The Rise & Shine is your daily source for all solar-industry news. Brought to you by Sweet Solar Home and the Experts at SunRun.
CALIFORNIA NEWS
Inside OptiSolar’s Grand Ambitions
The solar startup had raised millions to revolutionize solar manufacturing. But things did not go as planned.
California’s New Power Source a Solar Farm
California’s next source of renewable power could be an orbiting set of solar panels, high above the equator, that would beam electricity back to Earth via a receiving station in Fresno County.
GreenWaste Recovery and SolarCity Complete PV System
The MRF solar system is one of the largest commercial solar system installations in the city of San Jose. The 300 kilowatt (DC)-rated solar arrays are expected to produce approximately 408,000 kilowatt-hours of zero-emission solar electricity annually.
Lumeta Awarded Multiple Patents for Profiled Solar Roofing Tiles
Lumeta was recently awarded multiple patents by the United States Patent and Trademark Office for its patents entitled “Profile Roof Tile with Integrated Photovoltaic Module.”
NATIONAL NEWS
SunEdison Activates a Record 86 PV Energy systems in 2008
Key to these activations was financing from Wells Fargo & Company (NYSE: WFC), which announced in March that it had provided $250 million in equity capital to solar energy projects since fall of 2007. More than half of this amount was for PV solar energy systems developed by SunEdison.
ASP to Manufacture Thin-film and Mono-Crystalline Solar Modules
Advanced Solar Photonics (ASP) has increased the product line for its previously announced SolarFab project in Lake Mary, Florida to include not only thin film, but also mono-crystalline solar modules.
ITOCHU Acquires US Distributor/Integrator SolarNet LLC
ITOCHU Corporation has agreed to acquire the business of SolarNet LLC, a solar energy solutions provider that includes DC Power Systems, the largest privately-held wholesale distributor of solar energy systems in the US, and Stellar Energy Solutions.
New Mexico Governor Signs Series of Renewable Energy Bills
The new legislation includes several measures specifically targeting solar energy.
PA Financing Authority Approves Solar Incentive Progra
Under new guidelines approved by the Commonwealth Financing Authority, Pennsylvania businesses, economic development organizations and political subdivisions can now apply for a share of a new $80 million program for solar energy, according to Gov. Edward G. Rendell, D-Pa.
SRS Energy Teams with US Tile on Solar Roofing
SRS Energy has forged a partnership with US Tile to offer the first seamless solar roofing upgrade for premium curved roofing systems.
UTILITY INDUSTRY & REGULATORY NEWS
Tariff Would Help Hawaii Achieve Green Goals
Hawaii is poised to become the first state in the nation to adopt a FIT similar to Germany’s. The policy is currently under consideration by the Public Utilities Commission.
FINANCIAL NEWS & MARKETS
Schneider Power to Restate Financial Statements
Schneider will be restating its audited consolidated financial statements for the years ended December 31, 2005, 2006, and 2007.
INTERNATIONAL NEWS
China takes Steps to Rebalance its Solar Industry
The Chinese solar power industry is a case in point, reflecting (no pun intended) China’s unhealthy dependence on exports and the prospects for renewed growth as the Chinese government adjusts its model for economic growth.
Solar Incentives: Could Ontario Be the Next Germany
The introduction of Ontario’s Green Energy Act, modeled after the successful German Feed-in Tariffs, is expected to fuel rapid growth in the clean energy market in Ontario.
Trina Solar Supplies Italy’s Largest Rooftop Installation
Trina today announced the completion of a 4.7MW photovoltaic facility developed by ErgyCapital at the end of February, 2009.
