Monthly Archives: April 2016

Next Page

Business Solar Financing Drops To $2.8 Billion In Q1’16, Reports Mercom

Corporate Solar Funding Drops To $2.8 Billion In Q116, Reports Mercom

April 7th, 2016 by Joshua S Hill

Mercom Capital Group has reported that total business financing for the international solar sector has actually dropped to $2.8 billion in the first quarter of 2016.

According to Mercom Capital Groups most current report on funding and merger amp; acquisitions (Mamp; A) for the first quarter of 2016, the solar industry saw its overall financing drop to $2.8 billion, compared to $6.9 billion in the instantly preceding fourth quarter of 2015. Thats a decline of around 59 % on the previous quarter, and 56 % on the very same quarter a year earlier, which reached $6.4 billion.

“It’s a tough environment out there,” said Raj Prabhu, CEO of Mercom Capital Group. “Solar public business in general have actually had a hard time raising capital at depressed market evaluations. Yieldcos, which represented significant financial activity in the debt and public markets in 2014, have faded this quarter. On the brilliant side, VC financing held up well, securitization offer activity selected up and residential/commercial funds raised a billion dollars in Q1.”

Total endeavor capital (VC) financing internationally for the solar sector reached $406 million across 23 dealshandle the very first quarter of 2016, as compared to $457 million over 17 deals a quarter previously, and up on the same quarter a year previously. Most of the VC funding in the very first quarter went to downstream solar companies, led by Sunnova Energy, which raised $300 million.

Public market funding fell off the cliff according to Mercom, with just $94 million raised over 4 deals, as compared to $605 million over eight deals in Q415, and $1.3 billion over 10 dealshandle Q115.

Revealed financial obligation funding also dropped, with just $2.3 billion over 19 deals, compared to $5.8 billion over 27 offershandle Q415, and $4.9 billion over 25 deals in Q115.

The leading 5 large-scale project financing offers for the quarter are as follows:

Residential and industrial solar funds for lease and Power Purchase Agreements continued strong in the very first quarter, with $1 billion over 6 deals announced, as compared to $650 million over three offershandle the quarter previously, and raising the cumulative overall because 2009 to approximately $18 billion.

There were a total of 14 solar mergers and acquisitions in the quarter, ranked positively against the 13 in Q415.

Task acquisition held steady with 50 deals, with roughly 2.4 GW of solar projects acquired throughout the quarter.

The biggest acquisitions by dollar quantity are as follows:

Get CleanTechnicas 1st (entirely complimentary) electric automobile report -> Electric Cars: Exactly what Early Adopters First Followers Want.

Keep up to this day with all the most popular cleantech news by subscribing to our (totally free) cleantech newsletter, or keep an eye on sector-specific news by getting our (likewise complimentary) solar energy newsletter, electrical vehicle newsletter, or wind energy newsletter.

The Iain Duncan Smith Heritage? Universal Credit Will Not Change Welfare

In his first spending plan, in July 2010, George Osborne guaranteed to “balance the books” by 2015. But he did not discuss exactly what he would cut. Which provided an immediate issue. The Department for Work and Pensions was by far the biggest spending department – however not just had the federal government, through the “triple lock”, pledged to enhance spending on pensioners, but Iain Duncan Smith’s “huge ideaconcept” – rolling 6 advantages into one universal credit – implied more spending on low-paid working individuals, too.

Related: Iain Duncan Smith was being asked making more cuts for the working poor. It was morally indefensible

After acrimonious settlements, an offer was reached. Duncan Smith could have his universal credit. However the trade-off was extremely hugehuge cuts in impairment benefits. The roll-out of the work and assistance allowance would be sped up, requiring a million individuals back to work, while disability living allowance would be changed with an individual independence payment, cutting spending by 20 % compared with DWP forecasts.

