Canadian Solar Inc. (CSIQ), the third-best performing solar panel maker in the past year, and the investment arm of China’s Sichuan province will create a 5 billion yuan ($810 million) fund to build solar projects. Sichuan Development Holding Co., Canadian Solar and third party investors will raise the funding, Guelph, Ontario-based Canadian Solar said today in a statement.
You are here
SEIA is the solar energy industry’s go-to source for the latest coverage on solar power, including U.S. and international policy, research and polls, business and financing trends, and more. Our staff strives to support the media covering solar energy issues and guide our members on effective media outreach with clear statements, background materials, news and multimedia resources.
SEIA is committed to informing policymakers, the media, and the American public about the benefits of solar energy for today’s communities, our economy, and our country.
Learn more from our statements and industry news below.
Construction has begun on a $1 billion solar power generating station in the Mojave Desert that officials say will produce enough electricity to power about 80,000 California homes when it is completed in 2016. Executives with Arizona-based First Solar and Florida-based NextEra Energy Resources put the cost of the 250-megawatt project, dubbed Silver State South, at $1 billion during a Wednesday ceremony with federal Bureau of Land Management chief Neil Kornze.
The United States’ solar market hit a major milestone in the second quarter of this year, with more than half a million homes and businesses now generating solar energy. According to GTM Research and the Solar Energy Industries Association’s (SEIA) Q2 2014 U.S. Solar Market Insight Report, the U.S. installed 1,133 megawatts (MW) of solar photovoltaics (PV) in the second quarter of this year.
On October 20 and 21, Solar Power International, the solar industry’s most powerful, comprehensive educational conference and product exhibition, will offer its first-ever dedicated symposium on the solar heating and cooling (SHC) sector.
REG-Scatec Solar and Norfund Sign Partnership Agreement to Develop and Invest in Solar Power Projects in Developing Countries
Scatec Solar, the integrated independent solar power producer, has signed a partnership agreement with Norfund, the Norwegian Investment Fund for Developing Countries, to jointly invest in solar power projects to be developed in all countries within Norfund's mandate.
Clean energy investment in Nevada has accelerated rapidly in the past five years thanks to Nevada’s widespread leadership and support for the clean energy economic sector, reaching at least $5.5 billion just since 2010, according to a new report available at cleanenergyprojectnv.org.
Saying it will help to create jobs and expand the use of clean, renewable energy in Massachusetts, the Solar Energy Industries Association (SEIA), along with its Solar Heating and Cooling Alliance (SHC), are urging the State Senate to adopt S. 1970, allowing renewable thermal technologies to qualify for the Alternative Portfolio Standard and provide a credit that incentivizes renewable thermal technologies.
Saying it will benefit Massachusetts consumers by improving access to net metering, the Solar Energy Industries Association (SEIA) today announced its support for legislation in both the State Senate and State House of Representatives, which will allow public and private distributed generation (DG) solar projects to continue, while preserving and expanding jobs in clean, reliable solar energy across the state.
Calling it “a huge step backward,” Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), said President Obama’s 2015 fiscal year budget, which was unveiled today, would severely damage the U.S. solar industry by eliminating the Investment Tax Credit (ITC) and replacing it with a refundable Production Tax Credit (PTC) at the end of 2016.
Continuing its explosive growth, the U.S. solar industry had a record-shattering year in 2013.
Recurrent Energy is to build 150MW of grid-competitive solar in Texas.
The company has arranged a 20-year power purchase agreement (PPA) with Austin Energy. It will feed into the unregulated Electric Reliability Council of Texas (ERCOT) grid, which supplies 75% of the state.
A manufacturer of renewable energy equipment has found a formula to get its employees to save energy: a $6,000 annual bonus, offset with a carbon tax.
David Blittersdorf, CEO at AllEarth Renewables, said he has long tried to walk the talk as a maker of renewable energy equipment. In 2011, he proposed a car tax on his 31 employees, but some balked and helped brainstorm another solution.
Solar energy installer SolarCity has announced it is now taking orders for installations in the US state of Nevada.
The company said free solar panel installations are now available in Las Vegas, offering solar electricity for less than US$30 a month.
SolarCity claimed this is less than utility prices and home owners can access to its design and installation services as well as financing and insurance with monitoring and a performance guarantee.
General Electric Co. (GE) is investing $24 million in India’s largest solar-power plant, drawn by what it called the technology’s “incredible potential” in the nation.
The investment by GE’s financial services unit in Welspun Energy Ltd.’s 151-megawatt photovoltaic plant is the U.S. company’s first in the local solar industry. GE said this week that it plans to invest more than $1 billion a year globally in renewable projects that promise “very significant returns.”
Solar Power World
A map highlighting the Solar Energy Industries Association’s top solar states by capacity seems to forget the middle of the country. But it’s true: The Midwest trails other parts of the country largely because the region didn’t keep moving forward with solar policy. Instead, policy became stagnant or even regressive. There is a bright spot, however: Minnesota is lighting the path for solar in the Midwest.