On 17-Jun-13 10:37 PM, Udhay Shankar N wrote: >> > [1] >> > http://cleantechnica.com/2012/10/16/ongoing-sharp-drops-in-solar-pv-cost-overlooked-amidst-price-trade-wars-insolvencies/ >> > [2] >> > http://reneweconomy.com.au/2012/solar-insights-pv-costs-set-for-another-30-fall-in-2012-2012 >> > [3] >> > http://spectrum.ieee.org/green-tech/solar/argument-over-the-value-of-solar-focuses-on-spain
> > More on the dropping cost of PV panels: > > http://www.economist.com/news/21566414-alternative-energy-will-no-longer-be-alternative-sunny-uplands And some news from the US: http://www.forbes.com/sites/williampentland/2013/06/26/another-day-another-1-billion-for-distributed-solar Another Day, Another $1 Billion For Distributed Solar If distributed solar fails, don’t blame the banks. Over the past few days, the sector has secured just shy of $1 billion in third-party financing from Wall Street to support a sustained and likely spectacular future growth in deal flow. Sunrun, a privately-held rooftop solar solutions provider, secured a whopping $630 million in financing from JPMorgan to purchase and install solar power equipment for homes and then sells the output to homeowners under 20-year lease agreements. The company, based in San Francisco, boasts a total of more than $2 billion in third-party capital for future solar projects. Meanwhile, Wells Fargo said today that it will invest more than $100 million of tax equity financing over the next 18 months in distributed generation solar power projects developed by SunEdison. Since 2007, Wells Fargo has financed about 200 mostly utility-scale solar projects developed by SunEdison in 13 U.S. states and Puerto Rico to the tune of $950 million. Unlike SunRun’s leasing model, SunEdison structures its projects under the terms of a power purchase agreement (PPA). SunEdison builds and manages solar projects it develops to customers who buy the energy produced for a fixed rate specified in the. In both cases, the third-party investors allow SunRun and SunEdison to install solar power equipment without asking customers to pay the upfront costs for customers typically associated with solar projects. Over the past five years, SunEdison has raised more than $5 billion in project finance for solar power plants. SunEdison has interconnected over 1 Gigawatt of solar energy and has a visible pipeline of more than 2.7 GW future projects. -- ((Udhay Shankar N)) ((udhay @ pobox.com)) ((www.digeratus.com))
