Today one of the biggest names in the residential solar industry has returned: Sungevity. Solar Spectrum, which was created from a bankrupt Sungevity’s assets, has announced that it officially merged with residential installer Horizon Solar Power on August 17.
The combination of the two companies will revive the Sungevity brand, an orange presence in the solar landscape which was the fourth-largest residential installer in the United States before going belly up this spring, with unpaid employees and angry customers notified by email.
The new Sungevity states that it will also be the nation’s fourth-largest residential solar installer, and the second-largest in California. pv magazine was unable to independently verify this market position by press time.
Horizon CEO Frank Kneller will serve as the CEO of the combined business, which will have a new leadership team. According to Solar Spectrum, the merger was arranged by Solar Spectrum’s shareholders, led by majority owner Northern Pacific Group, which snatched up Sungevity’s assets in a bankruptcy court-approved sale in April.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.