It did not take long for the wheels to come off. When Duncan Smith pushed ahead – versus the professional recommendations of his own independent customer – with ESA rollout, well-publicised errors and a torrent of appeals implied the system collapsed into pricey turmoil. Not only did numerous truly handicapped individuals suffer needlessly, however – more essentialmore vital from George Osborne’s viewpoint – the cost savings failed to materialise. Ditto with Pip. There had never been a plan to deliver the guaranteed cost savings, simply an entry in a Treasury spreadsheet. The conserving grace, from the Treasury point of view, was universal credit. Duncan Smith’s ridiculously ambitious timetable, again in the face of professional suggestions, consistently slipped. This was politically awkward, however it did result in some useful budgetary savings.

Fast forward to the 2015 Tory manifesto. Disregarding the lessons of the previous parliament – don’t guarantee welfare cuts unless you can deliver – this targeted an approximate 12bn of cuts. This was essential to money more deficit decrease and 7bn of tax cuts, overwhelmingly benefiting the better-off.

Related: Pique instead of piety pressed Iain Duncan Smith over the edge

Where was the moneythe cash coming from this time? After the ESA and Pip mess, the Treasury not had any self-confidence in Duncan Smith’s ability to provide impairment advantage cuts. Instead, the focus was on tax credits. But when that, too, went off track, Osborne saw an opportunity to convert universal credit from a risk to a chance. The tax credit cuts have not been cancelled – they have merely been delayed. When universal credit is presented, mainly from 2018 on, they will be executed through the back entrance. Universal credit will by then represent a huge cut.

It is most likely this, more than the relatively minor, if very painful for some, cuts to Pip that describes Duncan Smith’s resignation. He is often talked about as a great reformer of the welfare state. But he has no reforms to his credit as yet. It is widely identified that the impairment advantage system he acquired was severely problematic – and that he has actually made things far worse. The “bed room tax” and “benefit cap”, whatever you thinkconsider their merits, are relatively minor cost-saving steps. His sole purpose for clingingholding on to office was to implement the one real, radical procedure for which he is really responsible. But universal credit is not, if it ever was, a new system which will transform the performance of the well-being system. It is just another Treasury cut.

So how should we judge Duncan Smith’s six years as secretary of state? Having an initial, constant vision for the improvement of the benefit system was not a fault, even if not everyone believed it was practical or reasonable. But when confronted with proof or information that challenged his world view, he overlooked it or, even worse still, twisted and misrepresented the stats. When his advisors informed him to decrease, he refused to listen. When disabled people or charities mentioned the human expense, in suicides or food banks, not just did he not change course, he and his advisors smeared them with off-the-record instructions. Eventually, it was this refusal to engage with reality that was not only his failure, however ensures that he leaves little in the way of a positive legacy.

Related: If we are not all in it together, this is largely due to Duncan Smith

The new secretary of state will acquire several difficulties: the delivery of universal credit and other changes, a functioning but demoralised department and, of course, a big budget plan hole. If I might provide Duncan Smith’s follower one piece of suggestions, it would not be on any certain policy, however instead just to listen. To the specialists: the civil servants, the physicians, economic experts and researchers. And to the people who depend on the well-being system: the handicapped, low-income households in and out of work, and the poorest. Then, possibly, a repetition of his unfortunate fate can be avoided.

Jonathan Portes is primary research study fellow at the National Institute of Economic and Social Research study



Replaced income assistance, jobseeker’s allowance, employment and assistance allowance, real estate advantage, child tax credit and working tax credit. Subject to repeated delays, it has been forecasted that its costs will swell to practically 16bn during its lifetime.


A new limitation on the maximum quantity that individuals claiming advantage can get. Previously capped at 26,000, it was decreased to 23,000 for those in London and 20,000 for those outside. Even before its introduction, Whitehall authorities were warning that it would result in an extra 40,000 children being classed as living in poverty. This is considered a conservative estimate.


