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Mosaic surpasses $4B in residential PV and energy efficiency funding –
https://www.renewableenergyworld.com/solar/mosaic-surpasses-4b-in-residential-pv-and-energy-efficiency-funding/
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<div class=”td-post-featured-image”><figure><a href=”https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced.jpg” data-caption=”Solar Powered Home, Rockville MD, Courtesy of Solar Energy World”><img width=”1050″ height=”788″ class=”entry-thumb td-modal-image” src=”https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced.jpg” srcset=”https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced.jpg 1050w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-850×638.jpg 850w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-200×150.jpg 200w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-768×576.jpg 768w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-480×360.jpg 480w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-400×300.jpg 400w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-266×200.jpg 266w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-100×75.jpg 100w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-150×113.jpg 150w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-300×225.jpg 300w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-696×522.jpg 696w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-560×420.jpg 560w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-80×60.jpg 80w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2020/10/stankus-house-enhanced-265×198.jpg 265w” sizes=”(max-width: 1050px) 100vw, 1050px” alt=”https://www.solarenergyworld.com/examples-of-solar-energy-worlds-residential-installations/” title=”stankus-house”></a><figcaption class=”wp-caption-text”>Solar Powered Home, Rockville MD, Courtesy of Solar Energy World</figcaption></figure></div> </div>

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<p>U.S. residential solar and energy-efficient home improvement financing agency Mosaic this week announced it has surpassed $4 billion in loans funded through the company’s platform.</p>

<p>The company has also added new features to its financing program including no payments for 18-months and a 25-year term loan, which it says will make it even easier for homeowners to go solar.</p>

<p>“Last year was an unusual time, but solar loans have proven to be a strong asset through this credit cycle, COVID and the economic challenges the market faced in 2020,” said Patrick Moore, president and COO of Mosaic. ” We closed asset-backed securitizations of $222 million and $280 million in 2020, both of which were multiple times oversubscribed. We now have multiple years of historical data, and the financial markets recognize Mosaic’s consistent performance and disciplined approach to delivering long-term value. This has strengthened our relationship with capital markets and reduced our cost of capital, which allows Mosaic to pass along lower rates to homeowners.”</p>

<p><strong>New Hires</strong></p>

<p>In addition to a strong 2020, Mosaic also added to its leadership team last month. Tamiko Kikuchi joins as Vice President of Product, and John King is the new Vice President and Head of Strategy and Corporate Development.</p>

<p>Kikuchi has more than 10 years of experience driving business and revenue growth through product strategy, process improvement and team leadership. Previously, she served as vice president of product and implementation at Renovate America, where she oversaw the company’s entire software product portfolio and company-wide product management organization.</p>

<p>King held leadership roles in the areas of finance and investment banking for more than 15 years before joining the solar industry. Most recently, he co-led capital markets as Senior Vice President at LoanPal. Prior to that, he oversaw capital markets and Treasury at Sunnova.</p>

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Fri, 05 Feb 2021 14:20:50 +0000
Renewable Energy World
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https://www.renewableenergyworld.com/solar/mosaic-surpasses-4b-in-residential-pv-and-energy-efficiency-funding/

NYSERDA selects developer for 110-MW Rutland Center Solar 1 –
https://www.renewableenergyworld.com/solar/nyserda-selects-developer-for-110-mw-rutland-center-solar-1/
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<div class=”td-post-featured-image”><a href=”https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/photovoltaic-2138992_640-1.jpg” data-caption><img width=”640″ height=”420″ class=”entry-thumb td-modal-image” src=”https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/photovoltaic-2138992_640-1.jpg” srcset=”https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/photovoltaic-2138992_640-1.jpg 640w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/photovoltaic-2138992_640-1-300×197.jpg 300w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/photovoltaic-2138992_640-1-200×131.jpg 200w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/photovoltaic-2138992_640-1-100×66.jpg 100w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/photovoltaic-2138992_640-1-150×98.jpg 150w” sizes=”(max-width: 640px) 100vw, 640px” alt title=”photovoltaic-2138992_640 (1)”></a></div> </div>

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<p>EPC and O&M provider Borrego (formerly Borrego Solar) this week announced it has been selected to develop a 110-MW-AC utility-scale solar project as part of the solicitation for large-scale renewables by New York State Energy Research and Development Authority (NYSERDA). The project will be Borrego’s largest development announced to date.</p>

<p>The solar project is one of 20 awarded as part of <a href=”https://www.nyserda.ny.gov/all-programs/programs/clean-energy-standard/renewable-generators-and-developers/res-tier-one-eligibility/solicitations-for-long-term-contracts”>NYSERDA’s efforts</a> to develop more than two gigawatts of new renewable energy capacity throughout New York State. It will be sited in National Grid territory in the north of the state, in the towns of Rutland and Watertown in Jefferson County.</p>

