uncertainties which are described from time to time in the documents filed by the Company with the Securities and Exchange Commission.

Solar Ascension Technologies
Investor Relations:

Source link

Two School Divisions in Southwest Virginia Go Solar Tue, 19 Oct 2021 16:01:00 +0000

Wise and Lee County schools hire Secure Futures to install a total of 3.2 megawatts of solar power systems on 9 campuses

Posted: October 19, 2021 at 12:01 p.m. EDT|Update: 6 hours ago

STAUNTON, Virginia., October 19, 2021 / PRNewswire / – Secure Futures Solar signed an agreement with school divisions in Wise and Lee Counties Southwest virginia install on-site solar energy systems at nine campuses in both counties. Both school divisions will receive solar power equipment at no up-front cost funded by power purchase agreements. All solar projects will also include, at no additional cost, services to support workforce development and to add clean energy lessons to school curricula.

Secure Futures Logo (PRNewsfoto / Secure Futures LLC)

In Sage county, solar power systems will be installed at four elementary and middle school campuses under 20-year PPA, expected to save the school division $ 7.5 million over the life of solar equipment by helping to reduce the demand for electricity from the local electric utility. In Lee County, five elementary, middle and high schools will house solar power systems under a 25-year PPA, which is expected to save $ 4 million in energy costs avoided. Three campuses of Lee County Schools will also receive roof restoration services under the school division’s solar power purchase agreement.

Sage county represents the first “ambassador” project in a campaign known as Securing Solar to Southwest virginia founded to install solar power, create well-paying clean energy jobs and establish a local solar energy industry in the coal region of Southwest virginia. The initiative, a partnership between Secure Futures and the Solar Workgroup of Southwest virginia, has committed to install five solar ambassador projects over a two-year period with a total generation capacity of ten megawatts.

“We are delighted that the campaign has reserved its first two projects within days of each other,” said the president of Secure Futures. Anthony smith. “The switch to solar power will help schools in Wise and Lee Counties save money on electricity which they can invest in their basic educational mission. Both projects will also provide a ramp for local workers to the solar industry, the fastest growing job creator in United States today.”

The Securing Solar campaign supports economic development of the coal region that is both financially and environmentally sustainable through a unique approach to seed a locally based solar industry in Southwest virginia.

First, the campaign offers vocational training to help local workers qualify as certified solar installers through a partnership between Mountain Empire Community College and local vocational technology and high schools. But, unlike other workforce development efforts that train workers but do not offer them immediate employment (an approach known as a ‘push and pray’), Securing Solar will directly train workers. Newly trained solar installers to work on live projects in the region (an approach called “demand-pull”).

Second, the campaign founded a local solar installation company, Lonesome Pine Solar, to employ newly trained workers on projects developed by the Securing Solar campaign. Starting with Wise and Lee County Schools, the start-up will continue to employ workers to carry out future Securing Solar projects. Once the campaign is over, Lonesome Pine will remain to provide on-site solar power to commercial and residential solar customers in Southwest virginia.

“We hope that the momentum of our ambassadorial projects will stimulate demand for additional schools, hospitals, businesses and homeowners to switch to solar energy in Southwest virginia and consider Lonesome Pine as their first choice, ”said Smith. “With enough activity, this local effort can generate more solar jobs and spill over into local spending and investments that benefit the entire community.

Recent changes to state law covering Appalachian Power and Old Dominion Power utility territories have made distributed solar projects more viable in Southwest virginia. Bills passed by the Virginia General Assembly and sponsored by Sen. John edwards of Roanoke, Of the. Chris Hurst of Blacksbourg and Del. Terry kilgore of City Gate lifted restrictions on net metering and clarified that public entities such as schools, town halls, libraries and landfills are allowed to finance solar projects through power purchase contracts.

