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3@3 on Solar PV: First Solar, Tesla/SolarCity, Residential Market

Jenn Runyon, Chief Editor of Renewable Energy World and Paula Mints, Chief Market Research Analyst with SPV Market Research discuss three hot topics in the global solar industry for three minutes each. Today’s topics include the First Solar announcement that it is restructuring, laying off its workforce and canceling its Series 5 module; the finalization of the Tesla buyout of SolarCity and the residential solar market in Japan. Check it out.

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First Solar Plans Restructuring, Cuts Manufacturing Line and Announces Layoffs

When solar analysts talk about the solar coaster, they aren’t kidding. News on November 16 that U.S. thin-film solar module manufacturer First Solar was planning to lay off a significant portion of its workforce, cancel its series 5 module production line and restructure the company hit the industry hard, especially since the news came just one week after the U.S. presidential election in which Trump was elected.

But it’s important to remember that while the news did coincide with the news that the Trump administration will be taking office in January 2017, the two announcements have nothing to do with one another.

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NewsUncategorized

14-MW Community Solar Array Now Online in Massachusetts

On Friday, November 18th, NRG Energy, announced that its newest community solar facility in Massachusetts has come online in the town of Spencer to serve the electricity needs of 1,600 residential and commercial subscribers in the Commonwealth, including six affordable housing developments.  

The Spencer community solar farm — situated on 200 acres of the historic St. Joseph’s Abbey — is 100 percent subscribed and has a rated capacity of 14.7 MW. St. Joseph’s Abbey is a Trappist monastery in which the monks brew beer and make jam in order to bring in revenue for the facility.  The addition of a community solar farm on about 10 percent of its ample land not only gives the monks an additional revenue stream but it also aligns with their core values, according to a spokesperson for NRG.

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