Sam Pothecary
USD 300 million partnership between SolarCity and Credit Suisse
The Swiss financer has agreed to a new fund with SolarCity to finance USD 300 million in residential solar projects across the U.S., as SolarCity continues to develop influential partnerships ahead of its proposed merger with Tesla.
IEA set to raise solar forecast
The International Energy Agency (IEA) is due to release its annual report in a couple of weeks, and the agency has said that it will be “significantly” raising its outlook for solar and wind installations, as more countries have been adopting climate change policies.
Sonnen receives further $85 million investment
The German company announced that it has secured USD 85 million in growth capital, some of which came from two new partners, which will help the company consolidate its healthy position further in the booming energy storage market.
Canadian PM Trudeau proposes significant prices to be put on carbon emissions
Prime Minister Justin Trudeau set out a plan to put a CAD 10 (USD 7.6) per tonne price on all carbon pollution by 2018, which would then rise to CAD 50 per tonne by 2022, as he shows a stern resolve to tackle climate change head on, while stimulating the Canadian economy at the same time.
Google solar project wins UN climate solutions award
Project Sunroof, an initiative led by Google, has been announced as one of 13 winners of the United Nations ‘Momentum for Change’ climate change award, by enabling tens of millions of Americans to evaluate the solar potential of their home with just the click of a button, showing them both monetary savings and environmental impact.
200 MW Tranquility solar project begins operation in California
The huge utility-scale site was developed by Canadian Solar subsidiary Recurrent Energy and is majority owned by U.S. utility Southern Power, representing a rare new PV development of this scale in the U.S. as the trend shifts away from such large solar constructions.
Largest solar plant in the Caribbean connected to the Puerto Rican grid
The energization of the 45 MW plant was done by Oriana Energy, a subsidiary of French-based solar power producer Sonnedix Group, in partnership with Yarotek, who have now completed two PV projects in Puerto Rico in quick succession.
JinkoSolar enters module supply agreement with Con Edison
The Chinese PV heavyweight has signed the Master Module Supply Agreement with Consolidated Edison Development for around 560 MW of modules in the U.S., as it continues to make headway in the region.
North Carolina now ranked second in U.S. for installed solar
The southeastern state installed approximately 115 MW in the second quarter of the year to leapfrog Arizona and become the state with the second most installed PV capacity across the United States.
Powin Energy developing a 2 MW energy storage unit in California
U.S. manufacturer and developer of energy storage systems Powin Energy has been selected to complete a 2 MW/8 MWh energy storage system that should be operational in Irvine, California, by the end of the year to help alleviate power loss concerns.
