Markets

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 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.

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.

Solar and wind energy are lower cost than fossil fuels in Chile, reports Deutsche Bank, with solar the cheapest source of electricity generation. While over 1 GW of solar is set to be installed this year, there are still significant hurdles to overcome, meaning the market could slow to just half that in 2016.

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.

Subsidies for polluting diesel generators amount to hundreds of millions of pounds as the government urges large energy users to adopt diesel as back-up power source this winter.

Tenaga Nasional aims to win more than half of the 200 MW of solar PV capacity being offered over the next five years via government power auctions.

Inverter specialists provide storage and inverter solution to help manage a rooftop solar PV array atop a hospital in Kotopounga, Benin, West Africa; project the brainchild of French NGO Synergie Solaire.

The German international group cites ‘outstanding development’ of its European and U.S. renewable energy projects as driver for earnings gain and solid revenues.

The company notes that Massachusetts residents are signing up for 2 MW of community solar per month, with the rate of new reservations increasing more than 5x in 2015.