Starhub Energy Group’s Post

There's a need for 'green renovations' to meet net zero targets, which requires capital investment. What if you could receive the benefits of green electricity from solar panels, without the upfront cost? This is where Zero Citizen's Renewable Energy Fractions and its sharing economy model enters the market: https://lnkd.in/eJY4n7BW https://lnkd.in/eBucqq4f

Back in 2022, with US based #solar companies exploring the potential for their European equivalents to grow, the timeline for getting a European ‘solar ABS market off the ground’ seemed imminent. However, this has come to a bit of a standstill. ““The challenge is developing appropriate scale to issue a European solar securitizationas, aside from a number of larger originators,”” said Killian Walsh, a Managing Director within KBRA’s European #StructuredFinance group. ““The provision of the loan and lease product in Europe remains relatively fragmented.”” Learn more about our #assetbackedsecurities efforts on www.kbra.com or read the full GlobalCapital story here: https://lnkd.in/evX5q64U | #Europeansecuritisations #financialinsights

Everyone knows that transitioning to solar power is a sure-fire way to live more cost-effectively. But did you know that the cost of implementing a PV system could be affordable too, thanks to Standard Bank South Africa? The bank was it the first organisation to announce its participation in the government's Energy Bounce Back Loan Guarantee Scheme — and it runs a range of its own initiatives. For example, it offers the first-of-its-kind LookSee Solar Loan and has recently increased its green solution funding. Learn more about how Standard Bank could help you reap the benefits of solar power below. #SolarPower #PVSystems #LookSee https://bit.ly/438xDoq

The renovation revolution is starting to kickoff - incentives to upgrade in the right direction for reduced running cost and comfort all year round - this is all about the missing affordability narrative: not just afford to buy or rent but afford to live in… We need to bring these together to have a more nuanced and informed discussion about our homes - delivered through more comprehensive property insights. It’s time for proptech platforms and property matting professional to step up and understand how to connect into this new value opportunity AND Make a difference to peoples lives. Reach out if you’re interested to know how. Proptech Association Australia

Via PV Mag: " SunPower breaches credit agreement, warns business may go under: The publicly traded solar company submitted a regulatory filing, raising concerns about its ability to stay in business. Residential solar company SunPower suffered a drop of over 40% in share price this week as it filed a quarterly earnings report that flagged a “going concern.” The concern was sparked by a technical default on debts owed by the company. In October, SunPower announced it would re-state third quarter financial results due to an inventory reporting error with one of its subsidiaries. Being late with financial reporting placed SunPower in breach of key terms in several credit agreements, leaving the company exposed to lenders’ requests for immediate repayment. In all, SunPower stated that this breach could lead to lenders demanding immediate payment of over $65 million in debt, causing the company to express doubts about its ability to keep its operations running. The company said it is currently trying to secure a waiver with the lenders, and without one, it may lack funds to support day-to-day operations. On Dec. 8, 2023, the company received a similar waiver that saved it from technical default and provided it access to $75 million in funding. SunPower has until January 19 to shore up finances or receive another waiver for the some $65 million in debt it is obligated to repay. Pavel Molchanov, an analyst at Raymond James, told Reuters that the company stands a good chance to secure a waiver, as it essentially resulted from a technical issue. Roth Capital Partners said in an industry note that if SunPower fails to secure the waiver, it could lead to a “cascade” of cash flow challenges, leading to cash flow constraints for SunPower dealers. The company has posted over $110 million in operational losses through three quarters this year. Residential solar has struggled industrywide in the U.S. in 2023 due to the macroeconomic environment and critical policy changes. High interest rates in particular have been a detriment to companies like SunPower, who rely on lending to offer their customers attractive long-term solar energy contracts. Looking ahead While hard times have hit U.S. residential solar, Enphase co-founder Raghu Belur told pv magazine USA he believes 2024 will be “a year of recovery” for the industry.  Belur pointed to the financial fundamentals of rooftop solar, storage and EV charging. Interest rates are eventually going to come down, and meanwhile, utility rates are rising far faster than inflation. This is particularly true in California, where the Public Utilities Commission approved a 13% bump to electric utility rates in 2024. Couple these changing forces with diving solar module prices, and suddenly the payback period looks strong, and demand recovers. While solar and storage shoppers typically use a rule of thumb of… " #EnergyStrorage #BatteryStorage #Energy