About Secure Futures, LLC
As a market and policy leader, Secure Futures builds, owns, manages and finances at an affordable price Resilient solar solutions® for colleges and universities, schools, hospitals and businesses. Situated at Staunton, Virginia., with offices in Richmond, Virginia, Wise, Go, and Charlotte, North Carolina, the company combines cutting-edge solar technology with an innovative business model to make commercial-scale solar power easily affordable in the Mid-Atlantic and Southeast, helping customers realize the economic, environmental benefits and community solar energy. As a certified B Corp®, Secure Futures has met the rigorous standards of social and environmental performance, transparency and accountability established by the non-profit association B Lab®. For more information:

Media contact:

Erik Curren
Marketing advisor
Secure term solar
(540) 466-6128

View original content to download multimedia:

SOURCE Secure Futures LLC

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.

Source link

Curtain up for the Fourth General Assembly of the International Solar Alliance | Odisha News | Latest Odisha News Mon, 18 Oct 2021 11:58:48 +0000

New Delhi: The Fourth General Assembly of the International Solar Alliance (ISA), will be held virtually between October 18-21, 2021, and will be chaired by RK Singh, Minister of Energy, New and Renewable Energies, Government of India and the President of the ISA Assembly. The President’s special envoy for climate, John Kerry, will deliver the keynote address on October 20, while the European Commission’s executive vice-president for the European Green Deal, Frans Timmermans, will also address the meeting on October 20.

The ISA Secretariat has scheduled a series of technical sessions on various ISA strategic initiatives on October 18, 2021, and technical sessions on various emerging issues in the solar and clean energy sector in partnership with partners and other organizations on October 20 and 21, 2021.

ISA Fourth Assembly to deliberate on key initiatives around the operationalization of the OSOWOG initiative, the $ 1 trillion solar investment roadmap for 2030 and the approval of a joint mechanism financial risk mitigation. World leaders from ISA member countries will also discuss ISA’s strategic plan for the next five years encompassing a national partnership framework, a private sector engagement strategy and initiatives such as the ISA funding program. ‘sustainability gap to facilitate affordable financing for solar power projects across ISA. membership. The ISA will also discuss the partnership with the Global Energy Alliance (GEA) to scale up technical and financial support to LDCs and SIDS.

A detailed report on OSOWOG is expected to be discussed in the Assembly. The concept of a single global solar power grid was first presented at the first ISA assembly in late 2018. It envisions building and scaling up interregional power grids to share the solar energy across the world, taking advantage of differences in time zones, seasons, resources and prices between countries and regions. OSOWOG will also help decarbonise energy production, which is today the largest source of global greenhouse gas emissions.

With India’s Ministry of New and Renewable Energy, the World Bank and ISA signing a tripartite agreement on OSOWOG, the initiative could be the world’s most important renewable energy catalyst. It can unlock unprecedented economies of scale in energy production and transmission. Rigorous assessments and modeling have confirmed the technical and economic viability of the initiative, providing a solid business case. Its commercial feasibility has been further enhanced by multilateral development banks such as the World Bank, which help create markets by lowering the costs of solar energy.

The Assembly is the supreme decision-making body of the ISA, in which each member country is represented. This body makes decisions regarding the implementation of the ISA Framework Agreement and the coordinated actions to be taken to achieve its objective. The Assembly meets annually at ministerial level at ISA Headquarters, assesses the overall effect of programs and other activities in terms of solar energy deployment, performance, reliability, as well as cost and efficiency. financing scale.

Source link

Coal State Democrat set to derail Biden’s clean energy plans | Cop26 Sat, 16 Oct 2021 21:00:00 +0000

President Joe Biden is likely to abandon a clean energy program that was the centerpiece of his efforts to tackle greenhouse gas emissions in his country, US media reported, due to opposition a Democratic variable-vote senator from a state with a historically significant coal industry.

Funding to replace coal and gas power plants with wind, solar and nuclear power plants was part of a massive budget bill that Biden is struggling to get through Congress.

The New York Times reported that White House staff are now rewriting legislation without the $ 150 billion clean energy provision, in the hope that they will not be able to pass the original version due to fierce opposition from the senator from West Virginia Joe manchin.

