Renewable Energy, Solar

SolarCity eyes 90 percent increase in installed solar capacity in 2014

By Editors of Electric Light & Power/ POWERGRID International

 

SolarCity eyes 90 percent increase in installed solar capacity in 2014

California-based rooftop solar energy provider SolarCity Corp. said its leadership expects to increase its annual installed capacity nearly 90 percent in 2014.

SolarCity expects to deploy as much as 525 MW of solar photovoltaic installations in 2014 — up from about 278 MW in 2013.

In the company’s business model, SolarCity owns rooftop solar projects and customers agree to long-term contracts to buy and sell the renewable energy.

SolarCity is based in San Mateo, California.