SunEdison Inc. closed financing and broke ground on the 156 MW Comanche Solar project for Public Service Co. of Colorado, a subsidiary of Xcel Energy. Although the scale of the project makes it big news, it is also notable for its use of a new type of financing vehicle. Comanche Solar is the first project to receive financing through SunEdison's $1.5 billion First Reserve warehouse facility. The financial vehicle is an example of how project financing is evolving to meet the needs of investors and developers alike.
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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.
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SolyMoly, the one-stop shop for the solar curious, announced its nationwide deployment. SolyMoly is designed to guide homeowners through the often-confusing process of making the switch to solar energy. Unlike competing services, which automatically map the entire surface area of a roof, SolyMoly is fully customizable, allowing homeowners to specify which area of the rooftop they would like to consider for solar panel installation. This level of sophistication provides homeowners with more accurate reports on potential energy bill savings and environmental impact.
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.
The Obama administration on Monday announced a slew of small measures designed to encourage the use of solar power hours before President Obama was scheduled to fly to Nevada to speak at the National Clean Energy Summit there.
President Announces New Policies to Remove Barriers to Clean Energy Drawing Strong Support from Solar Industry
In response to the President's planned remarks to expand markets for solar energy and energy efficiency in Las Vegas tonight at Sen. Harry Reid's Clean Energy Summit, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA) released the following statement:
WASHINGTON, DC - Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement today in support of efforts by U.S. Trade Representative Michael Froman to eliminate tariffs on environmental goods:
WASHINGTON, DC – Did you know that solar energy in the United States is now generating enough electricity to power 2 million American homes, including the White House? Or that the payback on installing a home heating and cooling system (SHC) can be as little as four years? Would you be surprised to learn leading blue chip companies like Walmart, Apple, Costco, Kohl’s and IKEA are saving big bucks by installing rooftop solar? Or that just one utility-scale solar facility can power 170,000 homes?
WASHINGTON, DC – Saying “solar makes sense,” leading businesses and environmental groups will join hundreds of thousands of people across the United States and around the world in support of the Solar Energy Industries Association’s (SEIA) National “Shout Out For Solar” Day – set for Friday and taking place on Facebook, Twitter and other social media platforms.
Supported by both business and environmental groups, hundreds of thousands of people from across the United States and around the world are expected to take part in the Solar Energy Industries Association’s (SEIA) National “Shout Out For Solar” Day – set for Friday, January 24, and taking place on Facebook, Twitter and other social media venues.
Another major solar energy company is entering the New Hampshire market, bringing with it the promise of new jobs and cheaper electricity.
IKEA, which had sales of 30 billion euros last year, wants to generate all the energy used in its shops and factories from clean sources by 2020. To that end, it will invest 600 million euros on wind and solar power installations, adding to 1.5 billion invested since 2009. It has already signed up to own and operate 314 wind turbines and has 700,000 solar panels on its roofs.
If you’ve been noticing more solar panels lately, you’re onto something. While only one in 100 houses has them, that’s 46 times as many as a decade ago. Some of that fast growth is due to a federal tax credit that is worth 30 percent of installation costs. According to the Solar Energy Industries Association (SEIA), there were more than 180,000 solar-related residential installations in 2014, and more than 50 percent growth over the year before. In addition, new financing options are making it easier for homeowners to also become solar panel owners.
A solar system is turned on every 2.5 minutes in America. The standardization of solar permitting is poised to be one of the solar industry’s next big breaks, writes Andrew Savage, chief strategy officer of AllEarth Renewables and member of the Solar Energy Industries Association (SEIA) Board of Directors.
NEXTracker, the Fremont, California-based supplier of tracker technology, has completed an 82 MW commission for solar power development company SunEdison in the Central American nation of Honduras.