Nautilus Solar Energy, LLC, led by CEO Jim Rice and President Laura Stern, announced an investment and partnership in the company by Virgo Investment Group, L.P.
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Hannah Solar is teaming up with Sonnenbatterie Inc. to address the growing demand for residential solar coupled with an energy storage solution.
Circular Energy launched its innovative solar power buyback program, which helps customers maximize overall return on investment in their distributed solar energy system.
Every week, The SEIA Solar Update includes top news stories covering the solar industry, major upcoming events, policy updates, and much more. This newsletter is open to SEIA Members and to the general public.
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.
A new independent study prepared for the Nevada Public Utilities Commission estimates that the grid benefits of rooftop solar systems installed in the state through 2016 will outweigh costs by more than $36 million, confirming that solar energy can provide real savings for both solar and non-solar customers alike.
Tom Kimbis, Vice President of Executive Affairs for the Solar Energy Industries Association, noted, “Companies like Costco and GM and Wal-Mart are adding solar at unbelievable rates.”
Vivint announced plans last week to expand its operations in Utah. The company was born here and continues to base its headquarters in its home state.
The company’s entire module production will be running at an average efficiency of 16.2 percent by the end of the year.
Sunrun Inc. priced its initial public offering at $14 a share late Tuesday, in line with expectations, according to people familiar with the deal.
As SolarCity looks to expand internationally, it’s facing increased competition and consolidation in its home market.