Distributed rooftop solar fulfilled 14% of Australia’s energy consumption over this summer, a record level that exceeded all other renewable sources and brown coal generation.
The residential solar industry in the US will be set for a growth spurt in 2023 and beyond as homeowner concerns combine with the blossoming impacts of the Inflation Reduction Act (IRA). So says the first “Solar Industry Snapshot” report from solar PV software provider Aurora Solar.
The number of residential solar and storage systems installed in Germany increased 52% in 2022 compared with the previous year, whilst three quarters of Germans would consider installing rooftop solar.
US clean energy platform Palmetto has raised US$150 million from private equity firm TPG's climate investment arm TPG Rise Climate to increase clean energy adoption and access to residential solar across the US.
Residential solar installer SunPower has invested in its California sales and marketing division to ensure that as many customers can apply for favourable net energy metering (NEM) 2.0 rates.
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.
