New Jersey Governor Chris Christie (R) today signed legislation into law that allows the state's solar energy market to continue growing and creating good jobs in N.J. over the next several years. The legislation, S1925/A2966, addresses the current imbalance of Solar Renewable Energy Credits (SRECs), which created uncertainty in the market for project developers and end users.
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This legislation addresses the current oversupply of N.J. solar renewable energy credits (SRECs), brings stability back to the N.J. solar market, and keeps the N.J. solar industry growing over the next several years.
WASHINGTON - Following news reports about the closure of the Amonix solar manufacturing plant in Nevada, Rhone Resch, president and CEO of the Solar Energy Industries Association ® (SEIA®), released the following statement.
WASHINGTON - Today, the U.S. House Committee on Energy and Commerce Oversight and Investigations Subcommittee and the Energy and Power Subcommittee held a legislative hearing on the discussion draft of the No More Solyndras Act. Rhone Resch, President and CEO of the Solar Energy Industries Association® (SEIA®), issued the following statement on the discussion draft:
Report: US Solar Installations Continue to Surge in Q1 2012, but Domestic Manufacturing Woes Continue
The U.S. Solar Market Insight: Q1 2012, a report to be released tomorrow by GTM Research and the Solar Energy Industries Association (SEIA®), finds that growth in solar photovoltaics (PV) markets in the U.S. is maintaining its breakneck pace from 2011.
Univ. of Tennessee Baker Center study shows solar energy following similar growth path to mainstream usage as traditional energy sources, supported by smart federal policies similar to those that subsidize coal, oil, natural gas, and nuclear energy.
WASHINGTON - Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement today in response to news that First Solar (NASDAQ: FSLR) is restructuring its operations to reflect market conditions. The restructuring includes scaling back manufacturing operations in Europe and Malaysia and reducing its global workforce by 2,000 employees, including about 120 employees in the U.S.:
The U.S. solar energy industry installed a record 1,855 megawatts (MW) of photovoltaic (PV) capacity in 2011, more than doubling the previous annual record of 887 MW set in 2010, according to the latest U.S. Solar Market Insight report. The record amount of solar installations is enough to power more than 370,000 homes, and represents a 109 percent growth rate in 2011.
Rhone Resch, president and CEO of the Solar Energy Industries Association, released the following statement today in reaction to a congressional compromise bill that extends the payroll tax cut and unemployment benefits through the end of the year, but does not address tax extenders such as the 1603 Treasury program.
President Obama's Fiscal Year (FY) 2013 budget, released today, provides for an extension of the Section 1603 Treasury Program. Extension of this worthwhile program will allow taxpayers to reap the significant economic and energy policy benefits associated with the expanded deployment and use of solar energy.