The U.S. residential solar market – and 15 states – are at record highs according to analyst WoodMac’s ‘don’t call it a comeback’ Q3 report, driven by new market forces. The research firm held its 2019 U.S. solar forecast at 13 GW.
The good news is that the world’s largest fund manager, BlackRock, just closed $1 billion of a record $2.5 billion fund dedicated to solar, wind and energy storage projects. The bad news is that the $2.5 billion fund is a tiny fraction of BlackRock’s $6.96 trillion balance sheet and small change compared to BlackRock’s $17.5 billion investment in coal.
Tesla was once the unquestioned leader in the U.S. residential rooftop market with a market share of around 33 percent, but today, the company is No. 3, and its market share during the first quarter was a little more than 6 percent.
The U.S. business built and sold record-setting gallium-arsenide solar cells but its parent has seemingly run out of patience. Having failed to give its workers notice of the move, Hanergy is either in contravention of U.S. employment law, ‘faltering’ or subject to ‘unforeseen business circumstances’.
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