Israeli-based solar PV inverter manufacturer SolarEdge has this week reported yet another blockbuster quarter with increased revenue, gross margin, and record shipments, at the same time as the company begins to expand beyond the solar market with moves into the energy storage and grid services & virtual power plant sectors.
An unlikely coalition of renewable energy, natural gas, energy efficiency, and oil industry associations have collectively submitted their concerns to the US Department of Energy regarding the possibility of effectively bailing out and subsidizing uneconomic and aging power plants that would otherwise be forced to retire, such as FirstEnergy Solutions’ recent request for the same.
Vivint Solar, one of the United States’ leading residential solar installers, announced its first-quarter earnings this week, posting lackluster growth and a larger-than-expected net loss, causing the company’s shares to tumble until investors took notice of California’s new building regulations mandating solar on all new residential buildings from 2020 onwards.
The renewable energy industry employed more than 10 million people in 2017, according to new figures published this week by the International Renewable Energy Agency, thereby surpassing the 10 million jobs figure for the first time thanks to an addition of more than 500,000 new jobs around the world.
Did we really expect Siemens Gamesa to come out of the gate so strong so fast? Either way, let’s dive into the new wind energy behemoth and global leader.
GE Renewable Energy announced Tuesday from the AWEA Windpower Conference in Chicago that it would not only add 470 megawatts (MW) worth of new capacity in Iowa with the construction of the English Farms and Upland Prairie wind farms, but that the company had now installed over 40 gigawatts (GW) worth of wind capacity in North America.
Shanghai-based solar manufacturer JA Solar reported long-delayed Fourth Quarter and Fiscal Year 2017 Results late last month, reporting record shipments of 7,143.1 megawatts (MW) for the full year, an increase of over 55% while revenue increased by over 25%.
Leading US solar manufacturer First Solar published its first-quarter earnings report late last month, depicting a strong start to the year with increased sales of $567 million and the commencement of Series 6 module production in April which, in turn, led to the company’s announcement of a new solar manufacturing plant in Perrysburg, Ohio.
Solar energy developer SkyPower has announced a landmark foreign direct investment of $1.3 billion into Uzbekistan to build 1 gigawatt (GW) of solar capacity throughout the country, which will be sold to the country’s government through its first Power Purchase Agreement.
Researchers at Indiana University have published new research showcasing new methods that can identify communities likely to be negatively impacted by clean energy policies — specifically, those communities which heavily rely on fossil fuels for their economy or low-income communities unable to afford increased energy costs.
