Developments in the Solar Energy Industry

NEW YORK, February 10, 2017 /PRNewswire/ --

According to GTM Research and the Solar Energy Industries Association's (SEIA) the United States solar market shattered all previous quarterly solar photovoltaic (PV) installation records in 2016. About 4,143 megawatts (MW) of solar PV were installed in the U.S. in the third quarter of the year, a rate of one MW every 32 minutes. That pace has become even faster later on, and the fourth quarter is projected to surpass this past quarter's historic total. Solar Integrated Roofing Corporation (OTC: SIRC), Trina Solar Limited (NYSE: TSL), JinkoSolar Holding Company (NYSE: JKS), Enphase Energy Inc. (NASDAQ: ENPH), Sunrun Inc. (NASDAQ: RUN)

"Coming off our largest quarter ever and with an extremely impressive pipeline ahead, it's safe to say the state of the solar industry here in America is strong," said Tom Kimbis, SEIA's interim president. "The solar market now enjoys an economically-winning hand that pays off both financially and environmentally, and American taxpayers have noticed. With a 90 percent favorability rating and 209,000 plus jobs, the U.S. solar industry has proven that when you combine smart policies with smart 21st century technology, consumers and businesses both benefit."

Solar Integrated Roofing Corporation (OTC: SIRC) is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. CEO Dave Massey recently announced the company's support of the non-profit organization, GRID Alternatives.

GRID Alternatives brings together community partners, volunteers and job trainees to implement solar power and energy efficiency for low-income families, providing energy cost savings, valuable hands-on experience, and a source of clean, local energy. Founded during the 2001 California energy crisis by two engineering professionals who were implementing large-scale renewable energy and energy efficiency projects for the private sector, GRID Alternatives' vision is simple; free, clean electricity from the sun should be available to everyone."

Earlier in January, Solar Integrated Roofing announced that they have signed a Letter-of-Intent to acquire a unique specialty subcontracting firm, headquartered in Agoura Hills, California.

The company has developed a stellar reputation for quality work in Los Angeles' most exclusive neighborhoods on the west side, such as Beverly Hills, Bel Air, Hollywood Hills, Pacific Palisades, Malibu and Santa Monica. Specializing in the exterior work on new custom homes and estates, the firm has performed work for many "A-List" luminaries and celebrities, such as Magic Johnson, Cher, Ben Stiller, Dwight Yoakum and Kelsey Grammer. The company's range of services include all manner of waterproofing, custom sheet metal, all types of siding, roofing and exterior carpentry.

Trina Solar Limited (NYSE: TSL) is an integrated solar power products manufacturer and solar system developer based in China with a global distribution network. The Company has integrated the manufacturing of ingots, wafers and solar cells for use in its photovoltaic module production. Its PV modules provide electric power for residential, commercial, industrial and other applications. It also develops, designs, constructs, operates and sells solar power projects that primarily use the solar modules it manufactures. It operates through two segments: manufacturing segment and the solar power projects segment.

JinkoSolar Holding Company (NYSE: JKS) had recently supplied 106.4 MWdc of PV modules to sPower, the largest private owner in the United States of utility-scale solar operating assets. The Solverde 1 solar farm is located in Lancaster, California, in the northern LA County. "At JinkoSolar, we are committed to meeting our partners' tight deadlines," said Nigel Cockroft, General Manager of JinkoSolar Inc. "Being selected by industry-leading sPower as the module supplier for this unique and time-sensitive project strengthens our reputation as a highly dependable module manufacturer."

Enphase Energy Inc. (NASDAQ: ENPH) and Trace Software announced the availability of Trace Software's advanced archeliostm Pro solar photovoltaic software for Enphase installations. Trace Software has incorporated Enphase® Microinverter Systems -- including the M215 and the M250 for both 60 and 72 cells modules -- into archeliostm Pro. "Companies such as Trace Software with permanent R&D investments are driving quality and innovation in the solar value supply chain," said Thierry Viallet, EMEA technical manager at Enphase Energy. "In a competitive industry such as solar, installers strive to differentiate themselves, enhancing their system design capabilities and offering best-in-class technologies. The integration of the Enphase's state-of-the-art module level power electronics system into the archeliostm Pro leading-edge software is a great example of the value provided to PV professionals."

Sunrun Inc. (NASDAQ: RUN) is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems in the United States. The Company is engaged in providing solar energy services and products to its customers. Sunrun has over 111,000 customers across 15 states, as well as the District of Columbia. Sunrun sells directly to consumers over the phone, web and retail stores, as well as through a network of certified partners. It offers various plans and services, such as 'Pay as you go' and 'Purchase your system'. Its Pay as you go offers plans, such as BrightSave Monthly and BrightSave Prepaid. Sunrun's BrightSave Monthly plan comes with both product and workmanship warranty, as well as protection against future utility rate hikes.

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