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SunPower Announces Program to Finance $220 Million in Residential Solar Lease Projects

SAN JOSE, CA–(TheSolarNews) — SunPower today announced a new program with Bank of America Merrill Lynch  that will provide financing to support approximately $220 million of residential solar lease projects. The program will assist thousands of homeowners in financing solar power systems through SunPower solar leases, joining approximately 20,000 Americans currently enrolled in the program.

“The SunPower Lease program allows customers to have best-in-class, high efficiency solar on their rooftops with highly competitive terms. This, coupled with our unprecedented level of energy assurance, results in more value to the homeowner and increased retained value to SunPower,” said the company’s CFO, Chuck Boynton. “More than 20,000 customers are already experiencing our lease program, and our partnership with Bank of America Merrill Lynch will continue to grow this popular financing option.”

BofA Merrill and SunPower have worked together since 2009, when BofA Merrill began financing large solar projects SunPower designed and constructed for public agencies in California, including Yolo County and Mendocino Community College.

“We are pleased to again team with SunPower to further the availability of renewable energy,” said Todd Karas, head of Renewable Energy Finance at BofA Merrill. “With this investment in residential solar systems, we are expanding our portfolio of solar installations with SunPower beyond commercial and government entities to now include installations in individual homes. This is consistent with our firm’s overall 10-year, $50 billion environmental business initiative to help address climate change, reduce demands on natural resources and advance lower-carbon economic solutions.”

In addition to attractive terms and low monthly payments, the SunPower Lease includes one of the solar industry’s only direct-from-manufacturer performance guarantees.

New York Car Dealerships Go Solar

NORCROSS, Ga.–(TheSolarNews)–Suniva, Inc., a metro-Atlanta based manufacturer of high-quality, high-efficiency crystalline silicon solar cells and modules, announces the completion of an 804kW solar system at Davidson Auto Group in Watertown, N.Y. The high-powered solar system, installed by High Peaks Solar of Troy, N.Y., compliments the auto group’s existing eco-friendly auto fleet, further propelling its recognition … Continue reading

ReneSola to Provide 32 MW of Virtus PV Modules to Isolux Corsan

JIASHAN, China, Jan. 16, 2014 /PRNewswire/ — ReneSola Ltd (“ReneSola” or the “Company”) (NYSE: SOL), a leading brand and technology provider of solar photovoltaic (“PV”) products, today announced it has provided Isolux Corsan Servicios, S.A. (“Isolux Corsan”), a global benchmark in the areas of concessions, energy, construction and industrial services and a leader in engineering, … Continue reading

NextEra Energy Resources begins operation at 20-megawatt Mountain View Solar Energy Project

LAS VEGAS, Jan. 16, 2014 /PRNewswire/ – NextEra Energy Resources, LLC, today announced that its subsidiary, Mountain View Solar, LLC, began commercial operation of its Mountain View Solar Energy Project. The 20-megawatt solar photovoltaic (PV) project is located on approximately 146 acres in the Mountain View Industrial Park in the city of North Las Vegas. All … Continue reading

ET Solar and EcoSol Completed a 276 kWp Rooftop PV System in Jordan

San Francisco, CA–(TheSolarNews)– ET Solar Group, a leading smart solar solutions provider has announced the completion and grid connection of a 276 kWp rooftop PV system in Amman, Jordan for a university by its wholly-owned subsidiary ET Solutions AG (“ETS”), together with its partners Eco Engineering and Energy Solutions (“EcoSol”) and Spirea GmbH (“Spirea”). In cooperation … Continue reading

Canadian Solar Completes 10 MW Solar Power Plant in China

Guelph, Canada –(TheSolarNews)– Canadian Solar Inc. announced the successful completion and grid connection of a 10 MW ground mounted solar power project in Sihong County of Jiangsu Province in eastern China. This project was developed by CSI Solar Power (China) Inc., a subsidiary of Canadian Solar, with Gaochuangte New Energy as the EPC contractor. Construction … Continue reading

New Solar Plant in El Centro, California Starts Operations

El Centro, CA–(TheSolarNews)–Grupo T-Solar, one of the major independent power producers of photovoltaic solar energy based in Spain, has successfully completed its first photovoltaic solar plant in El Centro, California. The North American Development Bank (NADB) is providing a $65 million loan for the construction of this project. “We are very grateful and proud to … Continue reading

Suniva Awarded $4.5 Million for Innovations in Solar Manufacturing

Norcross, GA–(TheSolarNews)–The United States Department of Energy announced yesterday that Suniva has been awarded a $4.5 million grant to pursue innovations in its manufacturing processes for solar cells and modules. This award funds attractive next generation technologies that are capable of reducing the cost of solar panels below $0.50/watt with improvements that increase module power … Continue reading

Ascent Solar Opens Retail Locations in California

THORNTON, Colo.–(TheSolarNews)–Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a manufacturer of state-of-the-art, flexible thin-film photovoltaic modules, announced today the opening of three kiosk locations in Southern California for the company’s EnerPlexTM brand of consumer electronics. Located in The Grove in Los Angeles, Westfield Santa Anita and the Irvine Spectrum Center, the new kiosk locations represent an expansion … Continue reading

Hanwha SolarOne to Supply Modules for 42.5 MW Ontario Solar Photovoltaic Farm

LONDON–(TheSolarNews)–Hanwha SolarOne, a top-10 global photovoltaic manufacturer of high-quality, cost-competitive solar modules, today announced it will supply more than 170,000 high efficiency HSC 60 Poly Can-Am modules to the 42.5 MW Ontario Solar Photovoltaic Farm. Hanwha Solar Canada, a wholly owned subsidiary of Hanwha SolarOne, will manufacture the modules in Ontario, Canada. Hanwha Q CELLS … Continue reading