Markets & Policy

The Korean utility giant company has contracted to purchase the largest concentrating photovoltaic (CPV) project in the United States.

The second study by Solar to the People finds that incentives cover more than half the cost of the average residential PV system in New York State.

The Chinese polysilicon and PV maker will buy three of SunEdison’s manufacturing businesses involved in polysilicon production up until cell production, amid rumors that it is also planning to make a bid for SunEdison’s controlling stake in TerraForm Power.

This week saw three new high-profile executive appointments, Berkeley Lab’s annual report showing ongoing solar cost collapses, progress on Tesla’s acquisition of SolarCity, and more.

However, EIA data shows solar PV only making up 1.3% of total generation, a fraction of the portion in leading European nations.

The third-largest distributed solar installer has moved into the Florida market, which currently does not allow power purchase agreements for residential solar.

The ruling clears a legal roadblock for the acquisition, which still must be approved by shareholders of both companies.

This is the latest roadblock for the troubled project on public land in the California desert.

The company will eliminate 80 employees from its San Mateo headquarters and another 28 from its offices in San Francisco.

The national lab’s latest report finds ongoing declines in PV system prices, with residential system prices falling to $4 per watt in 2015.