Today, the California Public Utilities Commission passed on a vote of 5-0 a new rule regarding net metering, primarily to clarify calculation of the state’s five-percent net metering cap. Net metering allows customers to earn credit for excess solar electricity they produce that is distributed to other customers on the grid. The Solar Energy Industries Association (SEIA) worked with members and stakeholders as part of the Coalition for Solar Rights asking for CPUC review of the calculation of the cap that is expected to be reached as soon as early next year by some utilities.
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Solar backers and at least one member of the California Public Utilities Commission think there could be a lot more solar panels on roof tops around the state. The CPUC's Mike Peevey is asking regulators to change how utilities count the customers who sell power back into the grid, in a practice called "net metering."
Goldman Sachs Group Inc plans to channel investments totaling $40 billion over the next decade into renewable energy projects, an area the investment bank called one of the biggest profit opportunities since its economists got excited about emerging markets in 2001.
Today, Maryland Governor Martin O'Malley signed into law the Renewable Energy Portfolio Standard for Solar Energy and Solar Water Heating Systems bill (Senate Bill 791 and House Bill 1187), which accelerates the target date for achieving the state's renewable portfolio standard two-percent solar carve-out by two years and ensures the industry maintains positive, year over year job growth.
Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), the national trade association representing companies across the solar value chain, released the following statement in the wake of today's decision by the U.S. Department of Commerce to impose additional duties on solar cells and modules imported into the United States from China:
But let's not kid ourselves -- Solyndra is a sideshow to the real, incredibly exciting story of solar power over the course of this administration.
At a time when everyone agrees on the need to create jobs and stimulate the economy, an idea exists that would bring thousands of jobs to New York while also pumping billions of dollars into the local economy: a committed investment in solar power.
Beginning in July, Commonwealth Edison Co. customers will receive more power from the sun, thanks to a solar project under way in LaSalle County.
A consultant for the Defense Department reports that introducing solar installations on nine military bases in the Mojave and Colorado Desert could generate 7,000 megawatts of power.
New solar capacity around the world increased 54 percent to about 28 gigawatts last year driven by record installations in Germany and Italy, Bloomberg New Energy Finance data shows.