Tomorrow, GTM Research and the Solar Energy Industries Association (SEIA) will release their “US Solar Market Insight: Q1 2012” report, which has found that the US solar industry continues to expand at the rapid pace that was seen in 2011. During Q1, the US installed 506MW, more than any other Q1 on record. The stellar growth seen over the first three months of the year is attributed to the strong expansion in the commercial market segment.
SolarCity and US Bancorp have announced a US$250 million fund to finance residential and commercial PV projects. The renewable energy tax equity fund is intended for homeowners as well as businesses, administrative, school and county buildings. The fund will be used to finance the solar panels and installations, while customers pay a discounted amount for the electricity. In the three years that SolarCity and US Bancorp have been collaborating, this is the sixth and largest fund, designed to make PV systems more accessible and affordable.
Energy Finance Company (EFC), using the Funding Solar Energy (FUSE) fund, activated its 625kW solar installation in San Antonio, Texas early last month. The rooftop project is located on a warehouse complex and uses over 2,700 solar panels. It will sell 100% of the power produced to CPS Energy under a 20-year PPA and is expected to generate nearly one million kWh of electricity in its first year of operation.
The inevitable fall-out from last month’s US Dept. of Commerce ruling against the import of Chinese solar products is now measurable in numbers, as the Coalition for American Solar Manufacturing (CASM) has revealed details of import figures for April. With US Customs and Border protection closely monitoring all imports to prevent companies dodging the anti-subsidy duties, imports in April came to US$70.7 million, down 66% compared to the previous month’s US$206 million.
Solectria Renewables has announced that a 1MW PV installation equipped with its inverters has been commissioned by the Santa Barbara Board of Supervisors to provide energy to the Calle Real Campus. The installation is further equipped with 4,500 SolarWorld modules. EPC services provider Endelos Energy and the Santa Barbara County agreed to only use American-made products for the PV array.
Q-Cells has selected Satcon to provide 30MW of its Equinox Prism Platform solutions to two Californian PV projects, the company has announced. The sites are owned and operated by Californian utilities.
With a new marketing communications, public relations and advertising expert, it could be assumed that Sarasota-based Sunovia Energy Technologies could be taking steps to rebrand itself. Jon Di Gesu has been appointed head of marketing and will direct the company’s branding and positioning efforts to support its growing global sales force and customer base.
Flexible CIGS module manufacturer Global Solar Energy has initiated the steps to attract new investment, enlisting the services of FTI Capital Advisors to investigate new investor participation that could see the partial or complete takeover of the company.
CNPV Solar Power executives were on hand, May 2, at Enel Green Power’s inauguration ceremony for its solar geothermal hybrid project in Stillwater, Nevada. CNPV supplied its PV modules for the project, which has 33MW of geothermal capacity and 26MW of solar capacity. Initiated and owned by Enel Green Power, the project is said to be the world’s first and only geothermal hybrid project.
Tucson Electric Power (TEP) was awarded the 2012 Investor Owned Utility (IOU) of the Year by the Solar Electric Power Association (SEPA) this week for its leadership and investment in solar energy. TEP has over 45MW of solar generating capacity and expects to have more than 240MW of solar generating capacity by the end of 2014.
