New York State quietly lifts the cap on net metering
Without publicity, New York regulators have suspended the existing cap on the state’s net metering program, until such time as a new valuation is concluded under the REV process.
Half of all Australian households could adopt solar by 2018, finds the Climate Council
Australia could become world-leader in solar+storage deployment for the home by 2018, report finds, as affordable battery technology pours into the market, swelling solar uptake in the process.
Sunnova raises $300 million debt and equity round
U.S. solar lease and loan provider Sunnova has closed a debt and equity funding round to continue its growth in North American residential market. The $300 million round bring its its total fundraising to $900 million.
Large-scale PV projects show strong performance in early review
A report by Fitch Ratings finds that recently completed large utility-scale solar projects tend to generate more electricity than expected, with low variability in output and high availability.
Off Grid Electric raises US$25 million to provide solar power to homes in Africa
OGE’s C round is the largest venture capital funding round for distributed energy in Africa to date. The company is currently deploying 10,000 home solar systems per month in Tanzania using a leasing model.
ABB Q3 earnings fall 21% YoY
Swiss-headquartered power and automation company reveals profits fell to $577 million in the third quarter of the year due to slowing demand in China and other emerging markets, company states.
STA drafts one-pound-plan to save UK FIT
The U.K.’s Solar Trade Association has prepared an emergency plan to save the country’s feed-in tariffs at meaningful levels. A brief of the plan has now been presented and full details are expected to be released tomorrow.
Arizona halts hearing into new solar fees, opens value of solar docket
Regulators in Arizona have ended an inquiry into new fees on solar customers and opened a new docket on the value of solar, following solar industry allegations of improper influence by APS on commissioners.
Octopus Investments sells GBP 400 million of UK solar PV projects
The Royal Bank of Scotland and Investec Bank have closed the syndication of a GBP 400 million acquisition facility used to purchase a portfolio of 522 MW of solar PV projects located in the south east and west of the U.K.
RWE commissions 16 MW Hungarian solar park
German clean energy developer completes development of the country’s largest solar PV plant: a 16 MW array near to the capital, Budapest.
