Israel-headquartered smart energy technology company SolarEdge's yearly net income in 2022 dropped by 45%, despite the total revenue increasing by 58% year-on-year.
US electric power and natural gas company Duke Energy has announced an expansion plan to allow customers to supplement their power usage with renewable power completely.
Norwegian distributed solar marketplace Otovo has secured €120 million (US$130 million) in debt and equity financing to expand its residential solar portfolio across Europe.
Romania has announced a reduction in VAT for solar PV modules to 5% from 19% as of this week to boost self-consumption and solar uptake across the country.
PV solutions provider SPI Energy’s wholly owned subsidiary, Solar 4 America (S4A), has begun manufacturing M10 (182mm) modules in the new production line at its facility in Sacramento, California.
The US installed 4.6GW of solar capacity during Q3 2022, a 17% decrease from the same period last year, as trade barriers continue to hamper deployment, according to research from the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
The California Public Utilities Commission’s (CPUC) most recent net energy metering (NEM) proposal is too extreme and will discourage homeowners from adopting residential solar, according to Bernadette Del Chiaro, executive director of clean energy business group the California Solar and Storage Association (CALSSA).
The Californian Public Utilities Commission (CPUC) issued a proposal yesterday to alter its Net Energy Metering (NEM) tariff to encourage domestic battery storage systems alongside distributed rooftop solar. The new proposal reversed some of the measures in the poorly-received NEM 3.0 programme.
