Record inverter shipments in 2017, three-phase string inverters overtake central for first time
According to the latest GTM Research statistics, global inverter shipments increased 23% in 2017, and revenues 11%, thus representing another record year. A market first, three-phase string inverter shipments overtook those of central inverters.
Bill to lift South Carolina net metering cap approved in House
The bill will also require expedited interconnection by utilities, and must pass a third reading before it goes to the state’s senate.
Coal bankruptcy burns 8Point3 on 20 MW solar power contract
FirstEnergy Solution Corp’s recent bankruptcy filing has put a solar power purchase agreement (PPA) with an annual value of $8 million, and a non-cash book value of $40-48 million at risk.
350 MW solar + 350 MW storage project moves forward in California
Recurrent Energy’s ‘Crimson’ project is proposed for siting on public land, and is moving forward in its environmental review.
Maine House fails to overturn LePage veto of solar policy fix
The Maine House fell two votes short of overturning Governor LePage’s veto of a bill that would have preserved key aspects of net metering in the state. However, the measure will be reconsidered on Monday.
Solar advocates win two more seats on Salt River Project board
The Arizona utility has retained the same executives, and acreage-based board seats have been held by incumbents
Sunlight Financial raises $225M for residential solar loans
The residential solar finance provider sees the capital covering approximately 9,000 solar loans at $25,000 each.
Illinois includes small utilities in final state renewable energy plan
The state’s Commerce Commission has approved the Illinois Power Agency’s Long-Term Renewable Resources Procurement Plan, reversing earlier exclusion of small utility participation. The plan promises to build a gigawatt-scale solar market in Illinois.
New York projects 100%+ solar market growth over 2017
State officials reveal that New York State has 693 MW of community solar on the way – and a total pipeline of almost 1 GW. The state further projects 500 MW of that might be installed in 2018.
Sunnova raises $100 million in equity
The Texas-based residential solar company has partnered with a group that focuses on long duration investments. Sunnova has raised more than $2.5 billion since 2012.