FAVOURABLE BANK FINANCING OF A SOLAR POWER PLANT – WHAT WE DID AND HOW WE DID IT ⚡I am happy to have supported a client from the engineering / energy sector in obtaining EUR 3m 10-year bank loan to finance its solar power plant project. The financing has been secured under extremely favourable conditions. ❓What have we managed to secure? ✅Full market risk accepted by the bank (hence no PPA or similar arrangement) ✅Very low interest rate – 1,62% fixed for the duration of the loan (10 years) ✅No recourse to client’s other businesses ✅Only one, favourable financial covenant ✅Much more, but these elements shall remain undisclosed (these remain my secret sauce 😉) ❓How we did it? 1️⃣First, we built the business case, including the cash flow projections under several scenarios. The biggest challenge were the fluctuations of key assumptions over the past year (most notably of the electricity price), because there was no PPA or a similar agreement. 2️⃣Second, based on the cash flow model, we selected the appropriate financing structure, including the loan tenor, acceptable interest rate, borrower, acceptable guarantors, etc. 3️⃣Third, resulting from the points 1 and 2, we identified relevant contractual clauses. We split them into a) dealbreakers, b) clauses ready to negotiate and what we would be ready to accept under each of them, and c) acceptable clauses. This allowed us to be clear toward the bank and ourselves what we can realistically achieve. 4️⃣Finally, the client signed the deal! All of this would not have been possible without a proper strategic approach. Obtaining #bank financing requires diligence and strategic thinking, with very little space for error. You have to develop a plan A, but also a plan B, C… - many alternatives and mitigants to what could come your way.   I have to admit – it was not an easy ride. The key assumptions were changing constantly, including electricity price, interest rate, equipment price, and most challenging – the bank’s standpoint. To be honest, we did not manage to get everything we wanted, because everything comes at a cost. Still, we managed to renegotiate the bank’s initial requirements and sign the deal under very favourable conditions. (The client’s and the bank’s name shall remain undisclosed due to confidentiality reasons.) 🌞This project will improve Croatia’s energy balance by adding sustainable and renewable energy to its #energy mix.   _____ 📱 📩 In case you are contemplating obtaining a bank loan and: ✔want to secure favourable financing ✔find the best possible financing structure for your company so you don't risk losing everything ✔want to achieve many benefits unknown to most borrowers - feel free to get in touch. #esg #sustainability #financing #kredit #banka #financiranje #creditrisk #credit #solarpowerplant #renewableenergy

𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄? 𝗧𝗵𝗲 𝗧𝗲𝗰𝗵𝗻𝗼𝘀𝗲𝗿𝘃𝗲 𝗚𝗿𝗼𝘂𝗽 𝗶𝘀 𝗮𝗰𝗰𝗿𝗲𝗱𝗶𝘁𝗲𝗱 𝗮𝘀 𝗮𝗻 𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝗶𝗻𝘀𝘁𝗮𝗹𝗹𝗲𝗿 𝘄𝗶𝘁𝗵 𝗺𝗼𝘀𝘁 𝗺𝗮𝗷𝗼𝗿 𝗯𝗮𝗻𝗸𝘀. "South African homes and small businesses can continue benefitting from low-interest bank loans on solar installations until early 2025. The National Treasury’s Energy Bounce-Back (EBB) allows participating banks to offer personal and small business customers low interest rates on loans that go towards their solar power system purchases. As the EBB scheme was only launched in August 2023 and banks were onboarded from September to December 2023, the expiry date for customers to take up the loans can be anywhere between February 2025 and May 2025, depending on the bank." - Hanno Labuschagne | MyBroadband Read the full article here https://bit.ly/4dZosuS detailed insights! #TechnoSolarSA #solarinstallationcompany #reputablesolarcompany #solarinstallerwesterncape #residentialsolar #solarnews #SolarLoansSouthAfrica #SolarLoanOptions

Financial services provider Standard Bank Group foresees continued massive demand for solar and energy-related products this year, after seeing a 400% growth in demand for LookSee’s solar installation offering last year. LookSee is the bank’s purpose-built solar loan, which it launched in 2023 as part of the government’s Energy Bounce-Back Loan Scheme. “From a financing perspective, Standard Bank has seen a big increase in green solution funding. The bank has led a concerted effort to disburse funds to individuals in South Africa for installing solar solutions or purchasing “green-aligned” homes. The total green lending book grew by 26% last year to R2.9-billion. LookSee head Marc du Plessis explains that Standard Bank is participating in the Energy Bounce-Back Loan Scheme alongside the National Treasury and the South African Reserve Bank, offering financing to qualifying businesses who meet eligibility criteria in efforts to manage current power interruptions. Read more: https://lnkd.in/dynRtayU #RenewableEnergy #Solar #SouthAfrica #Investment #Finance

Sunstone Partners with M&T Bank to Expand Solar Financing Options for Businesses In a strategic move to enhance access to solar financing for businesses, Sunstone, a leading loan platform specializing in clean energy transitions, has announced a collaborative program with M&T Bank . This initiative aims to provide businesses with simplified and affordable financing solutions for solar installations. Despite the numerous advantages and incentives associated with solar energy adoption, many businesses face hurdles in securing loan financing for such projects. Consequently, they are often left with limited options, either having to pay upfront in cash or forego the transition to clean energy entirely. Through this partnership with M&T Bank, ranked among the […] Read the full story here: https://lnkd.in/dasTNx8d #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #northamerica #renewableenergy #solarenergy #solarinstallations #sunstone

The principles of supply and demand remain pivotal in the economy, particularly regarding the need for affordable energy sources. Despite advancements in renewable energy, fossil fuels such as oil and gas will persist in their significance over time. While there may be a temporary decline in oil consumption, this trend could plateau or even reverse as demand grows, especially in sectors like aviation and maritime where viable alternatives are limited. Additionally, gas consumption is expected to remain robust, possibly maintaining current levels or even increasing by up to 47% by 2050 and 126% by 2100.