Introduced for people of working age to change disability living allowance. Treasury quotes suggest it will conserve the federal government practically 4.5 bn in between now and 2020. But critics recommend that the savings have actually been utilized to fund tax cuts for the affluent. It was his anger over the introduction of Pip that appears to have actually been the trigger for Iain Duncan Smith’s choice to quit.


A decrease in benefits for individuals residing in council or housing association accommodation whose home is deemed to be larger than they require. Quickly brought in the anger of anti-poverty advocates and disability rights groups: two-thirds of people affected by the under-occupancy penalty are signed up as handicapped.

Posted on April 29, 2016, 9:59 AM By
Categories: Finance & Lending Tags:
Home Loan Rates Fall As Treasury Yields Stay Low

In another indication of sluggish growth and weak need, home mortgage rates fell to their least expensivefloor this year as Treasury yields was up to practically their most affordable rate in history. US Treasuries fell to less than 1.7 % during Thursday trading, nearing the all-time low attained earlier this year of 1.64 %.

Spanish Consumers Win Triumph Over Home Mortgage Payments

Banks consisting of Barclays and Santander face a EUR5bn (4bn) costs after a Spanish court ruled that countless fixed minimum rate mortgages were null and void because of the “absence of openness” in the method they were sold during the property boom.

The ruling in a Madrid industrial court is available in reaction to a class action suit on behalf of 15,000 home loan holders. The home loans include exactly what is known as a cl usula suelo, which repairs a minimum regular monthly payment. So, while still a variable rate mortgage, the bank sets a cut-off point listed below which payments are not enabled to fall.

Some 40 banks are included, including Caixabank, Barclays, Bankia, and Banco Santander. Caixabank and Bankia abolished cl usula suelo home mortgages in 2014. The decision was anticipated by the banking sector and many have currently made arrangements for a payout. They have 20 days to appeal versus the judgment.

The stipulations were presented to secure banks from unfavorable interest rates.

MostThe majority of the estimated 4m mortgages influenced were sold during the 1997-2007 building boom when purchasers were paying top prices for their homes. When the bubble burst they were unable to benefit from falling interest rates.

It is approximated that those affected pay from EUR179 (Euribor +0.5 %) to EUR213 (Euribor +1 %) more on a EUR150,000 mortgage than they would if they didn’t have actually a fixed minimum rate home mortgage.

As the recession set in and individuals were unable to meet their home loan repayments, they were kicked out in growing numbers, peaking at approximately 500 a day in 2012.

Under Spanish law homeowners can not claim bankruptcy over a home mortgage as it is regardedconsidered as individual debt. So after the banks foreclose and repossess a property the previous owner still has to settle the home mortgage, along with associated legal charges.

In Might 2013, Spain’s supreme court ruled that the mortgages of this type provided by BBVA, Cajamar and NCG were “violent”. Thursday’s judgment handed down by judge Carmen Gonz lez goes even more, “condemning the banks in question to pay back the quantities incorrectly charged under stipulations declared null by the supreme court”.

This means the ruling is only retrospective to May 2013. The European court in Strasbourg is anticipated to rule on 26 April whether the banks’ liability must extend beyond that date. The European commission has currently said it believes the payments ought to be backdated to the date the home mortgage was signed, on the grounds that if a clause is proclaimed null, it’s null from the beginning.

The ruling does not outlaw this type of mortgage but states the current mortgages are null due to the fact that of an absence of openness on the part of the banks which failed to properly inform customers what they were signing up to.

The class action fit was very first brought 5 years back by the customers action group ADICAE. Manuel Pardos, president of ADICAE, praised the judge for her bravery.

Illinois School Financing Debate Breaks Along Political, Geographical Lines

The problem of state financing for schools, and state money support to Chicago Public Schools, always results in a rancorous dispute in Springfield that tends to fall along not just partisan but geographical lines.The problem is intensified by issues that the state budget impasse might extend past the start of the next school year, even past November elections for members of the General Assembly. The argument also comes as CPS faces immediate cash-flow pressures and its powerful teachers union looks for a new agreement.