Joe Biden’s failure could undermine confidence in his country’s ability to turn climate rhetoric into action. Photograph: Brendan Smialowski / AFP / Getty Images

The news is the latest blow to hopes at the UN climate change summit, Cop26, due in Glasgow in two weeks.

China, the world’s largest emitter of greenhouse gases, last week revealed plans to build more coal-fired power plants and hinted that it may rethink its emissions reduction schedule, while it is on the verge of struggling with an energy crisis against a backdrop of slowing economic growth.

It also seems increasingly clear that President Xi Jinping, China’s most powerful leader for many years, will not attend the Cop26 rally. His absence will undermine hopes that the negotiation could gain additional momentum from a personal gathering of leaders.

For the Glasgow summit, which has been delayed for a year due to the pandemic, countries are expected to produce revised national emission reduction targets to help the world limit heating to 1.5 ° C, the target legally binding agreement of the 2015 Paris climate agreement.

The UK Presidency also hopes to focus on three other areas to achieve climate goals: climate finance, phasing out coal and nature-based solutions.

Scientists estimate that emissions must be reduced by 45% by 2030, from 2010 levels, and from there to net zero emissions by 2050, if the world is to have a good chance of staying within the agreed threshold. in Paris.

The UK and other major players have already agreed that they will not be able to secure commitments for such drastic reductions from Glasgow’s big emitters.

British diplomats say they are “cautiously optimistic” about overall progress, with a deal to deliver $ 100 billion to developing countries set to be sealed and some progress on a deal to stop deforestation and the destruction of nature. Last week, more than 20 countries pledged to reduce methane, a potent greenhouse gas.

The UK, US and EU have also embarked on a frenzied round of climate diplomacy in a last-ditch attempt to bring key countries to a deal.

But the latest news from the United States and China, the world’s largest emitters of greenhouse gases, will raise questions about how much progress the meeting can make towards key emissions targets.

America is historically the world’s largest producer of greenhouse gases and the US clean energy project was to be the cornerstone of US efforts in Glasgow to push other countries to act faster in the fight against climate change. . Biden called for urgent climate action, a definite break with his predecessor Donald Trump, who rejected the international scientific consensus on a warming world and hampered global efforts to do something about it.

Joe manchin
Joe Manchin has financial ties to the coal industry and represents a state where mining still employs thousands of people. Photograph: J Scott Applewhite / AP

But if the president is forced to abandon the supply of clean energy, it could undermine international confidence in Washington’s ability to turn rhetoric into national action on climate change. It would certainly be more difficult for climate envoy John Kerry and his team to push other countries to make costly efforts to reduce their own emissions.

The electricity sector produces about a quarter of the United States’ greenhouse gases, and the infrastructure program was supposed to trigger a long-term change in the country’s energy sector that would last beyond the presidency of Biden.

He offered incentives for utilities to clean up their energy production and penalties for remaining reliant on fossil fuels.

Manchin, who has said he strongly opposes the clean energy deal, has personal financial ties to the coal industry and represents a state where mining, though in decline, still employs thousands of people.

Source link

India is the world’s most profitable for rooftop solar power, report says Fri, 15 Oct 2021 11:21:00 +0000

A global study has found that India is the most cost effective country to generate rooftop solar power at $ 66 per megawatt hour, while the cost in China is slightly higher at $ 68 per megawatt hour.

Because of its lower cost, rooftop solar photovoltaic (RTSPV) technology, such as rooftop solar panels used in homes and commercial and industrial buildings, is currently the most deployable power generation technology. fast. According to this global study, this is expected to cover up to 49% of global electricity demand by 2050.

Over the past decade, the massive drop in deployment costs coupled with policy-driven initiatives has led to rapid adoption of RTSPV globally. Between 2006 and 2018, the installed capacity of the RTSPV increased from 2.5 gigawatts (GW) to 213 GW.

With an additional capacity installation of 41 GW, RTSPV currently accounts for 40 percent of the global cumulative installed capacity of solar energy and almost a quarter of the total renewable capacity additions since 2018, which is more than the new ones. combined installed capacities of coal and nuclear.

