The lawsuit alleges that workers were not given the warning required under federal law, and attorneys are additionally enquiring about bounced paychecks.
The inverter giant’s expansion plans are a response to what it says are favorable market conditions. In addition, the company is introducing new products to the U.S. market, including solutions for battery storage.
While the residential solar company has greatly improved its access to capital, its volume installed fell 21% year-over-year.
The EV, solar and battery company has filed to issue $750 million in convertible notes and another one million shares of stock in advance of its Model 3 roll-out.
Staff reductions at both the developer/installer and the finance provider are more evidence of turbulent solar markets in the United States.
Today the final checks to Sungevity workers laid off without notice last week bounced, as the latest problem for the company and its former employees.
IHS Markit’s latest assessment of U.S. solar contractors finds that Blattner outpaced First Solar to take the top spot in 2016.
The tech giant’s online assessment tool for solar potential now covers roughly 60 million buildings, and found that 79% of rooftops are technically viable for solar PV.
Solar industry commentary is echoing state data, which shows that the implementation of net metering 2.0 and time-of-use rates are having a significant negative effect on California’s distributed solar market.
The deal with USBCDC will enable an estimated $200 million worth of solar, and brings Sunnova to over $1.5 billion raised to date.
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