1. Home
  2. Americas
  3. Solar Installations Grow at Rapid Pace
Solar Installations Grow at Rapid Pace

Solar Installations Grow at Rapid Pace

35
0

NEW YORK — According to data provided by Solar Energy Industries Association (SEIA), The U.S. installed 2,387 megawatts (MW) of solar PV in Q2 2017 to reach 47.1 gigawatts (GW) of total installed capacity, enough to power 9.1 million American homes. This represents an 8% increase over the same quarter last year, and the industry is poised to install more than 12 GW of solar capacity before the end of 2017. SEIA also indicates that all three U.S. solar market segments – commercial, residential and utility-scale – experienced quarter-over-quarter growth in Q2. The U.S. installed 2,044 MW of capacity in Q1. The non-residential and utility-scale market segments also posted year-over-year growth. Solar Integrated Roofing Corporation (OTC: SIRC), Sauer Energy Inc. (OTC: SENY), SPI Energy Co., Ltd. (NASDAQ: SPI), Sunworks, Inc. (NASDAQ: SUNW), Enphase Energy, Inc. (NASDAQ: ENPH)

“This report shows once again that solar is on the rise and will continue to add to its share of electricity generation,” said Abigail Ross Hopper, SEIA’s president and CEO. “Last year, solar companies added jobs 17 times faster than the rest of the economy and increased our GDP by billions of dollars. We are going to continue to fight for policies that allow the industry to continue this phenomenal growth.”

Solar Integrated Roofing Corporation (OTC: SIRC) on October 31st CEO Dave Massey commented on recent data for the California and U.S. Solar Market.

“California is the largest market for residential photovoltaic solar installations,” said Massey. “Total installed U.S. solar PV capacity is expected to nearly triple over the next five years. By 2022, over 17 GW of solar PV capacity will be installed annually. With our recent acquisitions and our deal with the large national home improvement chain, SIRC is poised to take advantage of this burgeoning market.”

Last year, solar ranked as the No. 1 source of new capacity additions. Building off that momentum, solar accounted for 30% of all new electric generating capacity installed in the U.S. in Q1 2017, ranking as the second-largest driver of capacity additions across all fuel types.

“In California, PG&E and SDGE utility companies have petitioned for rate increases,” added Massey. “Solar has never made more sense than right now.”

Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company, delivers smart, easy-to-use solutions that connect solar generation, storage and management on one intelligent platform. On September 19th, the company announced that it has partnered with Waaree Energies Limited, India’s largest Tier 1 solar panel manufacturer. “Enphase Energy is the first global microinverter technology company to partner with Waaree to integrate our technology onto their solar modules,” said Nathan Dunn, managing director of Enphase Asia-Pacific. “This is a truly exciting opportunity as it will allow us to extend our presence in India with a market leader in solar modules. Enphase and Waaree share the same philosophy of delivering solar solutions built on innovative technology and quality. Together, we will work toward delivering more affordable solar power to commercial and residential customers in India.”

Sauer Energy Inc. (OTCQB: SENY) Earlier this year, the company announced that they have entered into a strategic alliance with North Wind Power, Inc., (NW), a Canadian Corporation, located in Newfoundland and Labrador, Canada. In addition, the company’s Sauer Energy also reported on its first partnership with one of the largest alternative energy contractors in the south-west, Joe Moore, of Wind Sun Energy Systems (WSES), in Carlsbad, California, in business since 1980. Wind Sun Energy Systems is a renewable energy company that specializes in solar and wind electric production for homes and businesses.

Sunworks, Inc. (NASDAQ: SUNW) is a premier provider of high performance solar power systems. Recently, the company announced a new, 521 kW solar and battery construction for Angelus Temple in Los Angeles. Angelus Temple is the founding church for the International Church of the Foursquare Gospel (ICFG), which now has operations in every state in the United States and many countries around the world. ICFG, with support from the Foursquare Foundation, and in partnership with Renu Energy Solutions as the solar developer, selected Sunworks to develop a hybrid solar and battery system to enable the church to achieve energy independence and environmental sustainability. The Foundation made special mention of the invaluable partnership with Robert Espinosa and Matthew Cassey of Sunworks’ Southern California office.

SPI Energy Co., Ltd. (NASDAQ: SPI) On September 25, 2017, the company announced that SP Orange Power (Cyprus) Limited, a subsidiary of the Company, has entered into a framework share purchase agreement dated as of September 20, 2017, pursuant to which the above subsidiary will acquire 100% equity interests of three Greek companies, namely THERMI SUN S.A, HELIOHRISI S.A., and HELIOSTIXIO S.A., from THERMI TANEO Venture Capital Fund, for a total consideration of EUR €16.65 million, subject to certain adjustments. These three companies own a total of four PV plants with 7.4MWp PV installations in northern Greece.

About FinancialBuzz.com

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated three thousand five hundred dollars for financial news dissemination and PR services by a non-affiliate third party for solar integrated roofing corporation. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com

Source: FinancialBuzz.com
Anand Gupta Editor - EQ Int'l Media Network

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *