Catalyze secures $100 million to support 79 MW New York solar portfolio
The funding comes from NY Green Bank, which is requiring that a significant percentage of solar project subscribers benefit disadvantaged communities.
People on the move: Schneider Electric, Lightsource bp, GoodFinch and more
Job moves in solar, storage, cleantech, utilities and energy transition finance.
Midea unveils outdoor residential heat pump
Midea says its new outdoor residential Evox G3 Heat Pump ranges in size from 1.5 tons to 5 tons, with a coefficient of performance of 1.8. It features enhanced vapor injection technology and uses A2L as the refrigerant.
PV players wrestle tariff threat and oversupply
The requirements of measures such as the Uyghur Forced Labor Prevention Act (UFLPA) mean that solar panel prices in the United States can be twice as much as in Europe.
U.S. government doubles tariff rates on PV cell imports from China to 50%
The administration of President Joe Biden raised tariff rates on PV cell imports from China from 25% to 50%. It also increased the tariff rates for semiconductors, electric vehicles, and EV batteries from China, among other goods.
Sunrise brief: FERC transmission rule to shore up the nation’s power grid
Also on the rise: Two approaches to save net metering in Puerto Rico. Solar powered electric truck stop opens in California. And more.
Two approaches to save net metering in Puerto Rico
A solar trade group wants the White House to appoint new pro-solar members to the federal oversight board that has challenged Puerto Rico’s net metering law, while the former president of the Puerto Rico Senate advises considering amending the law.
Trina Solar records 65.21 GW of solar module shipments for 2023
Trina Solar says its solar panel shipments reached 65.21 GW in 2023. The Chinese module maker achieved a turnover of $15.75 billion and a net profit of $768.2 million in fiscal 2023, with an annual module production capacity of 95 GW by the end of December.
Powering drones with ultra-thin, flexible perovskite PV cells
An Austrian research team has demonstrated that lightweight, flexible and ultra-thin perovskite solar technology can power palm-sized autonomous drones.
FERC transmission rule to shore up the nation’s power grid
The ruling, which is being praised by industry groups, is the first time in more than a decade that the Federal Energy Regulatory Commission has addressed regional transmission policy as well as the need for long-term transmission planning.