At the same time, RTSPV technology has shown a sharp drop in deployment costs, which were between $ 63 and $ 265 in megawatt hours in 2019. This is a reduction of 42-79% from the value of 2010.

Rooftop solar PV represents 40% of the world’s installed solar PV capacity and a quarter of the total renewable capacity addition.

According to the study, India has a significant solar roof potential of 1.7 petawatt hours per year. This goes against the country’s current electricity demand of 1.3 petawatt-hours per year, he said.

To understand the power generation potential of RTSPV on a global scale and its associated costs, the study mapped 130 million km² of the world’s land surface to identify 0.2 million km² of rooftops at the using a machine learning algorithm.

This rooftop area was then analyzed to document RTSPV’s global power generation potential and together represents 27 petawatt hours per year of power generation potential at a cost of between $ 40 and $ 280 per megawatt hour, of which $ 10 per megawatt hour. can be achieved below $ 100.

The cost of realizing potential is lowest in India (at $ 66 per megawatt hour) and China at $ 68, while it is $ 238 per megawatt hour in the United States and $ 251 per megawatt hour in England. , the study said.

The study was co-authored by Priyadarshi Shukla, professor at the University of Ahmedabad and director of its Global Center for Environment and Energy; Shivika Mittal of Imperial College London; and James Glynn of Columbia University. The team was led by Siddharth Joshi, a researcher at MaREI, the SFI Energy, Climate and Sea Research Center at University College Cork.

The global potential of RTSPV is 27 petawatt hours per year and the global average cost of the megawatt hour ranges between 40 and 280 USD per megawatt hour with the greatest potential for power generation in Asia.

The global potential is distributed mainly between Asia (47%), North America (20%) and Europe (13%), according to the study.

The second cheapest market for this method is China, where it is pegged at $ 68 per megawatt hour, which is $ 2 more than the potential Indian rate, while England and the United States are among the most expensive.

Maharashtra, with 181 terawatt-hours per year and Uttar Pradesh with 168.07 terawatt-hours per year, currently have the highest solar roofing potential in the country.

The average cost of obtaining rooftop solar potential in India will be between $ 60 and $ 65 per megawatt hour, with Gujarat and Rajasthan offering the lowest rates, according to the study.

The results have important implications for sustainable development and climate change mitigation efforts. The International Solar Alliance, a joint initiative launched by India and France, plans to mobilize $ 1 trillion in investments by 2030 to increase solar penetration.

This means that from powering Nasa’s Vanguard satellites in 1958 to lighting homes in sub-Saharan Africa, solar PV technology has come a long way.

Rooftop solar PV technology as a subset of the solar PV power generation portfolio can be deployed as a decentralized system either by individual owners or by large industrial and commercial complexes, according to the study.

Source link

Tech moguls back GoodLeap’s green housing push with $ 12 billion valuation Wed, 13 Oct 2021 21:36:00 +0000 Americans are going to need at least $ 450 billion to make their homes green in the years to come, says entrepreneur Hayes Barnard, and he wants to get it to them.

Mr Barnard, a former senior executive at SolarCity Corp., has raised more than $ 1 billion in the past 10 months from tech investment luminaries like Michael Dell and Laurence Tosi to grow his financial firm GoodLeap LLC. A funding round in September valued the company at $ 12 billion.

The new capital has made the low-key Barnard the “billionaire next door” in his Austin, Texas neighborhood, according to a person who knows him. It also marks a comeback for the 49-year-old, who stepped down as chief revenue officer of SolarCity in 2016 when Tesla Inc.

took over the financially troubled company.

The U.S. solar industry has been plagued by false starts, but growing demand for energy efficient housing and environmentally friendly investments has turned the tide, Barnard said.

GoodLeap has grown into the world’s largest rooftop solar finance company in less than two years by developing new technology to connect the lenders, consumers and sellers who install the panels, according to bankers and investors. The goal is to replicate in just a few years the modernization that took decades to unfold in the mortgage market.

