Residential PV

Around 75 jobs will be lost during the microinverter specialist’s restructuring drive, which reflects increased price pressure across the segment, both globally and in the U.S.

It is estimated that last year more than 100 MW was installed in the segment. With the new distributed generation regulation they believe that new business models will lead to a notable increase in the market his year.

End of year surge in installations pushes annual total towards 1.5 GW – a slightly higher figure than that recorded in 2015. Tumbling module costs in Europe have aided this upturn, with small-scale solar installations predominant.

SEC filing outlines proposed changes, described by company CEO Paul Nahi as “necessary to create path to sustained profitability”. Restructuring will cost estimated $2 million and follows announcement last year of staff losses.

The regional initiative is expected to boost the solar PV and thermal solar installations in the state.

Fenix International, a silicon-valley technology company backed by venture capital, today announced that it has sold its solar financing model to 100,000 residential customers in Uganda.

Spruce Finance, which provides consumer financing for residential solar and energy efficiency projects, has raised a total of US$445 million dollars in tax equity and project debt transactions to support its activities in 2017.

Kreditanstalt für Wiederaufbau (KfW), the development bank owned by the German government, today announced that it will restart subsidy payments for PV + storage applications within Germany.

The latest data show solar taking an increasing role in Japan’s energy mix, however several provinces are nearing caps on PV capacity eligible for reimbursement for curtailed power.

Off-grid solar solution manufacturer d.light has raised a further USD 10.5 million in funding to expand its operations in Africa and Asia, which brings the company’s total to an impressive USD 40 million in just four months.