SunEdison forms $1bn fund to buy green assets

US renewable energy firm SunEdison has formed a $1 billion (£0.6bn) fund to buy operating assets. Called WSIP Warehouse, it will also be used for construction costs and managed by bank Goldman Sachs. TerraForm Power will own exclusive call rights of the renewable projects. Debt structuring will be led by Morgan Stanley, Bank of America […]

New US efficiency standards for lighting in warehouses

Businesses are expected to save billions of dollars on their energy bills by implementing new efficiency standards for lighting fixtures used in megastores, warehouses and parking lots. The US Government has finalised the standards for the so-called metal halide lamp fixtures, which over 30 years are expected to help save more than $1.1 billion (£0.67bn). […]

Japan invests ¥54bn in solar

Japan plans to invest around ¥54billion (£433million) on solar projects in the next three years, according to reports. Orix Corporation, a Japanese finance and leasing company, said the projects would have a total capacity of 200MW. Reports claim the company would invest around ¥30billion (£240million) to build solar power stations and a further ¥24billion (£192million) […]