GoodLeap provides lenders like banks, insurers, and hedge fund managers with software that can track the finances and customer satisfaction of each borrower. An app connects installers with lenders to get loan approval during sales calls to homeowners, who can use a different app to track power generation, cost savings, and power sales to their grids. local distribution. The company is on track to grant $ 5.2 billion in loans this year, up from $ 3.3 billion in 2020, a person familiar with the matter said.

Many homeowners have turned to installing solar panels to adopt cleaner energy sources and adapt to blackouts and other disruptions associated with climate change.


nathan frandino / Reuters

Now, Mr Barnard wants to embark on home improvements ranging from heat pumps to energy efficient windows and artificial lawns, funding homeowners’ efforts to adapt to power outages, heat waves and natural disasters caused. by climate change.

Mr Barnard and GoodLeap chairman Tanguy Serra, also a SolarCity veteran, are trying to grow before more established financial institutions turn to space. Rocket Cos Mortgage Company. in August announced a tech-driven push for “green home energy solutions” financed by loans.

“The company that wins is the company that brings all the technology together,” said Barnard, who complements his speech with a Silicon Valley dialect like, “I want to double-click on it.”

GoodLeap needs the money to stay ahead and, for now, Mr Barnard is staying away from public stock markets and their review and reporting requirements. Instead, he’s courting elite tech entrepreneurs.

Mr. Tosi, Founder and Managing Partner of WestCap and former CFO of Airbnb Inc.,

met Mr Barnard in 2018 at a ski event in British Columbia hosted by venture capitalist Antonio Gracias. On a hike, Mr Barnard impressed Mr Tosi with his interest in building a business focused on big issues such as sustainability, Mr Tosi said. He invested in Mr Barnard’s business in 2020 and joined GoodLeap’s board of directors this year.

Landowners in windy and sunny parts of the United States oppose large-scale renewable energy development, an opposition that researchers say could slow the transition to a cleaner economy. Photo: Aaron Yoder / WSJ

Mr Barnard connected with Mr Dell after moving to Austin, a town Mr Dell has long called home and which increasingly attracts emigrants from Silicon Valley like Tesla founder Elon Musk . This summer, Mr. Dell and Mr. Barnard took a walk along Lake Austin to get to know each other. They discussed a potential investment in GoodLeap, the company’s charitable affiliate, GivePower, and the relative merits of raising capital privately or through a takeover bid.

Weeks later, Dell placed the largest order in a private sale of $ 800 million of GoodLeap shares. The funding round valued the company at $ 12 billion, up from $ 4.4 billion in December and $ 1.5 billion in March 2020, a person familiar with the matter said.

A recent funding round led by Michael Dell valued GoodLeap at $ 12 billion.


Richard Drew / Associated press

One of the reasons for the recent capital increase, Mr Barnard said, is that GoodLeap is looking to merge or acquire other solar finance companies.

Mr. Barnard knows the dangers of public listing. SolarCity’s inventory more than tripled to around $ 85 from 2013 to 2014, with the company dominating the solar panel installation, which it leased to its customers. The company hosted annual events for thousands of employees in Las Vegas, culminating in an awards show where Mr. Barnard performed freestyle raps praising the winners.

But SolarCity borrowed to fuel growth, including a costly expansion in manufacturing solar technology, and its net loss roughly doubled in 2015 to $ 769 million, according to the company’s annual report. The stock fell to around $ 20 before the Tesla takeover that triggered Mr Barnard’s departure.

Mr Barnard, who was raised in Creve Coeur, Missouri, by a single mother with three jobs, rallied around a mortgage company called Loanpal and began to orient the business towards solar panels. . The new venture avoided SolarCity’s vertical integration strategy and instead built a software-driven marketplace connecting industry participants, analysts and investors said.

“The magic of what they did was they mechanized the whole process,” said Rob Camacho, co-head of structured credit at Blackstone Inc. The company bought over $ 500 million. dollars in loans through GoodLeap, a person familiar with the matter. noted.

