Calling it a win for both the economy and the environment, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), today applauded a decision by the University of California to significantly expand its use of solar energy. As part of an ambitious plan to become carbon-neutral by 2025, university officials this week signed an agreement to purchase the electricity generated by 80 megawatts (MW) of solar – approximately 200,000 MW hours annually.
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Solar energy company SolarCity Corp. is planning to add a Baltimore-area location by the end of the year. SolarCity (NASDAQ: SCTY) announced the area location as part of an effort to open 20 new operations centers in seven states. The wave includes one other planned Maryland location, in Clarksburg.
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.
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.
Information on the size, ranking and jobs of the U.S. solar industry
WASHINGTON, DC – Building on the progress of the White House’s Climate Action Plan, the Department of Energy (DOE) announced last week that it would make an additional $4 billion worth of loan guarantees available for renewable energy and energy efficient projects. Reacting to the news, Solar Energy Industries Association President and CEO Rhone Resch issued the following statement:
Saying it would create jobs and spur investment in Illinois, the Solar Energy Industries Association (SEIA) today applauded the signing of House Bill 2427, which puts $30 million towards purchasing solar power to meet a portion of the state's electric power needs.
Massachusetts Governor Deval Patrick will give the keynote address Monday at 4 p.m. during the general session of PV America 2014.
California Gov. Jerry Brown signed a comprehensive state budget today, which included a provision that extends the existing solar property tax exclusion until January 1, 2025. Afterward, Solar Energy Industries Association (SEIA) president and CEO Rhone Resch released the following statement:
Teaming up with more than 30 leading environmental and energy groups, the Solar Energy Industries Association (SEIA) today announced its participation in the National #PutSolarOnIt Day of Action this Saturday.
SolarCity Corp. (SCTY), the first U.S. company to offer bonds backed by rooftop solar panels, raised $201.5 million in its third debt offering in eight months.
The senior notes were sold at an interest rate of 4.03 percent and were rated BBB+ by Standard & Poor’s, the third-lowest investment grade. The junior notes were sold at an interest rate of 5.45 percent and were rated BB, which is not investment grade. Both tranches mature in July 2022.
PV energy provider, SunEdison, has acquired a 156MW solar power plant in the US state of Colorado.
Minnehaha County officials say they've been approached by a developer seeking to build a large-scale solar power project near Sioux Falls.
Taiwanese solar stocks led by Motech Industries Inc. (6244) fell after the U.S. proposed expanded penalties on solar-energy imports in a victory for the U.S. unit of SolarWorld (SWVK) AG, which accused China of shifting production to Taiwan after it lost an earlier case.
Motech, Taiwan’s biggest solar-cell producer, slumped 6.9 percent to close at NT$44.40, the biggest one-day drop since May 21, 2013. Gintech Energy Corp. (3514), E-Ton Solar Tech Co. (3452) and Neo Solar Power Corp. (3576) also tumbled.