said on Thursday the U.S. Department of Energy will provide the solar company up to $3 billion in a partial loan guarantee to expand clean energy access.The company last month said it was in
with the DOE regarding the potential issuance of an indirect guarantee of 90% for up to $3.3 billion in solar loans.of the clean energy sector with loans to automakers, miners, recyclers and others, many of which would struggle to obtain private financing given their large capital needs. "The DOE financing would accelerate the adoption of solar and storage, decrease greenhouse gas emissions, and expand the availability of reliable, clean, and affordable energy to those communities who benefit the most from low-cost energy," Sunnova CEO William Berger said in a statement.
Sunnova also expects the DOE loan guarantee to support up to $4 billion - $5 billion in the company's loan originations, reduce its weighted average cost of capital and generate interest savings. The transaction is expected to close in the second quarter and Sunnova plans to issue its first securitization under the program in the first half of 2023.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US invests in alternative solar tech, more solar for rentersThe Biden administration is set to announce more than $80 million in funding Thursday in a push to produce more solar panels in the U.S., make solar energy available to more people, and pursue superior alternatives to the ubiquitous sparkly panels made with silicon. $80 million of that money you just paid in withholding last year. Think about it...that's YOUR money he's spending. Does Solyndra ring a bell?
Source: wjxt4 - 🏆 246. / 63 Read more »
US invests in alternative solar tech, more solar for rentersThe Biden administration announced more than $80 million in funding Thursday in a push to produce more solar panels in the U.S., make solar energy available to more people, and pursue superior alternatives to the ubiquitous sparkly panels made with silicon
Source: WOKVNews - 🏆 247. / 63 Read more »
Intuit Brings Renewable Energy & Job Opportunities To US Communities With Innovative Solar Projects - CleanTechnicaThrough collaborations with GRID Alternatives, its Tribal Solar Accelerator Fund, Clearloop, and Secure Solar Futures, Intuit is developing programming that offers long-term advantages to underserved communities all over the country
Source: cleantechnica - 🏆 565. / 51 Read more »
The flip side of Europe’s extreme heat: More solar energy potentialAnnual climate report finds weather patterns behind extreme heat waves are increasing solar energy potential in the European Union. Again our greed and solipsism has condemned others. Yeah and beetle soup taste like sh*t. Enough with the climate scam. Try and find another catchy hoax that doesn't involve Russia, Ukraine, cow flatulence, or DJT.
Source: washingtonpost - 🏆 95. / 72 Read more »
WSJ News Exclusive | Energy Department Commits $3 Billion to Expand Rooftop Solar AccessThe Energy Department will guarantee up to $3 billion in debt securities issued to fund rooftop solar installations, hoping to expand access to renewable energy by making the deal a no-lose proposition for many investors only the rich matter Giovanni Pernice admits 'it gets lonely' in heartbreaking admission Thought federal government pleas one of limited and enumerated powers? Wtf is this?
Source: WSJ - 🏆 98. / 63 Read more »
Clean Energy Trades Unite Against Harmful Retroactive Solar Tariff Threat - CleanTechnicaClean Energy Trades Unite Against Harmful Retroactive Solar Tariff Threat, released a joint letter to Congress to oppose H. J. Res. 39/S. J.
Source: cleantechnica - 🏆 565. / 51 Read more »