An IPO would have given GoodLeap access to hundreds of new investors. Funds raised through traditional IPOs, excluding direct listings or specialist acquisition companies, have already exceeded the totals of the previous year. Major stock indexes remain close to record highs and investment funds are overflowing with cash and eager to buy into growing and profitable companies.

This summer, banks offered GoodLeap a potential IPO valuation far exceeding the $ 12 billion it achieved by selling shares privately, people familiar with the matter said. Mr. Barnard turned to his mentors to help him decide what to do.

Mr. Tosi texted Mr. Barnard: “Your business, your terms, your time, your way. “

Where climate and finance meet

Corrections and amplifications
GoodLeap’s charitable affiliate is called GivePower. An earlier version of this article misnamed the charity GoodPower. (Corrected October 13)

Write to Matt Wirz at and Corrie Driebusch at

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Source link

PV Evolution Labs welcomes flagship PV module testing program ahead of move to new lab headquarters Tue, 12 Oct 2021 12:01:00 +0000

The revamped Photovoltaic Module (PQP) product qualification program will be conducted in new facilities optimized for high power and high power solar photovoltaic equipment.

BERKELEY, Calif., 12 October 2021 / PRNewswire / – PV Evolution Labs (PVEL), the leading independent test lab for the downstream solar power and energy storage market, today released a new hail test for its qualification program of PV Module Product (PQP) and announced that future testing will take place at PVEL’s new headquarters in Napa, california. The facility represents a 100% growth in test capacity compared to that of PVEL. Berkeley and South San Francisco locations and will replace these labs when it opens in early 2022.

Hail strikes a solar module during PVEL’s hail stress sequence, which is now a mandatory test in PVEL’s PV Module Product Qualification (PQP) program.

“From hail to large PV modules, reliability concerns of solar investors and asset owners are continually evolving,” commented Jenya Meydbray, CEO of PVEL. “At PVEL, we must evolve in turn. With our new, larger and consolidated facility, recent test updates and a strong partnership with the global Kiwa group, PVEL is within our long-term vision of providing rigorous and comprehensive bankability testing for every type of PV module, inverter and battery, regardless of size, power class or field application. “

PVEL’s PQPs for photovoltaic modules, inverters and batteries are comprehensive and regularly updated suites of extensive reliability and performance tests that inform technical due diligence and procurement for solar and storage projects. The hail stress sequence has been added to the PQP to address the concerns of insurers and asset owners about the ability of PV modules to withstand severe hail impacts. To design the hail stress sequence, PVEL used data from nearly 1 GW of hail-damaged projects that it evaluated in the field as well as test results from laboratory experiments.

“As global installed solar capacity breaks all set records and photovoltaic solar modules are deployed in the most remote regions of the world, we will continue to uncover risks that can only be overcome with new data,” said commented Jason kaminsky, COO of kWh Analytics. “Our team is delighted to collaborate with PVEL and integrate PQP information into our new property insurance product. PVEL data informs the industry on how to deploy sustainable and insurable PV modules in every location requiring clean energy. “

The development of PVEL’s new hail test was informed by insurance claim and asset performance data from kWh Analytics. PVEL also sought feedback from its downstream partners, a diverse group of organizations including asset owners, developers and insurers. As with all PQP tests of PV modules, hail sequence reports are free for members of the PVEL downstream partner network. Companies that sign up as PVEL partners use PQP data for technical intelligence related to project development and financing, including product benchmarking, supplier management, and equipment selection.

“As a global industry, we need to view natural disasters like hailstorms in the context of climate change. It’s time to sustain solar projects around the world for new weather patterns that are difficult to predict but impossible. to ignore “, commented Kevin Christy, Head of Innovation and Operational Excellence, Americas at Lightsource bp. “Particularly for solar assets in the mid-US states, we need new testing protocols that will allow module buyers to truly understand the durability limits of these products against potentially damaging hail. more than over the next decade, we expect to see installed PV capacity in high-risk states more than quadruple. “

In addition to the new hail test, PVEL optimized the PQP to speed up testing times as part of a larger update to the PV module’s PQP. Revised test protocols allow PVEL to generate results faster without compromising utility or data integrity.

