Reuters reports that nearly 20% of its installation facilities will close, as part of the company’s 9% workforce reduction announced last week.
The New York State Assembly has passed a bill which would temporarily put a hold on the alternative valuation of electricity from community solar projects and re-institute net metering for three years. The companion bill currently sits in Senate Rules Committee.
Thanks in no small part to modules stockpiled before the Section 201 tariffs hit, both the utility-scale and “non-residential” market segments grew year-over-year in Q1. And while the duties are expected to play a greater role in 2019, there are other factors supporting ongoing market growth.
The New York ISO projects a 0.14%-per-year fall in electricity demand from the grid of over the next decade. Already, the state is far off of its historical usage peak of the mid-2000s.
The Tesla/Panasonic gigafactory is taking on more workers, as a sign of health. However many details remain unclear.
CIT Group and RBC Capital worked together to fund the portfolio of projects spread across six states, with half the capacity in California and Arizona and the other half in the northeast.
The Empire State state has announced a solicitation for 1.5 million megawatt hours of renewable electricity, to be delivered by 2022.
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