LONDON, October 18, 2017 /PRNewswire/ --
According to data published by Advanced Energy Now, the Advanced Electricity Generation segment was the second
largest advanced energy segment in the United States and reaching $52.2
billion in 2016, while experiencing 8% year-over-year growth. This segment is led by Solar, Wind, and Gas Turbines, which
represents over a quarter of the U.S. Advanced Energy market. Crystal Market Research indicates that the solar rooftop
market is anticipated to reach about USD 4.14 billion by 2022 and growing at a significant compound
annual growth rate (CAGR) of 9.70% during the forecast period. Solar rooftops, particularly in residential application is
propelling this market further. North America is accountable for major market share in the global segment of solar rooftop
owing to fast adaptation of the Third-party ownership model. Solar Integrated Roofing Corporation (OTC: SIRC), Sunworks
Inc (NASDAQ: SUNW), TerraForm Global Inc (NASDAQ: GLBL), JA Solar Holdings Co., Ltd. (NASDAQ: JASO), Sunrun Inc (NASDAQ:
RUN)
"It would be hard to overstate how impressive 2016 was for the solar industry," said Abigail Ross
Hopper, president and CEO of the Solar Energy Industries Association. "Prices dropped to all-time lows, installations
expanded in states across the country and job numbers soared. The bottom line is that more people are benefitting from solar now
than at any point in the past, and while the market is changing, the broader trend over the next five years is going in one
direction - and that's up."
Solar Integrated Roofing Corporation (OTC: SIRC) announced breaking news yesterday that, "they have entered
into a national agreement with TPO, third-party-ownership and finance company, to enhance their financing options for their solar
and roofing customers."
"Bottom line, we have basically eliminated any financial roadblocks for our customers to go solar. This agreement will make
our expansion into new areas much easier and more streamlined," said CEO Dave Massey. "Under these
types of arrangements, a resident or business hosts a renewable system that is owned by a separate investor."
The company is working with Sunrun and offering their financing to all of Solar Integrated's clients. The homeowner simply
pays a low, locked-in rate for the power that's produced, typically saving 20% on their electric bill.
"This arrangement helps us expand our footprint," added Massey. "Electric utility companies have sent letters to consumers
recently, warning of California-Mandated High Usage Charges going into effect next month. These surcharges can dramatically
increase electric bills. Our range of financing and TPO options now makes it easy for our customers to decide to go solar,
because in every case, they will be saving money from day one. It simply makes no sense to not go solar."
Sunworks Inc (NASDAQ: SUNW) announced recently a new, 521 kW solar and battery construction for Angelus Temple in Los Angeles. The project, which was awarded to Sunworks on
September 25, 2017, will be managed entirely by Sunworks and will assist Angelus Temple by eliminating over $100,000 in annual electricity costs while
also eliminating the impact of inflationary energy costs. The savings realized will allow funds to be used for greater impact
within the community it serves. Sunworks' Chief Executive Officer, Chuck Cargile, said, "We're
excited to partner with Foursquare to develop a sustainable energy plan that optimizes their energy savings. Angelus Temple has a long history in Los Angeles and we are pleased to assist
them in achieving their sustainability goals and drive greater cost savings."
TerraForm Global Inc (NASDAQ: GLBL) is a renewable energy company. TerraForm serves a wide range of utility,
commercial, industrial and government customers through diversified energy production with 40+ projects across 70+ sites in the
world's largest emerging markets. The company's projects are supported by Power Purchase Agreements with creditworthy
counterparties, with an average remaining life of 19 years.
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) in August announced that it won the contract to supply 50 MW(AC) of modules
for the country's first utility-scale solar project in Malaysia. Located in Sabah, the 50MW utility-scale inaugural project marks a significant milestone in solar energy development in
Malaysia, which has gained lots of attentions from Ministry of Energy, Energy Commission, Sabah
Electricity and senior government officials. Cao Bo, JA Solar's Vice President commented, "We are
excited to partner with one of our largest customers, SPIC, again in an overseas market. We believe this win demonstrates our
value proposition and technical innovation with high-performance solar modules. We have invested USD163
million in our Penang, Malaysia manufacturing operation to produce poly and mono cells
with the annual capacity of 1000MW. From the China-Malaysia
relationship standpoint, investing in manufacturing facilities and sharing our technical expertise in Malaysia, a rapidly growing market, remains our top priority. Additionally, we look forward to serving our
global partners and customers by providing the highest-quality solar products and services."
Sunrun Inc (NASDAQ: RUN) recently announced that together with Givepower will partner with firefighters to deliver
dollar and water systems to puerto Rico. The effort, which was coordinated on the ground in partnership with San Juan fire chief Alberto Cruz and Las Vegas fire captain Richard Birt, includes
the delivery and installation of solar-powered micro-grids at two fire stations on the island, as well as the deployment of three
solar-powered water desalination systems, five innovative water production systems, and three portable solar-powered units to
remote communities on the island.
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