New & Noteworthy

The Top 10 Solar States Per Capita Of 2015 – And Why Policy Matters

SI Staff
SI Staff on Jul 21, 2016

A new study reveals which states helped lead the way in last year’s U.S. solar boom and underscores the importance of pro-solar policies, which are often under attack.

Tesla/SolarCity Deal Is Part Of Elon Musk’s ‘Master Plan’

SI Staff
SI Staff on Jul 21, 2016

As analysts, Wall Street and solar sector stakeholders continue to debate the merits of Tesla Motors’ recent bid to acquire SolarCity, Elon Musk has posted a blog titled “Master Plan, Part Deux” on Tesla’s website. As the billionaire, who is [Read More]

Sunrun Secures $33 Million SREC Term Loan Facility

SI Staff
SI Staff on Jul 20, 2016

Sunrun Inc. has closed a $33 million non-recourse term loan facility to support the growth of its residential solar business in Maryland, Massachusetts and New Jersey. The company says it will use the five-year loan, provided by an undisclosed financial [Read More]

Total Completes Acquisition Of Battery Developer Saft

SI Staff
SI Staff on Jul 19, 2016

Following a successful public tender offer, French oil giant Total has completed its friendly takeover of Saft Group, a France-based developer and manufacturer of batteries used in renewable energy storage, among other applications. In May, Total revealed its plans to [Read More]

Idaho Power Proposes Community Solar Pilot Program

SI Staff
SI Staff on Jul 19, 2016

Idaho Power says its customers may soon be able to participate in a community solar pilot program if the utility’s proposal is approved by the Idaho Public Utilities Commission (IPUC). Under the proposal, Idaho Power would build a 500 kW [Read More]

Hawaiian Electric, NextEra Call Off Merger After PUC Rejection

SI Staff
SI Staff on Jul 18, 2016

Following a deathblow from the Hawaii Public Utilities Commission (PUC), Hawaiian Electric Industries Inc. (HEI) and Florida-based NextEra Energy Inc. have terminated their plans to merge. NextEra Energy initially announced its bid to take over HEI in December 2014 through [Read More]

Inverter Maker KACO Restructures Operations

SI Staff
SI Staff on Jul 18, 2016

Inverter manufacturer KACO new energy GmbH has announced restructuring plans for its headquarters in Neckarsulm, Germany, including job cuts. In a press release, KACO claims the decision is in response to a perceived shift in solar PV markets and the [Read More]

SolarCity Raises $345 Million To Finance New Projects

SI Staff
SI Staff on Jul 18, 2016

U.S. solar provider SolarCity has announced it raised $345 million in tax equity from four separate partners in June and this month to finance new solar projects. The financing facilities cover the capital cost of new equipment and installations. In [Read More]

California ISO Solar Production Climbs To New Record

SI Staff
SI Staff on Jul 15, 2016

Solar power production has officially hit a new record, reaching 8,030 MW on Tuesday, July 12. According to the California Independent System Operator (ISO), this is nearly twice the amount of solar energy produced in mid-2014 and nearly 2,000 MW more than [Read More]

N.Y. Voters Voice Support For Clean Energy, REV Initiative

SI Staff
SI Staff on Jul 15, 2016

An overwhelming 90% of New York voters back the state’s push to 50% clean energy by 2030, according to a study backed by The Nature Conservancy. In fact, the poll finds that the average voter wants 70% of New York [Read More]