State Sen. Carlos Uresti Appears in Court for Wire Fraud, Bribery Charges

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May 182017
 

Uresti and his two co-defendants in the fracking case, former FourWinds CEO Stanley Bates … Watts was indicted on charges he made up fake clients in lawsuits against BP following the 2010 Gulf of Mexico oil spill. He was acquitted last August.
gulf fracking – read more

Demand Charges Dropped From Illinois Energy Bill

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Nov 242016
 

illinois flag

Originally published on SolarWakeup. By Yann Brandt Senate Bill 2814, introduced during the regular session, came back during the latest special session with a new amendment, House Amendment 2. This amendment had multiple objectives but the primary one is a mechanism to keep two nuclear power plants in operation. The two plants, Clinton Power and [&hellip

Demand Charges Dropped From Illinois Energy Bill was originally published on CleanTechnica.

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Even stiff fines no substitute for criminal charges in illegal dumping of fracking waste

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Nov 172016
 

Anyone thinking of illegally using Kentucky to dump radioactive fracking waste from other states will no doubt reconsider in light of fines announced this week by the Bevin administration. The state is seeking $ 5.3 million in penalties against the …
fracking wastewater – BingNews

Whoa, why no criminal charges in dumping of radioactive fracking waste?

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Jul 242016
 

Attorney General Andy Beshear’s decision not to pursue criminal charges in the illegal dumping of radioactive fracking sludge in a solid-waste landfill in Estill County is disappointing. Beshear did recommend pursuing civil damages and penalties “to …
fracking wastewater – BingNews

California Oil Spill: Plains All American Pipeline Faces Criminal Charges For Massive 2015 Crude Leak Near Santa Barbara

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May 182016
 

California prosecutors have filed criminal charges against the pipeline company responsible for the massive oil leak near Santa Barbara last year. A California grand jury indicted Plains All American Pipeline LP and one of its employees in connection with …
oil leak – BingNews

California methane gas leak leads to criminal charges

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Feb 092016
 

The utility has to drill down 8,500 feet to plug its source with concrete, and the drilling must proceed slowly, in part so it doesn’t puncture adjacent pipes and spring new leaks. The leak, at the Aliso Canyon natural gas storage facility outside Los …
drilling leak – read more

BP spill manslaughter charges dropped, one guilty of environmental crime

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Dec 032015
 

(Reuters) – Manslaughter charges were dropped against two former BP well site managers involved in the deadly 2010 Gulf of Mexico oil drilling disaster on Wednesday … to negligently causing the massive oil spill that resulted from the disaster,” Justice …
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BP engineer cleared of obstruction charges in US spill

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Nov 062015
 

A drilling engineer for British oil giant BP was cleared of obstructing justice during the 2010 Gulf of Mexico oil spill, his lawyers said Friday. Kurt Mix, who worked on efforts to stop oil from gushing out of BP’s runaway well, was found guilty in 2013 …
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SunPower Charges Solar Leasing Program With $42 Million

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Apr 072014
 


SunPower CEO

SunPower CEO Tom Werner. Screenshot from Bloomberg TV interview.

US manufacturer SunPower has secured $ 42 million that will be aimed at escalating its solar leasing program. The California-based company now has 20,000 American households signed up for solar leasing, a trend initially led by others that SunPower has jumped into.

This $ 42 financial investment comes from Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) in the form of “non-recourse debt.” Non-recourse debt, according to Wikipedia, “is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender/issuer can seize the collateral, but the lender’s recovery is limited to the collateral. Thus, non-recourse debt is typically limited to 50% or 60% loan-to-value ratios, so that the property itself provides ‘overcollateralization’ of the loan.”

The bottom line, however, is simply that SunPower sees solar leasing as a good continued business strategy.

“The SunPower Lease program offers our customers financing under highly competitive terms for their SunPower solar panels, the most efficient on the market today. When coupled with our unprecedented level of energy assurance, the SunPower Lease program delivers more value to the homeowner,” said SunPower CFO Chuck Boynton. “Among our portfolio of financing options, solar lease remains one of the more popular choices by consumers and our innovative partnership with Hannon Armstrong will allow us to further fund the program’s growth this year.”

California installed more solar power in 2013 than in the previous 30 years combined, and a lot of that was installed via solar leasing.

 

Read related stories:

What A Free Solar Site Evaluation Can Do For You

SunPower Launches Commercial Solar Panels With World Record Efficiency — X-Series

Solar Leasing vs $ 0-Down Solar Loan — Scenarios In 10 States

SunPower CEO & Chairman Talks About The Solar Leasing Boom (VIDEO)

Solar Leasing For Small Commercial Solar Projects

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SunPower Charges Solar Leasing Program With $ 42 Million was originally published on CleanTechnica. To read more from CleanTechnica, join over 50,000 other subscribers: Google+ | Email | Facebook | RSS | Twitter.


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Exxon Subsidiary Faces Criminal Charges over 2010 Fracking Waste Spill

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Jan 042014
 

Exxon Mobil Corp.’s subsidiary says that the criminal charges filed against it are unfounded. In a press release issued on September 10, 2013, shortly after Pennsylvania’s State Attorney accused the company of having violated several environmental laws …
fracking wastewater – read more