SolarCity completes the acquisition of Zep Solar, for a total consideration of approximately $158 million. The purchase price was paid in approximately 2,752,000 shares of SolarCity common stock and the assumption of options to acquire approximately 303,000 shares of SolarCity common stock.
A draft report by South Carolina's Energy Advisory Council (EAC) says that the state should work toward a grid that will be significantly more dynamic and versatile than today's system, not relying on single power producers. Currently, North Carolina is one of the least solar friendly states in the nation. The final report is intended to provide regulators and legislators with the information they need to understand the issues and know what's at stake.
Yingli Green Energy launches its 2014 FIFA World Cup official campaign. With the theme of "All Under One Sun," the company is promoting solar and the concept of sustainability through the FIFA World Cup, one of the most influential marketing platforms in the world.
At the U.S. Solar Market Insight Conference, Shayle Kann, Vice President of Research at GTM, shows that solar is well on its way to becoming mainstream.
The U.S. installed 930MW of PV solar in the third quarter of 2013, representing the second largest quarter in the history of the U.S. solar market. The residential segment showed an impressive increase of 45% year-over-year and posted its largest quarter ever with 186 MW installed. This year is likely to be the first year in more than 15 years in which the U.S. installs more solar capacity than world leader Germany.
Boston-area company Bandgap Engineering increases the average efficiency of standard, commercial solar cells by 0.4 percentage points, from 17.2% to 17.6%, just by replacing the standard surface texture with its nanowire technology.
The Public Utilities Commission of Ohio (PUCO) revises its interconnection procedures for electrical generation, making it easier for smaller solar and wind systems to connect to the grid. These new interconnection procedures are a positive step forward for the deployment of low-carbon energy generation throughout Ohio.
ReneSola publishes its Q3 2013 financial results, reporting net revenues of $419.3 million, up 92.2% from a year ago, and significantly above the estimate of $360.7 million. However, the company's net loss of $2.23 per ADS is far larger than the estimated loss of $0.22, causing the shares to fall 20%.
According to a report today from the Associated Press, on Thursday, Obama will order the federal government to step up its use of renewable sources with a new goal of 20% renewables by 2020.
Originally published on Mosaic, written by Jeremy Gottlieb
A new player has entered the clean energy field: Latin America. Eager to kick their dependence on coal, oil, and other fossil fuels, these nations are beginning to ramp up their investment in renewable power. Whereas Brazil used to be the only country that had any sort of significant investment in the sphere, recently countries like the Dominican Republic and Uruguay have stepped up their games -- but no one has come close to the green power shift undertaken by Chile.
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