A new study released today by the Stanford Graduate School of Business predicts that the U.S. solar industry is “headed for a cliff” if the solar Investment Tax Credit (ITC) is not extended. Even though the report touts the solar industry’s “dramatic growth,” it called for a phase down of the ITC without any examination of the current and past tax treatments of established energy sources. Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), called that omission a “fatal flaw” which ignores how Congress has used the U.S. Tax Code over the past century to encourage the increased production of oil, gas, coal and even nuclear power, making it difficult for solar and other renewable energy sources to compete in the marketplace without incentives.
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The industry's lobbying arm, the Solar Energy Industries Association, is working overtime to keep the incentive — the investment tax credit, or ITC — on the books past 2016, when its current treatment ends.
SunPower Corporation announced that it plans to partner with Apple to build two solar power projects totaling 40 megawatts (MW) in ABA Tibetan and Qiang Autonomous Prefectures, Sichuan Province of the Peoples Republic of China (PRC). When complete, the two projects will be co-owned by Sichuan Shengtian New Energy Development Co., Ltd., SunPower's project development joint venture, and Apple.
U.S. solar energy leaders and representatives of top solar companies from an 8-state area will gather in Atlanta, GA, on May 7-8 at the Marriott Marquis for the inaugural Solar Power Southeast conference, co-sponsored by the Solar Energy Industries Association (SEIA) and the Solar Electric Power Association (SEPA).
A new report from As You Sow, a non-profit that promotes environmental and social corporate responsibility, released yesterday found that the global solar photovoltaic (PV) manufacturing industry is setting best practices for sustainable growth
The Solar Energy Industries Association (SEIA) today released a Solar Industry Commitment to Environmental and Social Responsibility (Solar Commitment), a document that promotes the implementation of environmental and social responsibility standards throughout the solar industry.
SEIA Calls on Governments and Industry Groups to Pursue Global Dialogue on Solar Trade and Competitiveness
The Solar Energy Industries Association (SEIA) today announced a new initiative to facilitate global and regional dialogues on trade and competitiveness and the role of government in encouraging development of the global solar energy industry.
The U.S. solar energy industry installed a record 1,855 megawatts (MW) of photovoltaic (PV) capacity in 2011, more than doubling the previous annual record of 887 MW set in 2010, according to the latest U.S. Solar Market Insight report. The record amount of solar installations is enough to power more than 370,000 homes, and represents a 109 percent growth rate in 2011.
Rhone Resch, president and CEO of the Solar Energy Industries Association, released the following statement in reaction to Senator Jeff Bingaman's (D-NM) proposal for a clean energy standard (CES).
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.
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.
Instead of using energy generated by coal-fired power plants, the solar farm will avoid about 2.1 million pounds of carbon pollution each year.
"Literally everybody benefits and I think in the long run even the utilities benefit because this just takes a bit out of their revenue stream,” said Barry Shear, President of Eagle Point Solar.
Solar energy start-ups that have taken root in the Washington region in recent years are maturing into bona fide businesses, buoyed in part by economic forces and government policies that have made renewable energy more attractive to consumers.
Standard Solar was founded in Maryland 10 years ago, and its first residential customer was the head of the Solar Energy Industries Association. It has since installed systems on nearly 1,200 more homes of individuals without existing ties to the industry.
JinkoSolar Power Co. Ltd. has signed project investment agreements with the government of Hengfeng County in the province of Jiangxi, China, to develop 100 MW of photovoltaic power projects.
Jinko Power will own the projects and will manage the project investment and engineering, procurement and construction activities. It will also provide operations and maintenance services upon completion.