January 16, 2014 |
Solar installer SolarCity Corp. has figured out a way to tap retail investors willing to earn green by going green. The San Mateo company on Wednesday said it plans to offer a way to buy investment products similar to bonds. Instead of being backed by SolarCity, these securities would offer returns backed by solar projects and contracts the company has with customers who have panels installed on their roof. This is just one in a number of novel ways that solar power companies, many just start-ups, are finding ways to finance their businesses.
January 15, 2014 |
California solar panel installer SolarCity is turning to small investors to raise cash to expand its network of rooftop solar systems. The company, which installs solar panels on homes and businesses and government buildings, will allow individual investors and institutions to invest in solar panels that can generate income for years to come. Solar City Chief Executive Lyndon Rive told the Associated Press that the company would sell securities directly to individuals. These securities could be held for varying lengths of time, or even traded.
CALIFORNIA | LOCAL
January 13, 2014
Join Times staff writer Julie Cart for an online discussion at 9 a.m. Monday about the dimming prospects of solar energy. The Obama administration set off a building boom of large-scale solar power plants across the Southwest about five years ago, but the pace of development has slowed to a crawl. A number of companies have gone out of business and projects have been canceled. The first auction of public land for solar developers, an event once highly anticipated by federal planners, failed to draw a single bid last fall.
CALIFORNIA | LOCAL
January 12, 2014 |
Five years after the Obama administration's renewable energy initiative touched off a building boom of large-scale solar power plants across the desert Southwest, the pace of development has slowed to a crawl, with a number of companies going out of business and major projects canceled for lack of financing. Of the 365 federal solar applications since 2009, just 20 plants are on track to be built. Only three large-scale solar facilities have gone online, two in California and one in Nevada.
July 23, 2013 |
SACRAMENTO -- California ranks sixth among the top 12 states in per-capita installations of solar electric energy generators, according to a just-released report by an advocacy group. "Lighting the Way," the study by the Environment America Research and Policy Center, names California as a leader among the 50 states, along with Arizona, Colorado, Delaware, Hawaii, Maryland, Massachusetts, Nevada, New Jersey, New Mexico, North Carolina and Vermont. "The sky's the limit on solar energy," said Michelle Kinman, clean energy advocate for Environment California, one of the group's 29 state affiliates.
July 11, 2013 |
California had a banner year in solar installations in 2012, bringing the state 391 megawatts closer to its goal to install 3,000 megawatts by 2017. According to a California Solar Initiative progress report by the Public Utilities Commission, those additions represent a 26% growth from 2011. The state is now equipped to produce 1,629 megawatts of solar energy across completed projects at nearly 168,000 sites -- enough to power 150,000 homes. Evan Gillespie, a deputy director with the Sierra Club's Beyond Coal Campaign, said the progress was significant.