Solar News Briefs From Around the Country
NewWorld Capital Group, CCM US LLC, and Constellation Invest in … DigitalJournal.com
NEW YORK, Nov. 7, 2013 /PRNewswire/ — NewWorld Capital Group, LLC today announced a strategic investment in Astrum Solar, a residential solar installer with industry-leading installation and customer acquisition costs and capital efficiency. NewWorld will also assume a seat on Astrum’s Board of Directors. NewWorld’s co-investors in the transaction were CCM US, LLC and Constellation.
Astrum Solar is a leading designer and installer of residential solar photovoltaic arrays on the East Coast. Astrum’s software-enabled management systems have allowed the Company to grow rapidly while offering best-in-class quality and performance. The company partners with third-party lease and loan financing providers to offer its customers cost-effective solar financing.
Honolulu, HI (PRWEB) November 07, 2013 Baylor Solar Energy, Inc. Partners with First Associates Loan Servicing, LLC to Provide Loan Servicing for Expanding Portfolio
Baylor Solar Energy, a Honolulu based clean energy solutions provider servicing the commercial and residential solar markets, announced today that it has partnered with First Associates Loan Servicing, one of the country’s fastest growing consumer loan and lease servicing companies, to service its rapidly expanding solar lease and power purchase agreement asset portfolio.
Baylor Solar Energy, Inc. Partners with First Associates Loan … PR Web (press release)
Baylor Solar Energy, a Honolulu based clean energy solutions provider servicing the commercial and residential solar markets, announced today … loan and lease servicing companies, to service its rapidly expanding solar lease and power ..
National Solar News
Nov. 11. 2013
Companies Team Up To Drive Down Solar Costs For Local Solar Installers
Solar power “soft costs” have been targeted in recent years as having the most potential for further solar power cost reductions. We see a lot of exciting stuff happening to improve the customer side of that as well as the solar installer side of that. However, a couple of pioneering solar companies have now teamed up to offer what they say is a country first and drive down several of the costs between suppliers and installers that looks quite promising.
Solar analytics platform Geostellar® and solar equipment distributor Conergy® have teamed up to “create the first national program for qualified local solar installers that includes solar equipment packages, financing options and customer acquisition programs,” the companies reported in a news release.
Read more at http://cleantechnica.com/2013/11/05/conergy-geostellar-solar-soft-costs/#2ebQuVg06RgBgxBf.99
Solar Industry Moves to Next Level With Standardized Solar Contracts
In the latest effort to cut solar system costs, an industry working group has developed a standard solar contract that can be used across the industry.
The Solar Access to Public Capital (SAPC) working group has developed a customizable contract template that can be used for residential lease contracts and for commercial power purchase agreements.
“These template contracts should allow national and regional solar developers alike to increase business opportunities and enable the creation of tradable investment vehicles desired by pension funds and other institutional investors critical to scale the industry,” says Paul Schwabe, an energy analyst with National Renewable Energy Lab (NREL).
Standardization of these asset origination documents can enable more efficient pooling of the cash flows, as well as more effective evaluation from credit rating agencies and investors, says NREL.
for more information:www.SustainableBusiness.com