solar power News

EU Cautions Against Trade Measures to Support Solar Sector

The European Union needs to take into account its ambitious targets for solar power deployment before it considers any measures to curb imports of photovoltaic panels, wafers and other components, a senior EU official said on Monday. European Commissioner Mairead …

Baseball-Size Hail Makes Insuring Solar and Wind Farms Pricier

The Scottsbluff solar farm in western Nebraska was built to withstand most hailstones. But the icy pellets that rained down in late June were bigger than baseballs. The hail — part of a larger pattern of severe storms, heat and …

kWh Analytics Reveals Top Challenges in Solar Industry Risk Management

Demand isn’t an issue for the solar industry. The challenges lie with fulfilling demand with more skilled labor, more technology, and more sites. While the Inflation Reduction Act (IRA), a freeze of potential tariffs, and more robust supply chains have …

G-7 Ministers Set Big New Targets for Solar Power and Offshore Wind Capacity

SAPPORO, Japan — The Group of Seven rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward a quicker phase-out of fossil fuels. But …

South Korean Firm Hanwha Plans $2.5B in Solar Panel Plants in Georgia

A South Korean solar panel maker will invest more than $2.5 billion to build factories in Georgia, hiring 2,500 new employees and making components usually manufactured outside the United States, the company announced Wednesday. Qcells, a unit of Hanwha Solutions, …

Union Mutual Invests in Vermont Solar Project

Union Mutual Insurance Co. recently announced its participation in community-owned solar project under development by the Acorn Renewable Energy Co-op of Middlebury. As the sole Series A member investor, Union Mutual has provided roughly one-third of the capital to construct …

Rooftop Solar Boom Continues: Florida Governor Vetoes ‘Net Metering’ Bill

A boom in rooftop solar panels in Florida is likely to continue after Gov. Ron DeSantis vetoed a bill that would have essentially barred homeowners from selling power back to utility companies. The exponential growth in Florida’s solar industry in …

AXA Joins Growing List of Companies Committed to Using Renewable Energy

AXA SA and Burberry Group Plc are joining an array of companies committing to going green. Burberry expects to source all of its electricity from clean energy by 2022, while Copenhagen-based international brewing company Carlsberg A/S plans to switch to …

ProSight Specialty, NABCEP to Offer Program for Certified Solar Professionals

ProSight Specialty Insurance has partnered with the North American Board of Certified Energy Practitioners (NABCEP), a provider of renewable energy practitioner certification, to launch an insurance offering for NABCEP certified solar professionals. The organizations have collaborated to promote NABCEP certification …

Munich Re in ‘First-time’ Guarantee of Solar Modules in France

Munich Re announced that it has agreed to guarantee the performance of solar modules in France for the first time. The reinsurer will be working with industrial insurance broker Filhet-Allard and solar manufacturer Solairedirect, who have “jointly launched a new …