To learn more about PVEL’s new hail stress sequence, PV module PQP update and expansion plans, register for a webinar at October 14e: All webinar attendees will receive draft copies of the upcoming PVEL white paper highlighting early results from PVEL’s hail test research and development.

About PV Evolution Labs (PVEL)
PVEL is the first independent laboratory for the downstream solar and energy storage market and a member of the Kiwa group. As a pioneer in bankability testing, PVEL has accumulated over a decade of measured reliability and performance data for photovoltaic and storage equipment. Today, PVEL provides developers, investors and asset owners with a suite of technical services to mitigate risk, optimize funding, and improve system performance throughout the project lifecycle. PVEL’s flagship product qualification programs for photovoltaic modules, inverters and energy storage systems connect manufacturers to a global network of more than 400 downstream partners representing more than 30 gigawatts of annual purchasing power. Find out how PVEL makes data meaningful at

For more information, contact:
Tori Clifford
Marketing Director
Photovoltaic evolution laboratories
Telephone: +1 301-717-6796



View original content to download multimedia: 301397670.html


Source link

The successes of the week in terms of sustainable development Sun, 10 Oct 2021 19:42:50 +0000

As part of our Mission Possible campaign, edie brings you this weekly roundup of five of the week’s best sustainability success stories from around the world.

Published weekly, this series shows how businesses and sustainability professionals are working to achieve their “Mission Possible” through the campaign’s five key pillars: energy, resources, infrastructure, mobility and company management.

As November approaches, momentum continues towards COP26. In the meantime, companies, governments and regions are all keen to show off their green credentials.

ENERGY: UK’s ‘largest’ community solar project launches new bond offering

There are over 200 community energy organizations in the UK and, according to Patagonia’s ‘We the Power’ campaign, these organizations have generated £ 4.6million in community benefits and mitigated over 65,000 tonnes of CO2 equivalent in 2019.

While we are still awaiting the Net-Zero Strategy, which will provide information on the government’s new commitment to deliver a 100% clean electricity grid by 2035, some community renewable energy projects are moving forward.

Among them is Energize Barnsley, which has launched a new £ 1.75million bond offering to help expand its array of solar panels on the roofs of homes, community buildings and municipal buildings. To date, it has installed signs on more than 320 social housing units.

Energize Barnsley works with the Ethex investment platform for bond issuance. He is also working with the Community Energy Society, contributing to a national study on the benefits of installing several low-carbon technologies in residential buildings, such as solar power, a smart battery, and an electric heat pump. .

“Over the past week, there has been a huge debate about improving the energy efficiency of our homes and how millions of people will see their energy bills rise as gas prices rise. will increase, ”said Lisa Ashford, CEO of Ethex. “Energise Barnsley is a fantastic community organization tackling energy poverty and climate change head-on. It is a real model for other councils across the UK.

RESOURCES: Cadbury launches its first vegan chocolate bar

The trend towards plant-based diets seems to be reaching a tipping point. Most large food companies now have teams dedicated to alternative proteins. This year’s “Veganuary” campaign received a record number of registrations. One fifth of the British have reduced their meat consumption in the past 18 months.

Building on that momentum, Mondelez-owned Cadbury has confirmed that it will launch its first vegan chocolate bar – a version of Dairy Milk made with marzipan instead of milk – in November. Cadbury Plant 90g bars took two years to develop and will initially come in two flavors; creamy chocolate and creamy chocolate with salted butter caramel pieces.

Sainsbury’s will be the first major retailer to supply bars, starting in November.

MOBILITY: Rolls-Royce will only sell electric cars from 2030

With ‘No Time to Die’ in theaters after an 18 month delay, many of us have recently become familiar with ‘Specter’.

But, in addition to being the title of Daniel Craig’s penultimate James Bond film, Specter is also the name of Rolls-Royce’s highly anticipated first pure electric vehicle (EV). The coupe, Rolls-Royce announced this week, marks the transition of the brand’s entire portfolio to pure electric by the end of the decade.

