Tesla successfully acquires major solar energy developer SolarCity

Tesla has finalized its deal to acquire SolarCity Tesla Motors has successfully finalized its acquisition of SolarCity, a leading solar energy developer. Elon Musk, who chairs both Tesla and SolarCity, has been attracting attention to this deal for some time, claiming that it will be a major step forward for the solar energy sector in the United States. Shareholders approved of the deal by an overwhelming margin. The deal is valued at approximately $2 billion and it will allow Tesla to integrate SolarCity’s technology into its operations. Moreover, SolarCity will…

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Scientists develop new technology to efficiently store solar energy as hydrogen fuel

Stanford scientist have made major progress in solving solar power’s storage problem Scientists from Stanford University have reached a new milestone in producing and storing the electricity generated by solar energy systems. Solar power has vast potential, having proven in the past that this form of clean energy can provide abundant electricity when it is needed. The problem, however, is that storing this electricity has proven to be quite difficult, which has made solar energy less attractive when compared to other forms of power. The scientists from Stanford believe that…

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MIT researchers seek to understand price reductions in solar energy

MIT research team awarded $1.3 million grant through SunShot Initiative Researchers from the Massachusetts Institute of Technology (MIT) have been awarded a $1.3 million grant from the Department of Energy’s SunShot Initiative. The grant will be used to fund the study of why the cost of solar energy has been going down so rapidly. The study will also determine how costs will continue to fall in the future. The solar sector has been experiencing tremendous growth in recent years, and this is partly due to the falling cost of photovoltaic…

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Louisiana reaches funding cap for solar energy systems

Department of Revenue reports that the funding limit has been reached for state’s solar tax credit program The Louisiana Department of Revenue has released a report noting that the claims submitted by those seeking to take advantage of the state’s solar energy system tax credit exceeds the amount of money available. This program is meant to provide financial compensation for those that have purchased photovoltaic systems. Initially, the program was slated to come to an end in December of 2017. Solar power has proven to be very attractive to homeowners,…

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California solar energy systems set a new power generation record

Large-scale projects help California reach a new energy milestone Utilities in California have managed to break their old solar energy generation record last week. The California Independent System Operator (ISO), the state’s largest energy grid operator, announced that the energy produced by large solar energy systems was enough to power 2 million homes. The Solar Energy Industries Association has praised the milestone, which has further shown that California has established itself as a leading market for solar power. The state’s solar capacity and generation is expected to grow as more…

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A solar rental system may solve Nigeria’s energy woes

New payment structure for solar energy could accelerate the adoption of clean power in Nigeria Renewable energy in Nigeria could benefit from a pay-as-you-go structure. Nigeria, one of Africa’s largest economies, is home to a notoriously unreliable energy grid. Approximately only 18% of working grid connection are reliable. The demand for electricity has been growing throughout the country, but many people are being forced to generate their own energy. This means that many people have had to rely on expensive gasoline generators, but solar energy systems can resolve this issue.…

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Tesla aims to acquire SolarCity to promote solar energy systems

Tesla Motors has made an offer on SolarCity Elon Musk is setting to bring Tesla Motors and SolarCity closer together. Tesla Motors has made a $2.8 billion stock-to-stock offer for SolarCity, which is one of the largest and most successful solar energy providers in the United States. Elon Musk is one of the founders of SolarCity and is currently serving as a chairman for the company. Musk is also one of the founders of Tesla Motors and believes that both companies should share a closer relationship. SolarCity could give electric…

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Solar energy may have an impact on the climate

Study suggests that solar energy could have a role to play in climate change Solar energy has been growing in popularity in the United States, as well as in other countries, but large-scale solar power systems may actually be contributing to climate change to some degree. These energy systems have been praised for their environmentally friendly nature, helping offset the amount of carbon emissions that are being produced throughout the world. A new study from the National Center of Atmospheric Research, however, suggests that these energy systems may have some…

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Floating solar power station goes online in Japan

A recently launched solar energy plant in Japan floats on a water reservoir. After its completion in May, a solar power station that has been built on top of a reservoir in Hyogo prefecture, has begun operation and is the third floating station of its kind built by electronics company Kyocera, which intends to build dozens of these stations on reservoirs around the country, especially in regions where there is not enough land to build a utility-scale plant for solar energy generation. Kyocera is one of the largest vertically-integrated producers…

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Principal Solar to build 78 MW solar energy project in North Carolina

Principal Solar will be building a utility-scale solar project in North Carolina Principal Solar, a solar energy company based in Texas, has announced that it will be developing a new, utility-scale solar project in Hope Mills, North Carolina. The project will cost approximately $173 million to develop. Principal Solar notes that there has been a 40% decrease in the cost of solar technologies over the past few years, making solar project more financially viable. The project is expected to be one of the largest of its kind in the eastern…

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Solar energy could make parking lots more eco-friendly

Solar carports would make excellent use of empty space. There are many open parking lots in the average city and some believe that building solar carports in these open parking areas would serve a multipurpose function that would include covering cars, generating renewable electricity via solar energy, and giving an otherwise grey and empty space aesthetic appeal. Solar parking lots could help prevent the environmentally damaging cycle of heat energy. According to Haley Gilbert, a Researcher at the Lawrence Berkley Laboratory, 35 to 50% of the total surface area in…

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New solar energy system installed in the US ever 2.5 minutes

Report notes that a new solar power system is installed in the US every 2.5 minutes on average GTM Research has released a new report concerning the growth of solar energy in the country. Solar power has been growing quickly in the country over the past few years, powered by investments being made by the private and public sectors. Within the residential sector, solar power has been growing particularly quick, thanks to incentives being offered by state governments that want to reduce the consumption of fossil-fuels and other forms of…

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Solar energy company expands to Hawaii

Hawaii is now an open market for SolarCity and the company’s solar power products and services SolarCity, a leading provider of solar technologies, has announced its expansion to Hawaii Island, the largest island in the U.S. Hawaii has become a strong advocate for renewable energy, particularly solar power. Clean energy is becoming an attractive option for the state because it relies heavily on fuel imports in order to produce its own electrical power. The economic prospects of solar power are often lauded in the state and consumers and businesses alike…

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Solar energy could be transformed by glass sphere

Futuristic solar power collectors turn light into electricity. Rawlemon, a German-Spanish startup based out of Barcelona has developed solar energy technology that the company claims is extremely effective at transforming light into energy, so much so that it can even make use of moonbeams and windows in office buildings. Spheres are used to capture light from the sun. Instead of using the typical flat panels to collect the sun’s rays, Rawlemon’s spherical solar concentrating system uses a glass ball to convert light into an electrical current. Naturally, this gives them…

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Solar energy firm unveils new solar panels comprised of black silicon

Jinko Solar has a new solar panel that it claims is highly efficient Jinko Solar, a leading manufacturer of solar cells and photovoltaic modules, is prepared to launch a new line of solar panels that are comprised of black silicon. The company suggests that these new solar panels are highly efficient and capable of increasing the energy production of any solar energy system that makes use of them. When it comes to solar power, efficiency has been a longstanding challenge that has been difficult to overcome. Companies like Jinko Solar…

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Company turns to individuals and small groups to fund solar energy endeavors

SolarCity looks to tap into new investment resources for the future SolarCity, a leading solar energy developer in the U.S., is seeking out new investors. The company has made impressive growth over the past few years, breaking new ground in markets around the world and finding success in making solar power more available to a wider range of people and businesses. Now, the company is looking to sell securities directly to individuals and small groups that are interested in the way it delivers solar power and its associated technologies. Leasing…

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