PV inverter manufacturers SMA Solar, SolarEdge and Enphase have all recently reported first quarter 2017 financial results. As already highlighted by PV Tech, US residential PV installers have reported softer than normal sales in the quarter and dependence on the US market for SMA Solar and Enphase, coupled to continued pricing pressure took a toll on revenues.
Shares of residential solar company Sunrun fell nearly 10% in trading yesterday after news broke of the investigation by the US Securities and Exchange Commission (SEC) on whether the company adequately disclosed how many customers had cancelled contracts.
News in Brief: Vivint Solar is taking advantage of Rhode Island's optimal residential solar conditions and expanding into the state, BBOX and Aeris are partnering to provide plug-and-play solar systems with IoT connectivity in East and Central Africa, Sri Lankan energy ministers are allocating funding to install solar systems in selected public buildings and India's Space Research Organisation has developed a new solar app for Android.
The Securities and Exchange Commission (SEC) has launched an investigation into whether SolarCity and Sunrun are adequately disclosing how many customers have cancelled solar contracts.
The financial benefit currently available to solar users will be sharply curtailed over the next few years, after Indiana governor Eric Holcomb signed SEA 309 into law yesterday.
As the deadline to make a decision looms, Hoosiers have petitioned the Indiana governor to veto the bill that would remove much of the financial incentive for residential solar.
Virginia-headquartered utility Dominion Virginia Power has touted plans to boost its installed solar capacity for customers in Virginia and North Carolina.
News in Brief: SCE tops the SEPA rankings for the top solar capacity of utilities for the second year in a row, PG&E issues an RfP for renewable energy projects ranging from 0.5MW to 20MW, Canada's Solar Alliance acquires the entire LA residential solar pipeline of an undisclosed US company, and Rhode Island's Gina Raimondo has announced a 40% increase in the state's clean energy jobs.
A coalition of Indiana tech and finance CEOs are urging governor Holcomb to veto the state’s controversial solar bill that aims to slash solar incentives for residential customers.