U.S. Senators Advance Biomedical Development Expenses, However Crucial NIH Financing Concern Unsolved

The tally of biomedical development expenses flowing through the USSENATE got an upgrade the other day: 18 down, with at least another to go. Legislators on the Health, Education, Labor and Pensions (ASSISTANCE) committee held the last of 3 conferences to approve bills that, as soon as bundled together, will form a companion to the House of Reps’s massive 21st Century Cures expense. That legislation, which the House passed this previous July aims to spur medical developments through reforms at the National Institutes of Health (NIH) and the Food and Drug Administration.

But a final piece of the puzzle– a Senate arrangement on ways to enhance financing for those companies, and by just how much– is still missing out on. The House version of 21st Century Cures consists of $8.75 billion in so-called compulsory spending for NIH, devoted cash exempt to annual appropriations which would be provided by offering oil from the nation’s Strategic Petroleum Reserve.

Republicans in the Senate, nevertheless, initially balked at the idea of necessary financing. But a chorus of Democratic legislators on the AID committee– the loudest among them Senator Elizabeth Warren (D-MA)– insisted that no innovation bill would get their assistance without such financing.

The chair of the AID committee, Senator Lamar Alexander (R-TN), has been encouraging of compulsory financing, but has actually noted that his committee doesn’t have the jurisdiction to require sellingselling petroleum reserves to pay for the spending. Still, he told the committee yesterday he was still positive about designing a financing plan that could win a bulk vote in the full Senate. “I do not have any objective of taking the work product of this committee to the floor without having a bipartisan contract … about a rise in financing for the National Institutes of Health,” he told the committee. “Without that contract, we don’t get this bill. But without this bill, we do not get obligatory funding either.”

The leader of another vital Senate panel indicated at a hearing today that he may be open to such “rise” funding. Senator Roy Blunt (R-MO), chair of the Senate appropriations subcommittee that supervises NIH’s spending plan, repeated his opposition to a White House proposal to utilize obligatory funding for NIH’s regular budget plan in 2017, calling it “risky.” However he stated he and Alexander have actually discussed a short-term “surge concentrated on specific tasks,” which “might be different.”

NIH Director Francis Collins later on described in reaction to a question from Alexander– who likewise remains on the spending panel– that the company thinks it could spend such an unique fund on five specific locations without facing a “cliff” when the money runs out. NIH might send a “workplan” with “timetables” and “certain dollar figures,” Collins stated.

Amongst the steps that the AID panel approved the other day were a costs broadly authorizing President Obama’s Precision Medicine Effort, another that minimizes management requirements for NIH employees, and a long-discussed proposition to speed the governing approval of antibiotics for severe infections in minimal populations.

Committee personnel is now working to put together those and related expenses into a final Remedies plan. Alexander has indicated the last expense might be readily available as early as next week, and said yesterday that Senate Bulk Leader Mitch McConnell (R-KY) has actually concurredaccepted to schedule a floor vote on the costs if the committee can produce it.

With reporting by Jocelyn Kaiser.

Student Groups Count On ‘Damaged’ USG Appropriations System For Funding

The appropriations procedure differs a little in between each school. Students at Polytechnic need to go through the
Student Cost Allocation Board, which is a branch of USG Polytechnic, to obtain their funding. Students at the West school are required to send requests for funding straight on the USG West website, and students at the Downtown school fill out a Google Doc found on the USG Downtown OrgSync page.

Even though the offered board or committee might be different, funds constantly originate from the USG of their respective campus.

Election drama existed on the Tempe school, preceeding a runoff election on April 6.

Johanna Huckebaelect Brandon Bishop postures for a picture on the steps of Old Main Thursday, April 7, 2016, after the election outcomes were revealed.

Present Tempe USG Chief of Personnel Brandon Bishop
won the overflow election by a slim margin on April 7. Although the Bishop ticket won with a bulk of the vote, the results will not be main until an Associated Students of ASU case is brought to a close.

