Residential PV

The Swiss power electronics company’s 2016 financial report reveals reclassification of its solar inverters as Electrification product – a move intended to aid profitability.

The Renewable Energy Association’s energy storage conference that took place in London this week affirmed the U.K.’s immense energy storage potential. To unlock this potential, however, the sector is waiting for policymakers to unveil new policies that will make country’s energy much more storage-friendly.

Data from Bloomberg New Energy Finance reveals total of $834 million steered towards the global clean energy industry last year, marking the third consecutive annual increase.

Detailed examination of the National Energy Administration’s official solar PV statistics for China reveals a 200% year-on-year growth in distributed solar. Sector grew by 4.23 GW in 2016.

Rooftop and large-scale solar contributed to estimated 1% reduction in total power consumption in 2016, prompting 1.3% fall in greenhouse gas emissions and rising share of renewables on the grid.

Data from the Ministry of New and Renewable Energy analyzed by Mercom Capital Group shows India’s renewable energy installations have crossed 50 GW, setting the country on course to meet its 2022 goal.

Installations are increasing under net metering. Last year 45 MW was added under the program.

The solar arm of the industrial giant becomes the first Indian company to surpass 1 GW of global PV module shipments, shipping 60% of that figure over the past five years.

While global solar power demand increased 50%, new European installations were down 20% compared to 2015, falling to 6.9 GW of new capacity on the continent.

Along with changing its name from Tesla Motors to Tesla Inc. the electric vehicle and battery maker will eliminate the SolarCity brand.