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RunWithSOLar5k Proceeds Run Directly to GRID Alternatives and The Solar Foundation

Thanks to all of the dedicated members of the industry that braved the storm (literally) to kick-off Solar Power International (SPI) 2015 with the first-ever RunWithSOLar5k. Even with the rain, the event sold-out. The best part (besides rain in dry Southern California)? 100 percent of registration fees went directly to The Solar Foundation and GRID Alternatives….

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New York PSC Raises Net Metering Caps until Solar’s Value Can Be Determined

On Thursday, October 15th, the New York Public Service Commission (NY PSC) ruled to temporarily lift caps on the amount of net-metered solar energy that can be permitted on a utility system. New York does not find itself in as dire of a situation as Massachusetts, where net metering caps have been hit in the…

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What does the American Energy Innovation Act mean for the Solar Investment Tax Credit?

If you’re wondering what might happen to America’s solar industry if the solar Investment Tax Credit (ITC) is allowed to expire at the end of next year, you’re not alone. With pressure coming from an industry of 174,000 (more than Facebook, Apple, and Google combined) and both ends of the political spectrum, Congress should be…

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Please Join Sol Systems in the Race to 2017

This week, Sol Systems launched a microsite to provide the latest ITC research and news, plus an interactive mapping tool to see which states will win and which will lose after the step down. The firm also announced its official position on the ITC. “We believe the ITC should step-down and expire, at the right time” stated Yuri Horwitz,…

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Why We Support the ITC Extension and You Should Too

The solar industry has its roots in America. American inventors Charles Fritt, Edward Weston, Nikola Tesla, and Albert Einstein (who won the Nobel Prize in 1922 for his paper on the photoelectric effect) led the innovation of the technology. American scientists at Bell Labs and Western Electric helped commercialize solar in the 1950s. The American…

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Hungry, Hungry Yieldcos Hit a Snag

Unless you are living under a rock, you may have seen the news that YieldCos, the most hyped financing vehicle of the past several years, have run into a few snags. Cost of capital has increased for many, and their already tight standards for projects have in some cases gotten even tighter. We work with…

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SOURCE: The Sol Project Finance Journal, October 2015

SOURCE is a monthly solar project finance journal that our team distributes to our network of clients and solar stakeholders. Our newsletter contains solar statistics from current real-life solar projects, trends, and observations gained through monthly interviews with our solar project finance team, and it incorporates news from a variety of industry resources. Below, we have included excerpts…

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Word to the Wise: Choose Your RFPs Carefully

Increasingly, we are seeing more RFPs for MUSH projects. As developers out there certainly know, RFPs can be tough and highly competitive. On the one hand, a developer may bid too high and lose. On the other hand, RFPs are often a race to the bottom. A developer may bid in low, win, but never…

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Baker Testifies on Massachusetts Net Metering Caps as Industry Awaits Action

At the end of September, Massachusetts Governor Charlie Baker testified in front of a Statehouse in support of two pieces of proposed energy legislation, S 1965, authorizing long-term hydro contracts, and H 3724, legislation which would slightly increase net metering caps. Baker’s support of both bills further emphasizes his known preference for an all-encompassing piece…

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Round Two is No Déjà Vu. What You Need to Know About the IL Supplemental Procurement.

Now is the time to act for the second of three procurements in Illinois. After the successful June 2015 procurement , the Illinois solar industry is racing toward the second round of the three-part SREC Procurement. Driving growth of new, distributed solar generation remains the goal, but there are several key differences from the June…

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Massachusetts: A Solar Champion

Lately, Massachusetts has gotten used to winning, and the Massachusetts solar market is no exception. With over 300 MW of installed solar capacity and nearly 10,000 solar jobs, Massachusetts comes in at the 4th strongest solar market in the country. And thanks to last year’s unveiling of the state’s SREC-II program, growth has continued. The…

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SOURCE: The Sol Project Finance Journal, September 2015

SOURCE is a monthly solar project finance journal that our team distributes to our network of clients and solar stakeholders. Our newsletter contains solar statistics from current real-life solar projects, trends, and observations gained through monthly interviews with our solar project finance team, and it incorporates news from a variety of industry resources. Below, we have included excerpts…

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It’s On: Project Pipeline and the Race to 2017

Over the years, we have been following the industry trend whereby an overabundance of interested capital has been chasing a shortage of bankable opportunities in the fragmented commercial and small utility-scale sector. While there are still a number of investors out there chasing the same projects, the pendulum is finally starting to swing; project supply…

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Coming to You Soon: Equipment Delays?

As we rush to December 2016, the Solar Power International rumor mill was abuzz with gossip surrounding equipment shortages and whether manufacturers will be able to keep up with the demand for their products. For those of you who were around for the 1603 rush, you may be experiencing a familiar déjà vu feeling. Major…

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Solar Shines Through The Rain At Solar Power International

Pouring rain could not stop most from waking up extra early to take on the streets of Anaheim with the impressive determination, good humor, and speed that are hallmarks of the solar energy industry. Thank you to everyone who had a part in making the #RunWithSOLar5K a fun and healthy way to start off SPI…

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When to Go Local in Lending

In structured finance or cash deals, regional or local lenders may have more competitive offerings than a national bank or debt provider. Often their rates are cheaper by a point or more compared to the traditional debt players in the industry. Some local or regional players may also be more flexible with loan tenors –…

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SOURCE: The Sol Project Finance Journal, August 2015

SOURCE is a monthly solar project finance journal that our team distributes to our network of clients and solar stakeholders. Our newsletter contains solar statistics from current real-life solar projects, trends, and observations gained through monthly interviews with our solar project finance team, and it incorporates news from a variety of industry resources. Below, we have included excerpts…

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Module Shortage Rumors Fly…Again

Last month, Intersolar North America was buzzing with word that tier 1 module suppliers were completely booked through the end of the year for 300 Watt plus modules. Is there any truth to this? There could be. Big solar deals abroad are eating panel supplies of tier 1 suppliers. Domestically, U.S. solar developers are rushing…

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Investors: Mitigate EPC Risk to Grow Your Commercial Portfolio

When investing in solar assets, utilities and infrastructure owners typically rely on a select list of preferred Engineering, Procurement, and Construction (EPC) partners to deliver the project to their standards and avoid major issues. We understand why. Working with only a select few preferred EPC providers minimizes exposure, and reduces time spent reviewing and approving…

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Massachusetts: To Tip Your Cap or Remove it Altogether?

Etiquette dictates that a man tips his cap by raising it slightly above his head to signify recognition, greetings or a simple salutation. However, once a man enters a building to settle down for work, he removes his cap. The greetings and formalities in the solar industry are finished, and it’s time to remove our…

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