DC Power Systems Merges With Solar Depot To Create Joint Solar Distribution Firm
DC Power Systems and Solar Depot have integrated to create a single distribution firm for the solar market. Operating as two companies within SolarNet Holdings LLC, DC Power and Solar Depot will together serve more than five thousand renewable energy dealers throughout the Americas.According to the companies, DC Power and Solar Depot will maintain separate brands while offering customers better service, thanks to several process improvements - including significant joint investment in IT infrastructure.The two firms plan to share regional distribution warehouses, open new warehouse locations, offer combined dealer training programs and expand relationships with solar manufacturing partners.
All new U.S. electrical generating capacity put into service in July came from renewable energy sources, according to the latest Energy Infrastructure Update report from the Federal Energy Regulatory Commission (FERC).Citing the FERC statistics, renewable energy advocacy group the SUN DAY Campaign says 379 MW of wind, 21 MW of solar and 5 MW of hydropower came online in the month.For the first seven months of this year, renewables have accounted for more than half (53.8%) of the 4,758 MW of new U.S. electrical capacity that has entered service, with solar (25.8%) and wind (25.1%) each accounting for more than a quarter of the total.
In addition, biomass provided 1.8%, geothermal 0.7% and hydropower 0.4%.As for the balance, natural gas accounted for 45.9%, while a small fraction (0.3%) came from oil and "other" combined. SUN DAY notes that there has been no new electrical generating capacity from either coal or nuclear thus far in 2014.Renewable energy sources now account for 16.3% of total installed operating generating capacity in the U.S.: hydro - 8.57%, wind - 5.26%, biomass - 1.37%, solar - 0.75%, and geothermal steam - 0.33%."This is not the first time in recent years that all new electrical generating capacity for a given month has come from renewable energy sources," comments Ken Bossong, executive director of the SUN DAY Campaign. "And it is likely to become an ever more frequent occurrence in the months and years ahead."
SolarCity, a national provider of solar power system design, financing, installation, monitoring and related services, and financial services company Citi have launched a new fund to finance $40 million in residential solar projects this year.This is the first collaboration between SolarCity and Citi, and Citi's first investment in residential solar power, the companies note. SolarCity will use the new fund to provide SolarLease options to homeowners who install solar panels on their homes.
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