Enphase to shed 18% of workforce in latest restructuring drive
SEC filing outlines proposed changes, described by company CEO Paul Nahi as “necessary to create path to sustained profitability”. Restructuring will cost estimated $2 million and follows announcement last year of staff losses.
Xcel commissions 62.25 MW Minnesota solar farm
The utility, one of the Midwest’s biggest, now owns the two largest solar project in the region, both located in the Land of 10,000 Lakes.
Spruce raises $445 million investment for 2017 projects
Spruce Finance, which provides consumer financing for residential solar and energy efficiency projects, has raised a total of $445 million in tax equity and project debt transactions to support its activities in 2017.
Berkeley Lab finds negligible potential rate impacts from distributed solar
The latest report from the respected national lab finds that even if – big if – behind-the-meter solar is raising the rates of other utility customers, the impacts are tiny, especially compared to other activities.
New Jersey reaches 2 GW of installed solar
With a strong market in 2016, New Jersey retains the fourth-largest installed capacity and the 2nd largest capacity of distributed generation in the United States.
Duke Energy connected 500 MW of solar in 2016
Just because the calendar turned to 2017, however, doesn’t mean the utility is planning to slow down its solar acquisition. It’s seeking to add at least 460 MW this year as well.
Renewable energy advocates slam utilities for slow progress under REV
Comments filed by AEEI and SolarCity on the Supplemental Distribution System Implementation Plan (DSIP) say utilities should do more to get ready for and assist with the integration of distributed renewables and storage, and AEEI says utilities should go back to the drawing board.
DOE report reveals solar now employs 374,000
In 2016, the industry maintained its status as the largest electricity-generation employer by a factor of two.
BNEF: Global solar investment fell 32% in 2016
While much of this decline is due to lower system costs, it was a difficult year for the solar industry despite a 20% growth in installation capacity.
Vivint Solar secures $303 million in fresh financing
Vivint Solar has started 2017 on a high, with the closing of $303 million in new financing from a total of five different investors, which will allow the company to repay existing borrowing and install a number of new residential systems.