The case, Arena v. Ruben, was lobbied by Alex Arena. Arena is the present co-chair of the Tempe USG senate appropriations committee, and worked as vice president of services on Aundrea DeGravinas presidential ticket. The suit declares that Bishops project
stole a code utilized on social networks by the DeGravina ticket.

With the campus interest focused on its student federal government, concerns relating to appropriations made their method into conversation around the election.

After the appropriations committee receives and evaluates a request for financing, it asks the leaders of the club to provide themselves for a hearing, where they have to validate their petition. In some cases, an offered club will get more funding than another, because they made a stronger case at their hearing. Arena said that does not always associate with a higher, tangible need.

I cant say Club A has a higher requirement, Arena stated. I can say they have shown a higher need.

Organizations and clubs with active management have an advantage over other clubs when it comes time to userequest financing, he stated.

The organizations with the most active presidents and treasurers get the a lot of funding, Arena said. We cant assist you if you do notThe State Press

Erin Swiatek, the present president of the Triathalon Club, discusses her experience attemptingattempting to get cash from USG at the Starbucks in the Memorial Union on Tuesday, March 29, 2016.

ASU Triathlon President Erin Swiatek said her experience with appropriations has been a discouraging, complicated procedure.

I seem like the process is constantly very sluggish with what were doing, Swiatek stated. Ive struggled a lot with financing this year, and exactly what to do.

Swiatek has actually been the president of the Arizona State University Triathlon club for the periodthroughout of the 2015-16 scholastic year. They were at first rejected funding for the year, since her predecessor did not sufficiently meet the documentation requirements to protect the funding.

Our club was placed on probation level this year, she said. Being on that probation level, we were provided $0. They took pity on us and offered us $400.

UsingObtaining club funding sounded straightforward at the beginning of her period, Swiatek said. Nevertheless, she was disappointed when nobody from Tempe USG notified her that her clubs individual financing would go through Sun Devil Sports Clubs, rather than through Tempe USG.

She was not informed of this until after she had submitted all the relevant documents and made her demand to Tempe USG.

That experience has actually been aggravating, she stated. My experience in that office is that were blown off.

Swiateks viewpoint is not special to USG outsiders.USG authorities dealing with appropriations Aundrea DeGravina, the current chair of the Tempe USG appropriations committee, said the procedure of requesting and securing funds is needlessly

strenuous and in requirement of redesign. DeGravina said she believes enhanced communication on the part of Tempe USG will help students understand the funds available to them, along with the best ways to request those funds.

She said she also wantswishes to streamline the process and do away with manythe majority of the paperwork involved with requesting funding. Instead of go through documentation, she stated she desires everything to be done through Google Docs. Likewise, Bishop expressed a desire to improve the appropriations procedure. He stated he wantswishes to deal with the brand-new senate to helpto assist simplify the appropriations process. We desirewish to make certain we have a healthy relationship with the senate, he stated. Actually with the appropriations process … to make sure every organization understands whats

taking place. Bishop echoed DeGravinas concerns and stated members of Tempe USG needhave to actively reach out to students to make sure everybody is on the exact same page relating to funding and the best ways to acquire it.

A lot of individuals seem like, often, theres an absence of communication, or they seem like they don’t knowhave no idea about all the modifications that are occurring, Bishop said. He said he desireswishes to work hand-in-hand with the senate to make funding demands online and easily digestible, so that individuals who do not have prior monetary experience will be able to follow it.

