About half the loan guarantees announced Thursday are designated for FLS Energy in Asheville, which is developing more than 40 megawatts of solar energy at numerous facilities in the state.
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If Messrs. Musk and Rive can achieve their shared vision, the result will be a transformation of the world's, or at least America's, energy infrastructure. The companies the two men run— Tesla Motors Inc. and solar energy system provider SolarCity Corp. —are uniquely compatible.
WASHINGTON, DC – In a report card deserving of the honor roll, a comprehensive, first-of-its-kind new study released today says America’s K-12 schools have shown explosive growth in their use of solar energy over the last decade, soaring from 303 kilowatts (kW) of installed capacity to 457,000 kW, while reducing carbon emissions by 442,799 metric tons annually – the equivalent of saving 50 million gallons of gasoline a year or taking nearly 100,000 cars off U.S. highways.
The average cost of going solar in the United States continued its rapid decline in 2013 and the first half of 2014, according to a new study from the Department of Energy’s Lawrence Berkeley National Laboratory. Two leading solar advocacy groups, the Solar Energy Industries Association (SEIA) and Vote Solar, applaud the report findings as the latest indicator that affordable solar energy is ready to power our new energy economy.
Today, the National Hockey League (NHL) released a new sustainability report, saying, in part, “We believe it’s important to invest in clean, renewable energy sources, such as wind, solar and hydro in North America. Supporting clean energy will help achieve long-term benefits for our business, such as price stability.”
A new report issued today by the Energy Information Administration (EIA) predicts that most new electric generation capacity in the United States through 2040 will come from natural gas and renewable energy. Of the 83 gigawatts (GW) of renewable capacity additions being forecast, nearly half is expected to come from photovoltaic (PV) systems. After reviewing the report, Rhone Resch, president and CEO of the Solar Industries Association (SEIA), released the following statement:
In a significant ruling handed down today, a panel of judges at the World Trade Organization (WTO) accused the United States of violating global trade rules when it imposed punitive import duties in 2012 on many Chinese products, including solar panels. After the decision was announced, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), issued the following statement:
In a setback to the regulated utility model, the Iowa Supreme Court has ruled that a power purchase agreement (PPA) between the city of Dubuque and Eagle Point Solar does not violate state law. Regulated utility companies had fought the arrangement, claiming to have exclusive rights to sell to customers in their service areas. Today, Iowa’s high court disagreed.
Following the success of PV America last month in Boston, the Solar Energy Industries Association (SEIA) has announced a new, regional trade show. Solar Power Mid-Atlantic, co-sponsored by SEIA and the Solar Electric Power Association (SEPA) will take place in Atlantic City, New Jersey on Sept. 9 and 10, 2014 and will showcase 25 exhibitors along with a day and a half of educational programming.
The era of Big Solar has arrived, and at the moment there are none bigger than Ivanpah. Now, Ivanpah records another milestone: The first renewable plant to receive POWER’s Plant of the Year Award. Comprising three self-contained units with a total capacity of 392 MW (377 MW net), Ivanpah is a joint effort between BrightSource Energy, NRG Energy (through its subsidiary NRG Renew, formerly NRG Solar), Google, and Bechtel.
GM’s director of sustainability asks how we can frame up the needs and challenges for NGOs and corporate buyers, to ultimately make renewables more affordable for all companies
The 135-MW Quinto Solar Project, a solar photovoltaic (PV) plant under construction in California’s Central Valley, officially broke ground on July 29.
San Jose–based SunPower Corp. is building the plant in Los Banos, and will sell power from the facility to Southern California Edison under a 20-year power purchase agreement. The project is due for completion in late 2015.
SolarCity Corp. (SCTY), the first U.S. company to offer bonds backed by rooftop solar panels, raised $201.5 million in its third debt offering in eight months.
The senior notes were sold at an interest rate of 4.03 percent and were rated BBB+ by Standard & Poor’s, the third-lowest investment grade. The junior notes were sold at an interest rate of 5.45 percent and were rated BB, which is not investment grade. Both tranches mature in July 2022.