Nevada

While declining sales of solar panels in Japan eroded the electronics giant’s earnings, Panasonic is holding on for growth driven by its collaboration with Tesla.

The first full quarter since Tesla’s acquisition of SolarCity shows a 30% fall in watts of solar deployed, as the company focuses on preparations for the roll-out of its Solar Roof and Model 3 electric vehicle, including expanded battery production.

The case, filed in U.S. Bankruptcy Court for the District of Nevada, shows the California installer has liabilities of up to $10 million, owed to up to 5,000 creditors.

With the passage of SB 65 and SB 204, the Silver State is set to revive a solar industry that has been in flux for the past two years.

Despite a significant slowdown in a two-year rooftop solar installations, which left NV Energy as essentially the state’s only solar option, the utility reached its legislatively mandated 20% level of renewable energy production last year.

A little more than a week after commissioning the first solar plant built on tribal lands, First Solar completed the sale of the project to Capital Dynamics.

The Moapa Southern Paiute Solar Project is the first of four planned by First Solar in partnership with tribes in the Las Vegas area.

The EV, battery and now solar company fell into the red in Q4 concurrent with the acquisition of SolarCity, as it begins making batteries at its Gigafactory and prepares for Model 3 roll-out.

AB 206, introduced yesterday into the Nevada Legislature by Assemblyman Chris Brooks, sets an aggressive ramp up of the state’s renewable portfolio standard (RPS) to four-times its current level of 20%.

The new plant represents the 14th solar energy resource serving Nevada’s customers under the utility’s purview.