<p>In related news, Borrego also announced the appointment of Daryl Hart as vice president of utility-scale project development. Hart joins Borrego from NextEra Energy Transmission, where he was director of development. He has worked in both wind and solar development and is certified as both a Project Management Professional (PMP) and Six Sigma Black Belt. Prior to joining the renewables industry, Hart spent 10 years in the U.S. Air Force, completing his active duty service as a Major assigned to the National Air and Space Intelligence Center (NASIC). </p>

<p>“Our new focus on the utility-scale sector is powered by talented individuals with utility-scale experience,” said Mike Hall, CEO of Borrego. Hall added that the company, which recently announced it has reorganized into three independent business units—development, EPC, and O&M—has aggressive plans to grow its workforce by 25% this year and is actively looking for new talent, especially those with utility-scale skill sets. </p>

<p>Borrego’s 110 MW solar project will help support Gov. Cuomo’s goal of generating 70% of New York’s electricity from renewable sources by 2030. Borrego’s project is expected to create jobs and bring benefits to Jefferson County, and the local jurisdiction will benefit from a Payment in Lieu of Taxes as well as a Community Host Benefit Payment.</p>

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Fri, 05 Feb 2021 14:02:02 +0000
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https://www.renewableenergyworld.com/solar/nyserda-selects-developer-for-110-mw-rutland-center-solar-1/

Nearly 100 solar arrays to be installed at Wells Fargo locations in seven U.S. states –
https://www.renewableenergyworld.com/solar/nearly-100-solar-arrays-to-be-installed-at-wells-fargo-locations-in-seven-u-s-states/
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<div class=”td-post-featured-image”><figure><a href=”https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/Wells-Fargo-and-Ameresco.jpg” data-caption=”Rendering representative of carport, rooftop and parking garage solar array system designed and to be installed by Ameresco at Wells Fargo’s Chandler AZ campus. Photo: businesswire”><img width=”480″ height=”254″ class=”entry-thumb td-modal-image” src=”https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/Wells-Fargo-and-Ameresco.jpg” srcset=”https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/Wells-Fargo-and-Ameresco.jpg 480w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/Wells-Fargo-and-Ameresco-300×159.jpg 300w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/Wells-Fargo-and-Ameresco-200×106.jpg 200w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/Wells-Fargo-and-Ameresco-100×53.jpg 100w, https://dqbx58m08igv.cloudfront.net/wp-content/uploads/2021/02/Wells-Fargo-and-Ameresco-150×79.jpg 150w” sizes=”(max-width: 480px) 100vw, 480px” alt=”Wells Fargo and Ameresco” title=”Wells Fargo and Ameresco”></a><figcaption class=”wp-caption-text”>Rendering representative of carport, rooftop and parking garage solar array system designed and to be installed by Ameresco at Wells Fargo’s Chandler AZ campus. Photo: businesswire</figcaption></figure></div> </div>

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<p>Today, Ameresco and Wells Fargo announced a collaboration to develop and install approximately 30 megawatts (MW) of new, onsite solar photovoltaic (PV) generation assets at corporate and retail locations in Arizona, California, Connecticut, Iowa, New Jersey, North Carolina and Texas. Construction will begin in April 2021 and is expected to be finished in 2022.</p>

<p>The onsite solar to be constructed under the agreement range from a six-kilowatt rooftop array on a branch in Connecticut, to a 6.5-MW carport and rooftop system at Wells Fargo’s Chandler AZ campus (see lead image). Other larger projects include a 5.5-MW combination rooftop/ground-mount system to serve an administrative property in San Antonio, TX, and a nearly 2 MW ground mount system adjacent to a Wells Fargo campus in Des Moines, IA.</p>

<p>Wells Fargo has been meeting 100% of its global electricity requirements with renewable energy since 2017, initially through the purchase of Renewable Energy Certificates (RECs). Today’s announcement supports the firm’s goal to develop net-new sources of renewable energy in locations where its energy needs are the greatest. According to the company, the strategy will also help job creation, tax revenue, and grid resiliency in locations where its customers and employees live and work.</p>

<p>“Wells Fargo aims to meet its energy goals in a way that curbs climate change,” said Nate Hurst, head of Social Impact and Sustainability for Wells Fargo. “We believe you can protect the planet and grow the economy at the same time. By significantly expanding our onsite solar generation, we are delivering impact at the local level and helping to accelerating a just transition to a low-carbon future.”</p>

<p>Wells Fargo commissioned this project, while Ameresco emerged the preferred collaborator. Ameresco worked in partnership with renewable energy advisory firm, CustomerFirst Renewables, also a vendor of Wells Fargo, to plan and develop the solar energy systems.</p>

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