Solar Energy Industries Association News Release
BOSTON, Mass. and WASHINGTON, D.C. – Showing resiliency in spite of the new tariffs on imported modules, the U.S. solar market added 2.5 gigawatts of solar PV in the first quarter of the year, representing annual growth of 13 percent, according to the latest U.S. Solar Market Insight Report from GTM Research and the Solar Energy Industries Association (SEIA).
Solar PV accounted for 55 percent of all U.S. electricity capacity added during the quarter and added more than two gigawatts for the 10th straight quarter, the study said. Read the rest of the release here.
ADDITIONAL RECOMMENDED READING
- Large-scale solar stays strong in Q1 2018 (w/chart), PV Magazine
Thanks in no small part to modules stockpiled before the Section 201 tariffs hit, both the utility-scale and “non-residential” market segments grew year-over-year in Q1. And while the duties are expected to play a greater role in 2019, there are other factors supporting ongoing market growth.
- Solar Surpasses Gas and Wind as Biggest Source of New U.S. Power, Bloomberg
The growth came even as tariffs on imported panels threatened to increase costs for developers. Giant fields of solar panels led the growth as community solar projects owned by homeowners and businesses took off. Total installations this year are expected to be 10.8 gigawatts, or about the same as last year, according to GTM. By 2023, annual installations should reach more than 14 gigawatts. “Solar has become a common-sense option for much of the U.S., and is too strong to be set back for long, even in light of the tariffs,” SEIA Chief Executive Officer Abigail Ross Hopper said in a statement.
- China may have plunged the U.S. solar market into prosperity, PV Magazine Op-Ed
- Silfab considering U.S. solar factory, PV Magazine
Italo-Canadian module manufacturer, Silfab Solar, announced today that it has secured a supply contract with PetersenDean, which bills itself as the largest privately-owned roofing and solar company in the United States. In the brief press release, Silfab also hinted at much bigger news. The company states that it is “exploring U.S. manufacturing opportunities and location”.
- Vivint closes on the largest solar securitization to date, PV Magazine
The $466 million deal and a $345 million private placement together comprise an $811 million refinancing for the residential solar company.
- Arizona PPA Boasts Lowest Solar Prices in US, Energy Manager Today
The post also discusses Facebook and Adobe’s PPAs for the sale of energy produced by Enel’s 320 MW Rattlesnake Creek wind farm in Nebraska.
- Texas Could See $100 Million In Solar Investments, Texas Public Radio
- Op-Ed: State universities should be clean energy leaders, Traverse City Record-Eagle
By Fred Lambert, Electrek
Following the launch of Tesla’s new “urban” Supercharger stations [yesterday], the automaker updated its new “upcoming stations” on its map and it now features the expected locations of hundreds of new stations coming next year. Tesla updated the map earlier this year with its plan to reach 10,000 Superchargers by the end of 2017. The automaker just now reached 900 Supercharger stations with 6,000 Supercharger stalls toward that goal and it has a just as ambitious goal to have 18,000 Superchargers in its network in 2018. Read more here.
ALSO IN THE NEWS
By Cole Epley, Omaha World-Herald
Wind energy, the fastest-growing source of electricity in the U.S., is transforming low-income rural areas in ways not seen since the federal government gave land to homesteaders 150 years ago. As commodity prices threaten to reach decade lows and farmers struggle to meet debt payments, wind has saved family farms across a wide swath of the heartland. Read more.
Photo: Four 1.7-megawatt General Electric wind turbines on the Brockhaus farm near Creston, Nebraska, feed power into the Loup Power District grid on Thursday. Credit: Matt Dixon, Omaha World-Herald
ADDITIONAL RECOMMENDED READING
Elon Musk just showed us the grand unification of Tesla: Fast Cars, big batteries, and a stunning solar rooftop
By Tom Randall, Bloomberg
On Friday evening as the sun descended over the old Hollywood set of “Desperate Housewives,” Elon Musk took to a stage and fired up his presentation about climate change. It was a strange scene, with hundreds of people crowded into the middle of a subtly artificial suburban neighborhood. It wasn’t until about a minute into the speech that Musk casually let the crowd in on Tesla’s big secret. “The interesting thing is that the houses you see around you are all solar houses,” Musk said. “Did you notice?” Continue reading.
Available in different styles, Tesla’s solar roofs are designed to mimic traditional styles. Photos from Tesla Media Release.
ADDITIONAL RECOMMENDED READING
5 unanswered questions after Tesla’s big solar roof and battery announcement, Utility Dive
Tesla Surprise: It’s a Profit, NET – Nebraska’s PBS & NPR Stations
By Anna Hirtenstein, Bloomberg. Posted on Renewable Energy World
Batteries capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionizing the way consumers use energy. That’s the conclusion of Bloomberg New Energy Finance, which forecasts the energy storage market may be valued at $250 billion or more by 2040. It expects 25 GW of the devices to be deployed by 2028, about the size of the small-scale photovoltaic industry now. The findings in the researcher’s New Energy Outlook indicate a further challenge to the traditional utility business model, where power generation and distribution are monopolized in a single company. Energy storage devices can be used to smooth out variable power flows from wind and solar plants, reducing the need for large, centralized generation plants fired by fossil fuels. Continue reading here.
