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Solar mandate for new home construction in California provides a boost to the US residential solar industryMay 11, 2018On May 9 2018, the California Energy Commission (CEC) voted to approve measures associated with California’s Building Energy Efficiency Standards that require solar to be incorporated with all new residential homes in the state starting January 1 2020. The standards have been designed to help California meet its goals for reducing greenhouse emissions and attaining a renewable portfolio standard (RPS) of 50% by 2030.
PV inverter suppliers develop digital energy solutionsJanuary 26, 2018SMA announced last week that it would set up a digital energy solution subsidiary named Coneva, a move that is a natural stepping stone to diversifying its business and expanding its customer base. Along with its existing business units such as energy storage, off-grid/hybrid and now a digital solutions company, it has a clear roadmap for 2018 to transition its business to a digital world. This move is particularly pertinent when the PV inverter competitive landscape is still crowded and pure-play PV inverter suppliers such as SMA are trying to gain a competitive advantage over its larger industrial competitors such as ABB, GE, Siemens, Schneider Electric and Huawei. In this insight, IHS Markit aims to explain the meaning behind this move to establish a subsidiary and why they are launching it in Q1 2018.Subscribers Only
Despite uncertainty generated by domestic policy reform, the United States will remain a top 3 global market for PVJanuary 16, 2018IHS Markit recently cut its PV installation forecast for the United States by over 6 GW from 2018 to 2021, primarily due to a weakened environment for utility-scale PV as new import tariffs threaten to negatively impact the economics of such projects. Provided new tariffs are eventually imposed at or around the 30% level proposed by the United States International Trade Commission (US ITC), IHS Markit forecasts the United States will remain a top 3 global market for PV, along with China and India, installing a total of 57 GW from 2018 to 2021.