Kilowatt Financial, a clean energy consumer finance company, has closed a $200 million debt warehouse facility with Citi to finance residential solar power systems.
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The largest solar panel installer in Arizona, SolarCity will relocate at least 85 of 900 Arizona workers out of state. The company cited recently approved increases on solar fees by Salt River Project as a reason for the personnel shift.
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.
Hannah Solar and the U.S. Navy partner with Mississippi Power to help develop largest utility-scale solar projects in the state
Mississippi Power announced they are partnering with Hannah Solar, Strata Solar, and the U.S. Navy to build solar systems at two different locations in the company’s service territory. These projects would represent the largest solar installations in Mississippi with a combined total of approximately 53 megawatts.
Cutting costs has been the key to solar’s rapid expansion this decade. The lion’s share of cost reductions in the solar industry has come from reductions in module prices. The U.S. $4 per watt you’d have paid in 2006 for modules alone gets you the entire residential solar system installed today, writes Andrew Savage, chief strategy officer of AllEarth Renewables and board member of the Solar Energy Industries Association (SEIA).
WASHINGTON, D.C. - Solar Energy Industries Association® (SEIA®) President and CEO Rhone Resch released the following statement in reaction to today's announcement that solar manufacturer Abound Solar is suspending operations and filing for bankruptcy protection:
WASHINGTON, D.C. - As Texas braces for predicted tighter electricity reserves and higher electricity rates in the state this summer, a new report shows that adding solar capacity to the Texas electricity grid would result in lower wholesale electricity prices for Texas customers.
WASHINGTON, D.C. – The Solar Energy Industries Association (SEIA) announced today it has elected the following chair and vice-chair to serve on SEIA's Board of Directors Executive Committee: Chairman Arno Harris, CEO of Recurrent Energy; and Vice-Chairwoman Patricia Nugent, Director of Policy and Business Development for Dow Solar.
Report: US Solar Installations Continue to Surge in Q1 2012, but Domestic Manufacturing Woes Continue
The U.S. Solar Market Insight: Q1 2012, a report to be released tomorrow by GTM Research and the Solar Energy Industries Association (SEIA®), finds that growth in solar photovoltaics (PV) markets in the U.S. is maintaining its breakneck pace from 2011.
Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement today in response to reports that China’s Ministry of Commerce (MOFCOM) has preliminarily determined that six state-level U.S. renewable energy programs violate global trade rules.
The new offering combines the advantages of Enphase’s intelligent microinverter technology with a comprehensive set of services and partnerships to assist the owner and installer of a commercial solar project from concept through implementation and eventually to maintenance—providing low-cost solar energy and long-term reliability.
PosiGen has grown quickly, employing 165 workers and installing more than 4,000 systems total. It expanded to New York and Connecticut this year, adding to its offices in the New Orleans area, Baton Rouge, Houma and Shreveport. On Sept. 15, PosiGen announced more than $40 million in financing to help fund its expansion plans in Louisiana and nationwide.
Arizona Forward Presents Top Environmental Award to Solana Generating Station, World’s Largest Solar Plant of its Kind
The Solana Generating Station has earned the coveted President’s Award (Best of Show) in Arizona Forward’s 34th Annual Environmental Excellence Awards, held in partnership with SRP. Abengoa Solar and APS also won the Governor’s Award for Energy and Technological Innovation.
Vivint Solar, the rooftop power producer owned by Blackstone Group LP, is seeking to raise as much as $371 million from its initial public offering.
Vivint Solar plans to offer 20.6 million shares at $16 to $18 each, according to a filing today with the U.S. Securities and Exchange Commission. Goldman Sachs Group Inc., Bank of America Corp. and Credit Suisse Group AG are leading the deal.
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.