FRIDAY 06 DECEMBER, 2013 |
SunEdison Sale-Leaseback Fund Doubles
US solar giant SunEdison has announced De Lage Landen Financial Services (DLL) has increased its investment
in a sale-leaseback solar fund to over $100 million.
Originally established late last year with USD $52.5 million, the fund provides financing to
SunEdison developed solar PV projects within the USA.
says low-cost funding creates new markets and increases the customer base for solar
energy; while helping companies reduce energy costs and reroute the savings to
other areas of their operation.
"Distributed generation is one of the fastest growing solar segments in the United States," said Attila Toth, General Manager Distributed Generation for SunEdison. "This relationship with DLL is one of the many ways we are working to help new customers enter the market and grow our business. Working with a great partner like DLL helps us focus on our core business while increasing shareholder value."
Australian companies and individuals needn't fear they are missing out on some
innovative financing arrangements available across the pond. Local solar
provider Energy Matters already offers a zero-deposit
In other recent SunEdison news, New York City Mayor Michael Bloomberg last week
announced a partnership to build what will be the City's largest solar energy project.
Once the largest landfill in the world, the curiously named "Fresh
" area will be redeveloped into one of the City's largest parks and the site of the largest solar
farm in the region - increasing the amount of solar energy produced in New York City by 50
percent. The project will consist of two
SunEdison-developed systems totalling up to 10 megawatts (MW) capacity and
featuring between 30,000 and 35,000 solar panels.
The company's solar forays are not confined to the USA. Late last month we
reported SunEdison will build a 50.7
MW photovoltaic power plant in Chile’s Atacama region after closing a
$100.4 million finance deal.
World Bank Holds CSP Roundtable
A World Bank-initiated sustainable energy workshop has heard concentrated solar
power (CSP) technology would greatly increase energy security and provide clean renewable electricity to developing nations, but strong policy frameworks must be established to ensure big solar projects are
Over two days in Marrakesh, stakeholders and policymakers from Morocco, Egypt, South Africa and India, along with officials from European donor agencies, met for the Strengthening the Solar Energy Option and Utility-Scale Solar Power Development & Management meeting.
It was co-organised by Moroccan Agency for Solar Energy (MASEN) and the World Bank and forms part of its Sustainable Energy for All (SE4All) Initiative, which aims to, among other things, double the share of renewable energy in the global energy mix.
The workshop was designed to help countries plan for and overcome challenges in making CSP viable through shared knowledge.
Although all nations involved in the talks are rich in solar resources, with tracts of desert land ripe for CSP development, regulatory obstacles still remain in attracting big solar projects.
Participants agreed that some regulatory requirements such as local content rules for solar developers could serve to push solar prices up and that a balanced approach to domestic manufacturing was needed.
Countries also had different approaches to the roll-out of grid-scale solar. The Moroccan energy security plan involves CSP farms eventually distributing energy across borders into Europe, a plan requiring long term policy support.
India, however, desires vast amounts of CSP power to meet huge population demand and has used the first stage of its National Solar Mission to establish measures enhancing the integration of photovoltaic solar power into the national grid.
"Concentrated solar technology is suitable to address our energy security and climate change
challenges," said Mustapha Bakkoury, CEO of MASEN. "However, CSP needs support to become competitive until the development of large scale CSP projects in an innovative and effective operational mode can provide the necessary economies of scale to bring cost
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