Image credit: Portland General Electric / Flickr
By Anna Hirtenstein, Bloomberg
The number of U.S. jobs in solar energy overtook those in oil and natural gas extraction for the first time last year, helping drive a global surge in employment in the clean-energy business as fossil-fuel companies faltered. Employment in the U.S. solar business grew 12 times faster than overall job creation, the International Renewable Energy Agency said in a report on Wednesday. Fed by state initiatives to spur clean energy and innovative financing measures offered by companies such as SolarCity Corp., developers are adding workers at record rates to install rooftop panels.
Read more about the growth of U.S. and global renewable energy jobs here.
Photo Credit: Getty Images / Bloomberg
SEE ALSO: The Solar Energy Industries Association’s Infographic
By Jonathan H. Adler, The Washington Post Monday, acting on its own initiative, the U.S. Court of Appeals for the D.C. Circuit announced that it would hear challenges to the Obama administration’s Clean Power Plan sitting en banc. As per the court’s order, the challenges will be heard by the full court in September. A three-judge panel had been scheduled to hear arguments June 2. Continue reading.
MORE LINKS WE LIKE
New DOE accelerators target CHP, low-income clean energy, Utility Dive. The new accelerator programs are a part of DOE’s Better Buildings Challenge, which since 2011 has resulted in more than $1.3 billion in energy cost savings.
Investment firms ask Kasich to bring back renewable energy standards, Dayton Business Journal. Nine fund managers and groups who say they manage more than $15 billion in assets, including some in Ohio, say alternative energy mandates help attract new investment and business.
Germany Just Got Almost All of Its Power From Renewable Energy, Bloomberg. Clean power supplied almost all of Germany’s power demand for the first time on Sunday, marking a milestone for Chancellor Angela Merkel’s “Energiewende” policy to boost renewables while phasing out nuclear and fossil fuels.
WASHINGTON (May 12, 2016) — Four non-governmental organizations have formed the Renewable Energy Buyers Alliance (REBA), a new coalition to empower multinational companies to transform electricity systems with renewable energy. REBA aims to help facilitate and deploy 60 gigawatts (GWs) of new corporate renewable energy in the United States by 2025.
REBA is led by Business for Social Responsibility, Rocky Mountain Institute, World Resources Institute and World Wildlife Fund. Over 60 companies are members of one or more of REBA’s initiatives.
Click here to read the entire release.
Renewable Energy Buyers Alliance (REBA) website: www.rebuyers.org
Corporate Renewable Energy Buyers’ Principles
ADDITIONAL RECOMMENDED READING
Utility Dive: Major US companies launch Renewable Energy Buyers Alliance
Bloomberg: Facebook, Microsoft Give Clean Energy a Boost With Buyer’s Group
Image Credit: Greentech Media
For the first time, most utility-scale solar development this year won’t be driven by renewable portfolio standards
By Herman K. Trabish, Utility Dive
Two things the solar industry seems to never stop doing is setting growth records and finding new markets. The sector added a record 7.3 GW of new capacity in 2015, with over 4 GW of that coming from the utility-scale solar segment. Just-released industry numbers foresee it more than doubling last year’s installed capacity in 2016 — increasing to 16 GW of installations, including almost 12 GW of utility-scale solar. In addition, new Energy Department numbers foresee utility-scale solar becoming, for the first time, the biggest source of new U.S. generation for the year. True to form, the industry will expand into new markets to get to these numbers, according to a new report, “The Next Wave of U.S. Utility Solar,” from GTM Research.
MORE CLEAN ENERGY NEWS
Banks Pledge $7 Billion to Scale Up Clean Energy Investment, by Jessica Shankleman, Bloomberg
Clean Energy Arrives at Institutional Investors ‘Grownups Table,’ by Joe Ryan, Bloomberg
As it looks to cut carbon pollution from power plants, the CPP will help solar to penetrate new markets because states will be forced to adopt cleaner energy like solar, wind or geothermal. States that are beginning to restructure their energy policies now will be better off when the CPP comes into effect, according to Resch.
“You still have 20 states who are going forward with the development of their state implementation plans,” said Resch. “Those states who aren’t, who decided we’re going to wait and see what happens, they’re going to get stuck with a federal implementation plan. I think most states would rather develop their own implementation [plan].”
Link to video on the Solar Energy Industries Association’s website.
RELATED NEWS REPORT
Minnesota presses clean power plan as Supreme Court tells feds to wait, by Elizabeth Dunbar, Minnesota Public Radio (MPR)