Crowd-Funded US Rooftop Solar May Reach $5 Billion in Five Years
Crowdfunding may give the rooftop solar sector $5 billion worth of investments within five years, more than 50 times the amount raised to date. A growing number of rooftop solar developers are soliciting funds directly from retail investors, often through websites that tap huge numbers of small contributions. This so-called crowdfunding model has fetched almost $100 million in the U.S. to date, says Tim Newell, vice president of financial products for SolarCity Corp. After careful perusal and a lot of time spent talking with investors, Newell says that surprising amounts of assets will move through the channel within the next few years.
U.K. Risks Power Outages Without Supply From Scotland
Scottish First Minister Alex Salmond would risk power outages without supplies from his region. Salmond pointed out that Scotland exports a substantial amount of electricity to the U.K., without it, England’s 2 percent capacity margin would be a minus 2 percent – which translates to power outages. The comments were meant to blunt the suggestion that investments in Scotland’s power industry is in jeopardy because of the chance that voters there opt for independence in a referendum scheduled for September.
JA Solar Considering US Cell Factory Amid Trade Disputes
JA Solar Holdings Co., the third-biggest solar-cell maker in the world, is pondering on building a factory in the U.S. or another country as the company seeks to bypass trade sanctions. Though its cost will be very high, the U.S. is the main place being mulled, says President Xie Jian. Chinese solar-panel manufacturers are looking to manufacture overseas as trade disputes threaten exports because of the anti-dumping law imposed by the U.S. in 2012 where duties of as much as 250 percent on solar cells coming from China can be imposed.
Africa is the ‘Next Big Place’ for Clean Energy, Says Enel
Enel Green Power SA, a clean energy company majority owned by Italy’s biggest utility firm, sees Africa as the next big place for renewable energy as it seeks to expands in markets with faster growth in power demand. The Rome-based firm currently operates in 16 countries and is expanding its reach its reach in South Africa and Morocco and intends to enter Egypt and Kenya in the next five years. Operating about 8.9 GW of hydroelectric, wind, solar and alternative power plants, Enel Green Power is looking to spend about 73 percent of the 5.4 billion euros it has set aside for growth in emerging markets.