Clean energy investment surged in China, Africa, the U.S., Latin America, and India in 2015, driving the world total to its highest ever figure, of $329.3bn, up 4% from 2014’s revised $315.9bn and beating the previous record, set in 2011 by 3%. These latest figures from Bloomberg New Energy Finance show dollar investment globally growing…

Bloomberg New Energy Finance has forecast the potential upside of the changes Congress is considering with five-year outlooks for wind and solar growth in the U.S.

Invenergy Wind announced that it has arranged debt and tax equity project financing for its Gunsight Wind Energy Center, which currently is under construction in Howard County, Texas. The facility will have the capacity to generate approximately 120 MW of clean power from 67 GE 1.79-MW turbines. The New York branch of Cooperative Centrale Raiffeisen-Boerenleenbank…

Greensmith, one of the largest providers of energy storage software and integration services, announced that European utility E.ON has invested in its Series C round of growth financing. The additional investment brings Greensmith’s total Series C round to $18.3 million, including a previous $5 million strategic investment from American Electric Power. Greensmith plans to use…

Editor’s note: YieldCos have been one recent development in financing wind farms. This article, authored by Josh L. Sturtevant and Morgan Gerard at Sullivan & Worcester LLP, provides an update.  YieldCos have been hammered lately, both in the stock market (though things have recently been picking up) and in the press. The reasons are myriad…

This article is from the Project Finance NewsWire from Chadbourne Parke LLP newsletter, authored Keith Martin in Washington. Two chief financial officers of major U.S. wind companies and three leading tax-equity investors talked in mid-October about how much tax equity can be raised on wind farms, current yields, the effect that low capacity factors and…

This renewable-energy finance event for the western U.S. gathered energy and finance experts to discuss, debate, and share new ideas around the evolving energy industry. Hosted by the American Council On Renewable Energy (ACORE) and Euromoney Seminars, industry leaders from Silicon Valley to Wall Street to Washington, D.C. joined to address a wide range of…

Ali Mamujee / Senior Investment Associate / Mercatus Inc / Financial Modeling Best Practices: Part 1 Financial models are the backbone of the investment process in the energy industry. For most companies, it is the hub where each business unit interacts with a power project in development. While it is imperative that the economic nuances of each…

Greensolver, an independent wind and solar-farm asset manager, and Newgreen, an industrial risk finance provider, have launched GreenBoost, an innovative new service for wind energy investors. GreenBoost is the first product to protect wind farm owners against unstable returns by offering guarantees on both wind and turbine availability. For infrastructure investors, wind energy projects are an attractive…

Bloomberg New Energy Finance has announced its selection of the 2015 New Energy Pioneers, which are recognized as game-changing innovators who are revolutionizing the energy sector. The diverse group (listed in full below) represents a broad range of industries including advanced transportation, bioenergy, energy storage, solar, and wind power. The 10 winners were recognized on…

E.ON, one of the largest U.S. renewable energy generators, announced that it is forming E.ON Energy Services to capture a growing and under-serviced market. The new business will leverage E.ON’s global experience, turning that experience to its U.S. customer’s advantage by driving more efficient and profitable renewable energy project performance. “As we transitioned to an operations-focused company several years…

The forces of market economics are changing rapidly and the earth is headed for a clean energy revolution faster than anyone could have predicted, according to author Craig Shields. “Many possible events could accelerate the demise of fossil fuels, but none is required to phase them out in favor of renewables, a process that will…

Hinckley Allen played a pivotal role in advancing the Deepwater Wind project off Block Island, which will become the first offshore wind farm in the United States after closing last week on more than $290 million in financing. “This is a trailblazing project, and we have been a close partner of Deepwater Wind since its…

In order to secure better financing terms for offshore renewable energy projects, it is crucial to understand and mitigate technical risks in the supply chain, according to the Energy and Water consultancy services division of Intertek, a provider of third party advice. As offshore wind projects proliferate internationally, developers are finding themselves saddled with higher…