Bishop stated student federal government agents have a responsibility to actively engage their constituents and does not feel Tempe USG does an excellent sufficienta sufficient task presently. I think were on the 3rd floor of the

MU, but companies either do not like us, or organizations don’t believe that they can actually turn up and ask us concerns, he said. So its really just requiring all our directors and senators to different club meetings often so that the club leaders in fact have a relationship with USG. Bishop stated he desireswishes to alter specific requirements concerning how clubs really obtain funding from USG. Presently, clubs needhave to have 10 registered members to be eligible for USG financing. Bishop stated he desireswishes to get rid of the requirement so that clubs who are looking for

to obtain off the ground can be offered a reasonable shake. Beyond that, increased student outreach will improve the appropriations process most, he said.The cost of signing up with a club Johanna HuckebaPhoto illustration done on Wednesday, March 3, 2016. Numerous sports clubs, such as Swiateks, charge their members fees to join. On top of that, students

need to pay a$25 charge to become part of the Sun Devil Sports Clubs network, she said.

Students usingrequesting her club has to pay

a$150 triathlon cost,$25 to Sun Devil Sports

Clubs, buy their own bike, pay approximately$600

to participatetake part in every race, spend for their own hotel rooms and acquire their own wetsuit for swimming events. Students have no chance of repayment, Swiatek said. Belonging to the triathlon
club is purely an exercise of enthusiasm. Outside of the subscription fee, Swiateks club is funded through sponsorships and contributions by companies such as Ironman. These charges and donations addamount to about$10,000 for this year, she said. Ideally, I would state we need to at least double that, she stated. Swiatek stated she does her finest to utilize that$10,000 towards her groups hotel spaces and devices, along with coach salaries, which amounted to$6,000 this year. Although Swiatek had disappointments with the appropriations procedure, she said it seemed as though there were no clear cut directions on the best ways to go about usingrequesting USG funding. DeGravina stated an absence of interaction between Tempe USG and the students it represents is accountable for ambiguities regarding how students receive financing. Its administration at its finest, DeGravina stated. We need to do more outreach and meet students where theyre at. Swiatek said specific sports clubs are

in a distinct position in relation to other clubs, due to the fact that they do not get their appropriations straight from USG For this fiscal year, Tempe USG. budgeted$110,000 toward Sun Devil Sports

Clubs.Tempe USG general club appropriations Tempe USG Civic Engagement Director Nicholas Gunther said he took an interest in appropriations outside of his USG role. Acting wholly as a concerned student with an understanding of ways to browse the USG system, he pulled budget plans from previous years to examine just how much cash was going towardapproaching club financing, along with how much of that cash was being spent. Gunthers issue happened throughout a debate surrounding the Student Programming Cost by$5. Naturally, Id be really hesitant of that, understanding how burdened students are, Gunther stated. The more I looked at the spending plan, the more doubtful I was of the cost increase. Gunther found that clubs have invested a growing number of of their assigned funds nearly every year given that 2011.

Here’s How To Handle Your Mortgage When You Get Divorced

Divorce is an unpleasant and psychological situation, and it can wreak havoc on your financial resources. One of the major possessions that couples share is their home mortgage. Managing your home loan properly in the divorce will assist you and your ex go your different methods on the best foot economically.1.

Selling Is Often the Finestthe very best Choice

Your best choice is normally to sell your house. This is most convenient done if you have equity in the home, and the homeyour home can be offered and the earnings split. Emotionally, selling will not constantly be the simplest, specifically if you raised your children in that home or have other fond memories. From a monetary and sensible viewpoint, offering the house and splitting the profit is the cleanest way to deal with the mortgage.2.

Decide if One Spouse Can Take Over the House Payments

If one partner wantswishes to keep the home, then they can refinance the home under their own name. In order to do this, they will require to qualifyobtain the refinance with simply their earnings.

Editorial: County Board Is Planning To Fix Highway Financing Concern

Know that no choices has yet been made by the County Board.The reality is that funding for road maintenance and/or improvement is falling back the real requirement, so the county requires to consider all choices available.Under Minnesota law, non-metro county boards can enact a local alternative sales tax of approximately percent to fund particular transport jobs and operations. The sales tax can be enacted on a per project basis and is required to end or sunset when the task funding level is reached.There is growing issue with county officials and staff about the broadening space in between

regional transport needs and available transport funding.