Specter will go on sale in the fourth quarter of 2023 and by then a global road test program spanning 2.5 million kilometers will be completed.

Rolls-Royce Motor Cars chief executive Torsten Muller-Otvos said the plan to transition to electric vehicles by 2030 is the “most important” turning point for the company since its founding. You can read more about the plan in the full edie article here.

THE BUILT ENVIRONMENT: Green Finance Institute Launches Tool to Help Maximize Renovation Benefits

As has often been said, most of the buildings that will stand in the UK in 2050 – the date the nation is legally supposed to reach net-zero – already exist. Many influential groups across the green economy are therefore hoping that the next heating and buildings strategy details long-term plans for modernization.

In the meantime, the Green Finance Institute (GFI) has created a new framework for the creation of Building Renovation Plans (PRB). The open source tool was developed with input from over 50 organizations and individuals with expertise in real estate, energy, finance, data and home improvement, providing advice on the best practice.

GFI Managing Director Rhian-Mari Thomas said: “BRPs are an important tool to support the UK renovation market, and have been shown to engage owners, suppliers and financiers on the transition. net zero in several European countries.

“By providing reliable and granular information, BRPs can support renovation demand and provide our banks and building societies with the confidence to channel large-scale investments into the modernization of the UK building stock.

COMMERCIAL LEADERSHIP: Ikea announced as partner of COP26

COP26 officially opens at the SEC in Glasgow in three weeks – and commercial announcements around the conference are still coming in at a steady pace.

This week, the world’s largest furniture retailer, Ikea, was announced as the event’s sponsor (partner). Ikea will provide furniture for the event and work with Glashow City Council to find new homes for the items once the conference is over.

Additionally, building on its own commitment to become a “climate” business by 2030, the company is encouraging other retailers to set science-based targets for reducing emissions. Inter Ikea Group and the main franchisee Ingka Group both had their emissions targets verified by the Science-Based Targets Initiative (SBTi) last summer, in accordance with 1.5C.

“We are in the most important decade for climate change and although there are challenges ahead, we are optimistic that by working together we can make COP26 a success”, said Jesper Brodin, Managing Director of Ingka Group.

“With bold commitments and actions from business, government and society, we have it in our hands to ensure a just transition to a net zero future. “

Sarah george

Source link

Solar desalination system will provide drinking water to 400,000 Kenyans Sat, 09 Oct 2021 10:50:29 +0000

Transforming seawater into drinking water on a large scale requires a huge amount of energy, making it an expensive and polluting process.

Today, a Netherlands-based blended finance manager, Climate Fund Managers (CFM) and Solar Water Solutions are working together to develop the installation of up to 200 desalination units in Kitui County, Kenya. The project ultimately aims to provide potable water from brackish groundwater to 400,000 Kenyans by 2023.

The new solar-powered desalination system works without a grid connection, batteries or chemicals, ever. This means that the system will require no investment in the battery, no running costs, no emissions and no carbon footprint.

The team working on the project claim that their SolarRO containerized reverse osmosis system is the world’s first 100% solar powered desalination system. This fully automatic stand-alone system is installed in a 20-foot container. The system will convert from 3,500 L / hr to 7,000 L / hr from seawater, with a total dissolved solids (TDS) of 36,000 ppm. The production capacity can reach 10,000 liters per hour from brackish water, entirely powered by solar panels.

“Through this partnership with CFM and locally with Kitui County and Epicenter Africa, together we can revolutionize access to safe and affordable water in rural Kenya. noted Antti Pohjola, CEO of Solar Water Solutions. “This project marks a breakthrough in solar-powered hydraulic infrastructure. This would not have been possible without the four key elements: sustainable technology that lowers the cost of drinking water, access to finance with a leading institutional investor, local partners and a market-based business model. .

The stations themselves may not be visually impressive, but they are an ideal solution for water production in remote islands and rural areas.

Source link