Weekly Newsflash: Solar Investment and Renewable Energy Projects

Solar companies have been closing investments this past week, while major corporate players and government agencies commit additional financing for renewable energy projects. What energy and cleantech news have you been reading? Share it with us @GreentownLabs!

Cleantechnia: SolarCity Raises Another $305 Million in Financing

Days after the company announced its expansion into Austin, Texas, America’s leading solar power provider, SolarCity, announced it has taken in another million-dollar financing investment.

Cleantechnia: Off-Grid Solar Company Bboxx Closes $20 Million Investment
Off-grid solar company BBOXX announced in late August that it had successfully closed a $20 million Series C investment. BBOXX is a leading off-grid solar company, which designs, manufactures, distributes, and finances plug & play solar systems which provide access to energy across Africa and the developing world where traditional electricity generation methods might be untenable, or simply not yet exist.

Clean Technology Business Review: US DOE Announces $37 Million in Financing for 16 New Projects*

A funding of $37m has been announced by the US Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (APRA-E) for 16 new projects to transform energy storage and conversion. The funding forms part of a new ARPA-E program, Integration and Optimization of Novel Ion-Conducting Solids (IONICS).

*This media resource is no longer functional

PR Newswire: Chubb Helps Clean Tech Companies Rebuild Green After a Loss – Launches New Sustainability Suite of Coverages

Chubb has added a suite of new coverages to its specialized clean tech industry insurance program. The Clean Tech Sustainability Suite provides essential protection for firms conducting research and development (R&D) and can help clean tech firms rebuild “green” in the case of a property loss.  

AZCleantech: MIT Spinout EverVest Builds Data Analytics Platform That Provides Financial Risk Analyses for Renewable Energy Prospects

MIT spinout EverVest has built a data-analytics platform that aims to give investors rapid, accurate cash-flow models and financial risk analyses for renewable-energy projects. Recently acquired by asset-management firm Ultra Capital, EverVest’s platform could help boost investment in sustainable-infrastructure projects, including wind and solar power.

Huffington Post: Optimizing Development Co-Benefits to Achieve Sustainable Development Goals

A year ago at the United Nations General Assembly, world leaders from 193 nations adopted the 2030 Agenda for Sustainable Development, along with a bold set of new sustainable development goals (SDGs). While some have hailed the SDGs as a historic moment—where for the first time, all countries have agreed to a universal agenda to end poverty, save the planet and ensure prosperity for all—others have questioned how realistic the 2030 agenda was, with its 17 SDGs, 169 targets and 230 unique indicators.

Investopedia: Amazon Announces Its Largest-Ever Renewable Energy Project

The Amazon Wind Farm Texas will feature more than 100 wind turbines with diameters “twice as long as the wingspan of a Boeing 747” and produce annual energy to power almost 90,000 homes for a year. The project is the fifth such renewable energy project for the company. Cumulatively, the projects generate 2.6 million megawatt hours each year and will be used to power current and future Amazon Web Services cloud data centers.