The Clean Energy States Alliance (CESA) has released, “A Homeowner’s Guide to Solar Financing: Leases, Loans and PPAs,” to help homeowners navigate the complex landscape of residential solar photovoltaic (PV) system financing. The free online guide describes three popular residential solar financing choices – leases, loans, and power purchase agreements (PPAs) – and explains the advantages and disadvantages of each, as well as how they compare to a direct cash purchase. It clarifies key solar financing terms and provides a list of questions homeowners should ask before deciding if and how to proceed with installing a solar system.- Pattern Energy Group has announced the addition of the 147 megawatt (MW) Mont Sainte-Marguerite Wind project to its list of identified Right of First Offer (ROFO) projects from Pattern Development. The Mont Sainte-Marguerite Wind project, which is located approximately 50 kilometers south of Québec City in the Chaudière-Appalaches region, has entered into a 25-year power purchase agreement with Hydro-Québec. Pattern Development expects to begin construction of the project in the third quarter of 2016 and anticipates reaching commercial operation in December 2017.
- Mainstream Renewable Power has announced the successful completion of financial close for three wind farms in South Africa with a combined capacity of 360 megawatts. The wind farms, which are all located in South Africa’s Northern Cape Province, represent an investment of approximately US $760 million and are expected to commence construction this month.
- Coronal Group LLC has announced that it has acquired the majority of the assets of HelioSage Energy and formed Coronal Development Services, LLC, immediately establishing a robust end-to-end solar development solution available to commercial and utility clients in North America. Together with Panasonic Eco Solutions, Coronal owns and operates a portfolio of solar facilities in North America totaling nearly 100 MW. The HelioSage acquisition will add in excess of 300 MW of near Notice To Proceed projects and more than 1.5 GWs of projects in development.
