The largest utility company in the Sunshine State, Florida Power & Light Company (FPL), has revealed that 3 of the solar photovoltaic (PV) projects that the company is currently having developed in the state are on track to be completed in 2016. Once completed, these 3 projects will effectively triple the firm’s current solar energy capacity. […]
While only 4 megawatts (MW) of solar photovoltaic (PV) + energy storage capacity was deployed in the US in 2014, significant change is coming to the sector, according to GTM Research. Altogether, less than 0.1% of all solar PV installations in 2014 were accompanied by energy storage systems. Amazingly, this is actually a decrease in installation […]
The Colorado-based solar energy project developer AES Distributed Energy has revealed that it will be securitizing a portfolio of solar energy assets for a total of $100 million, according to recent reports. The notes will be secured with the revenue from around 1,548 US solar energy installations. The deal marks the sixth major solar securitization […]
The Norwegian company REC Group is now the third-biggest solar photovoltaic (PV) module supplier in the US residential market, according to recent reports. This follows a 5-fold increase in market share over the last year — following the imposition in the US of duties on Chinese solar PV providers. The company is reportedly expecting that […]
SolarCity’s goals for the Silevo solar module manufacturing facility under development in Buffalo, New York, are certainly not unambitious ones — based on the company’s recent SEC filing detailing the achievements needed via its performance-based compensation plan to vest tranches of shares. Amongst these achievements, is the meeting of production costs of just 50¢/watt for […]
The 180-megawatt solar photovoltaic (PV) manufacturing facility in Valinhos, São Paulo — now the largest such facility in the whole of Brazil — was recently inaugurated in a service put on by Globo Brazil. With the completion of the quite large PV manufacturing facility, the country’s domestic solar PV project market should get a boost. With […]
The Canadian company Silfab Solar is reportedly now aiming to add 50 new jobs in 2016, bringing the number of employees added in 2015–2016 up to 80, according to recent reports. In addition to the decision to add a further 50 employees, the company also reportedly has revealed that it intends to begin offering a […]
The state of California has achieved a new electricity generation peak record for utility-scale solar energy, according to recent reports. The new record of 6.391 gigawatts (alternating current, not direct current) was achieved on August 20, 2015, according to California’s grid operator. This figure refers to both utility-scale solar photovoltaic (PV) projects and concentrating solar […]
The current renewable energy auction (First Energy Reserve Auction), which took place yesterday, August 28, 2015, was a crowded one. It included the competition of more than 11.26 gigawatts (GW) of potential capacity, via 341 different projects. This followed the approval of this large number of applicants by the Brazilian authorities. As noted by the Brazilian government’s Energy Research […]
Solar energy generation surged by around 153% over the last year in the UK, based on the most recent figures from the analyst company EnAppSys — with average daily electricity generation being around 1.37 gigawatts (GW) during the second quarter of 2015. The new report also notes that, while solar photovoltaic (PV) generation accounts for […]