The closing of the doors last week at a mid-Atlantic states solar installer highlights the uncertainty of the photovoltaic market and brings to the fore the vagrancies of renewable energy credits (RECs) and in particular solar renewable energy credits (SRECs). (more…)
The solar energy industry has been a hot topic of late. Now that global warming is widely recognized to be a very serious environmental issue, many people believe that solar power will be a big part of the solution. Solar panel installations around the world have already been growing at a rapid pace and that trend is expected to continue in the foreseeable future. Governments around the world have instituted a variety of policies, including feed in tariffs, in order to support solar energy growth, and companies continue to invest billions of dollars in more efficient solar PV and thermal technologies. Solar electricity provides a number of benefits that other clean technologies simply cannot claim, and it is becoming increasingly likely that we will depend on solar energy for our future electricity needs.
Chinese company Trina Solar Ltd. announced financial results for 2013 today. The company shipped 2.58 GW of PV modules in 2013 compared to 1.59 GW in 2012. The company also saw net revenues increase 36.9% from 2012 to $1.77 billion. Gross profits also increased to $218.2 million, an increase of 281.2% from 2012. Year over year increases (more…)
Investment in solar projects in the United States has largely been the purview of large financial institutions with the tax appetite to utilize the investment tax credit, thus favoring larger solar projects. Now, with innovative financing structures, high net-worth individuals can (more…)
Vote Solar has intervened in a regulatory proceeding in Colorado to make sure that owners of solar systems get fair credit for their generation. We were concerned that the utility, Public Service Company of Colorado, and Xcel company, would use the proceeding to try to (more…)
Yesterday, the utility trade association EEI and NRDC released a Joint Statement to State Utility Regulators that has created some attention for being a purported “kumbaya” moment in the debate around rates and net metering in our increasingly solar powered electricity landscape. While we appreciate efforts to move the debate forward, it’s (more…)
California is moving closer and closer to a clean energy program that will give renters and others a chance to go solar for the first time. Last year, state lawmakers passed SB 43, which requires California’s three big investor-owned utilities – PG&E, SCE, and SDG&E – to develop new shared renewables programs totaling up to 600 megawatts (MW). These (more…)
Earlier this week, the Colorado Public Utilities Commission (PUC) invited the public to comment on Xcel’s proposal to rollback net metering. And boy did the public respond! Almost 100 solar supporters showed up, filling both PUC hearing rooms and over-flowing into the halls. The crowd was a diverse mix – ranchers, teachers, moms – but the (more…)