By Herman K. Trabish for UtilityDIVE: Solar photovoltaic (PV) installed capacity is expected to reach 7.7 GW in 2015, up 24% from 2014, according to the Solar Energy Industries Association (SEIA) and GTM Research.
From July 2015 to December 2016, the report forecasts the U.S. solar PV marketwill add 18 GW, which is more than the cumulative capacity built by the industry up to the middle of 2014.
But there are some headwinds for the sector. In a sign it has reached a level of maturity achieved recently by the wind industry, solar advocates now face an uphill political battle for the industry's most vital federal incentive
The mandated term of solar's vital 30% federal investment tax credit (ITC), in place continuously since 2008, will end on December 31, 2016. Beyond that deadline, the tax credit provided at the end of a project’s first year of operation will fall to 10% for commercial investments in solar and to zero for residential solar investments.
SEIA is mounting a multi-million dollar lobbying campaign to secure a five-year extension that will get the industry to 2020, when it hopes the Clean Power Plan can take over to help boost growth. Cont'd...
Midsummer granted a loan of 10 MSEK from Almi for continued development of thin film solar cell production equipment
OneRoof Energy and Amergy Solar Collaborate to Make Solar More Accessible and Affordable in New York
On July 20, SunEdison, the world's biggest renewable energy development firm, along with TerraForm Power, an owner and operator of clean energy power plants, announced the acquisition of Vivint Solar, a major supplier of residential solar systems in the U.S.
The merger will be worth approximately $2.2 billion in cash as the two major solar companies acquire the residential solar firm. Additionally, SunEdison has agreed to enter a power purchase agreement with TerraForm Power. Roughly 523 megawatts of solar power will be installed by Vivint Solar by the end of 2015, which will now all be moved over to SunEdison.
Through the $922 million power agreement, TerraForm Power will install the solar panels for residential solar protections through a "10-year average levered cash-on-cash yield of 9.5 percent," the release stated. Also, TerraForm Power will obtain future small commercial solar and completed residential projects from SunEdison's Residential and Small Commercial business unit. Cont'd...
EnergySage and Green America Join Forces to Give U.S. Residents the Power of Choice When Evaluating Solar Energy Adoption
At REFF-Wall Street, Industry Leaders Highlight the Maturation of Renewable Energy Capital Markets as Traditional Energy Sectors Transform
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