North America

Solar power policy roundup April 25

Our first solar power policy roundup looks at a bills to scrap net metering while raising the RPS in Connecticut, the establishment of performance-based ratemaking for utilities in Hawaii, and more.

Schletter Inc. files for chapter 11 bankruptcy

The solar mounting systems maker’s U.S. division has filed for bankruptcy, one month after the German parent company filed for insolvency.

Majority of Americans oppose Section 201 solar panel tariffs

A new poll by the University of Maryland finds that 58% of Americans surveyed do not agree the imposition of tariffs on imported solar panels. However, Trump voters back the measure.

Residential solar power grows 11% in Q1 2018

OhmHome estimates 72,996 residential solar power installations in the first quarter of 2018, with California and Massachusetts growing 14% and 9%, respectively.

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Utilities weaken distributed solar power with policy wins

Utilities have been trying to dismantle net metering and/or wreck the economics of customer-sited solar for years. In the first quarter of 2018, they saw some significant victories.

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Dividend’s solar power securitization receives industry’s first “AA” rating

Dividend Finance has closed a $104 million residential solar loan securitization, following on its first $129 million securitization in October 2017.

NextEra moves deeper into solar power and solar plus storage

The Florida power company is increasingly building large-scale solar through both its deregulated generation arm and regulated utility FPL, including putting its first solar plus storage projects online.

Commercial solar power strategically sited in San Diego

Clean Coalition, NREL and City of San Diego are working on solar siting and designing a feed-in-tariff program to drive grid resilience via distributed solar power.

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Green shift in finance accelerating – $200B from Wells Fargo

Wells Fargo plans to invest $200 billion by 2030 in sustainability projects, including at least $100 billion in green bonds and clean energy technologies including renewable energy, EVs and batteries.

Battery storage funding booms in Q1 (w/ chart)

The latest report by Mercom Capital finds VC investment in battery storage companies rising five-fold year-over-year to $299 million in 12 deals.

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