Iran to host 1.25 GW solar PV project, reports Bloomberg
A leading Iranian energy official tells Bloomberg that an unnamed German company will build several solar power plants in the province of the nation’s capital, Tehran.
New York leads coalition of U.S. states in legal defense of Clean Power Plan
While the Clean Power Plan has been under attack in red states, a new coalition of some of the larger states and cities in the nation has thrown down the gauntlet.
TEP files to decrease payment for solar PV customers
Utility Tucson Electric Power (TEP) has filed for a new rate case, under which it plans to dramatically reduce compensation for PV system owners.
REC posts record Q3 revenue of $234 million, delivers global market outlook
Third quarter revenue is 39% increase on Q2, with U.S. market comprising 60% of sales over that period; module supply agreement for Thailand rises to 34 MW.
The pv magazine weekly news digest
Solar’s continued price decline caught the headlines for various reasons: In India’s Andhra Pradesht the winning tender was so cheap verging on ‘unattractive’, in the U.S. Enphase was forced to slash costs to stay competitive, and in Chile solar was confirmed as cheaper than fossil fuels.
More than 130,000 petitions to preserve net metering delivered in California
A coalition of environmental, faith, business, consumer and labor organizations have joined solar advocates to deliver a record number of petitions to California regulators in support of the policy.
Solarcity lawsuit against Arizona utility to go forward
SolarCity is seeking an injunction against Salt River Project for fees and changes to compensation for PV system owners, which it says has destroyed the solar market in SRP’s service territory.
Oil giant BP forecasts larger role for solar+storage in energy future
Despite ‘abundant’ oil and gas resources and increasingly sophisticated extraction methods, pressure to reduce carbon emissions, coupled with falling component costs, will see solar+storage play greater role in energy mix.
Enphase cuts prices by 19% to alleviate weak Q3 sales growth
U.S. microinverter company reduces Q4 guidance significantly on back of tough third quarter; cuts component prices by 19% in face of increased price competition from rivals.
Renewables drive BayWa AG's third quarter gains
The German international group cites ‘outstanding development’ of its European and U.S. renewable energy projects as driver for earnings gain and solid revenues.
