SunPower had a ‘solid’ Q1, finds hope for May and June after a difficult April
It’s solar earnings season and there’s a clear, non-surprising theme: The first quarter was strong and largely unimpacted by the pandemic, but the second quarter and 2020 as a whole is uncertain.
Morning Brief: Financing for a 200 MW project, EDP agrees to a power contract
Also in the brief: solar on schools in Virginia and a Hawaiian microgrid.
Solar canopies can put PV panels in some new and interesting places
A major advantage of this design is the ability to string cables over a longer distance without the support needed in traditional racking approaches.
SolarEdge reports record revenue, yet Covid looms over residential PV for the next two quarters
Even though the U.S. market is showing some signs of stabilizing, the decline in installation rates in April alone was 33%.
Pollinator-friendly solar: a feel-good way to make projects cleaner and greener
Opposition to solar project siting can be turned into broad support by designing projects with “pollinator-friendly” landscaping — a trend gaining momentum across the country.
SEIA calls for strengthening PURPA
About 9.3 GW of solar projects have come online thanks to the law known as PURPA. The national solar association argues that federal rules implementing PURPA “should be strengthened rather than weakened,” to ensure that solar facilities up to 80 MW may compete in every region of the country.
Enphase PV microinverters shine in Q1, share price is up 15%
Enphase Energy’s Q1 revenue exceeded expectations as the company set an all-time gross margin record and announced plans for a new manufacturing location. Enphase stock is up 15%
Morning Brief: solar is ‘essential’ in New Jersey, renewables generated more electricity than coal in April
Also in the brief: Elon Musk on cusp of a $730 million award, the 16 Camilla Solar Plant has reached commercial operation, a project approved in Maine and more.
The world added .115 terawatts of solar power in 2019 for a cumulative .629 terawatts
IEA PVPS report: Global solar demand increased by 12% in 2019 compared to 2018 — but that was BC. According to the report, photovoltaics provided just under 3% of global electricity needs in 2019.
Despite solar woes, Tesla turned its first-ever profitable Q1
Tesla finished Q1 2020 with a positive GAAP net income, driven by the profitability of the Model Y. However, the story was not so bright for solar, storage or corporate governance.
