First Solar Joins Consortium of Investors in Energy Storage Provider Younicos
Younicos recently signed agreements for $50 million in growth capital to further scale its deployment of intelligent energy storage solutions.
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First Solar Joins Consortium of Investors in Energy Storage Provider Younicos
Younicos recently signed agreements for $50 million in growth capital to further scale its deployment of intelligent energy storage solutions.
Read MoreSoftBank Venture Wins 350 MW Project in India Solar Debut
SBG Cleantech Ltd, the clean energy joint venture company between Japan’s SoftBank Group Corp., India’s Bharti Enterprises Pvt. and Taiwan’s Foxconn Technology Group, won its first solar project in India, a government official said.
Read MoreSoftBank Venture Wins 350 MW Project in India Solar Debut
SBG Cleantech Ltd, the clean energy joint venture company between Japan’s SoftBank Group Corp., India’s Bharti Enterprises Pvt. and Taiwan’s Foxconn Technology Group, won its first solar project in India, a government official said.
Read MoreMaking Sense of the ITC Extension for Wind, Solar (and Bioenergy, Too)
Tuesday December 15 was a good day for U.S. renewable energy companies. In a landmark deal that could mark the first time the Senate and House democrats and republicans were able to compromise on anything at all, the two parties released an omnibus spending bill that lifts the 40-year U.S. oil export ban and gives a five-year extension of renewable energy tax credits for wind and solar.
Solar Industry Exuberant
The bill extends the Investment Tax Credit (ITC) for solar until 2021. It was originally expected to sunset at the end of 2016, which was forcing developers to rush to finish projects. In a session last week during Renewable Energy World Conference and Expo, Julie Ungerleider of Coronal Group explained that because of the hard stop that the ITC created, solar projects that were not already “fully baked” were unlikely to be able to be built by 2016. She said material shortages were rampant with the rush to build now. This extension should relieve some of that pressure.
The ITC will be extended until December 31, 2019 in its current form. After that projects that start construction in 2020 and 2021 will receive 26 percent and 22 percent, respectively. All projects must be completed by 2024 to obtain these elevated ITC rates. For residential solar, a similar tax credit phase-out applies until December 31, 2021, after which the tax credit scheme ends.
Read MoreMaking Sense of the ITC Extension for Wind, Solar (and Bioenergy, Too)
Tuesday December 15 was a good day for U.S. renewable energy companies. In a landmark deal that could mark the first time the Senate and House democrats and republicans were able to compromise on anything at all, the two parties released an omnibus spending bill that lifts the 40-year U.S. oil export ban and gives a five-year extension of renewable energy tax credits for wind and solar.
Solar Industry Exuberant
The bill extends the Investment Tax Credit (ITC) for solar until 2021. It was originally expected to sunset at the end of 2016, which was forcing developers to rush to finish projects. In a session last week during Renewable Energy World Conference and Expo, Julie Ungerleider of Coronal Group explained that because of the hard stop that the ITC created, solar projects that were not already “fully baked” were unlikely to be able to be built by 2016. She said material shortages were rampant with the rush to build now. This extension should relieve some of that pressure.
The ITC will be extended until December 31, 2019 in its current form. After that projects that start construction in 2020 and 2021 will receive 26 percent and 22 percent, respectively. All projects must be completed by 2024 to obtain these elevated ITC rates. For residential solar, a similar tax credit phase-out applies until December 31, 2021, after which the tax credit scheme ends.
Read MoreIn Wins for Renewables, Congress Makes Tax Credit Deal, California Upholds Net Metering
Tuesday was a good day for solar. U.S. congressional leaders reached a deal that would extend tax credits for renewable energy.
Read MoreOil Export Plan, Clean Energy Tax Credits Trade-Off Under Negotiation for U.S. Spending Bill
A dispute over ending the 40-year-old U.S. crude oil export ban is the last remaining obstacle to agreement on a spending bill to avoid a government shutdown, Senate Democratic leader Harry Reid said Tuesday.
Read MoreAustralian Firm to Build Floating Solar Farm in California
A large-scale floating solar panel array road tested in the South Australian Outback is set to soak up the Californian sunshine.
Read MoreTrina Founder Seeks to Take Biggest Solar Company Private
Trina Solar Ltd., the world’s biggest solar manufacturer, said it received a preliminary approach from its chairman and founder Jifan Gao to take the company private.
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