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.
Carbon Tracker and Imperial College London report calls solar power and electric vehicles ‘game changers’ whose potential impact is consistently underestimated by large utilities.
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.
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