Major merchant solar cell producer Neo Solar Power (NSP) reported a modest decline in revenue for February 2015 due to the shorter working month and Chinese New Year.
President Obama signed an executive order that the administration hopes will entice businesses to commit to lowering greenhouse gas emissions and supporting renewable energy and efficiency initiatives.
Japan has confirmed it will make big cuts to the feed-in tariff (FiT) payable for solar, which have been expected for some time, dropping the rate by around 16%, from ¥32 (US$0.27) per kWh to ¥27 per kWh by July.
According to market research firm IHS global cumulative solar PV installations will reach almost 500GW (498GW) in 2019, up from around 180GW in 2014, a 177% increase.
US Bancorp and ORIX USA Corp. have announced the closing of US Bancorp’s first renewable energy conglomerate, which is expected to help SolarCity install around 2,500 PV systems at homes and businesses in nine states.
Struggling US solar rooftop installer RGS Energy has been successful in renewing a revolving line of credit with Silicon Valley Bank and existing loans with Riverside Fund III, division of the firms largest shareholder, Riverside Renewable Energy Investment.
Sunnova announced the beginning of the EZ Own programme, which it claims will allow homeowners to have a solar power system with no upfront or maintenance costs.
PV developer Solar Power, Inc. (SPI) has announced that the company, along with its subsidiary — SPI China Limited — has completed its acquisition of 4.3MW of PV projects in Italy from CECEP Solar Energy Hong Kong Co. (CECEP HK).
