TerraForm Global clears way for sale of SunEdison India and Uruguay assets
SunEdison yieldco has consented to the third party sale of the bankrupt clean energy developer’s 425 MW Indian solar portfolio and further assets in Uruguay. Firm will receive a portion of the proceeds.
SunPower subsidiary suing SolarCity for IP theft
Case by Cogenra Solar and Khosla Ventures filed in San Francisco yesterday accuses SolarCity and its subsidiary Silevo of misappropriating trade secrets concerning shingling technology. SolarCity refutes case, and alleges trade-secret theft of SunPower employee.
New York City sets new goals for solar and energy storage
In addition to the new 1 GW for solar target and the 100 MWh storage goal, the De Blasio administration is claiming significant reforms at Department of Buildings.
Massachusetts reveals draft of new solar incentive program
The proposed policy to follow SREC-2 will feature a bonus paid per kilowatt-hour delivered, through a declining block grant schedule. Details have not been finalized at this time.
200 MW Tranquility solar project begins operation in California
The huge utility-scale site was developed by Canadian Solar subsidiary Recurrent Energy and is majority owned by U.S. utility Southern Power, representing a rare new PV development of this scale in the U.S. as the trend shifts away from such large solar constructions.
TerraForm Power, Global in talks with SunEdison over more than $3 billion in claims
The two yieldcos are hoping to resolve suits with their sponsor, while they look for buyers.
Verengo Solar files for bankruptcy, will sell solar assets to Crius Energy
Using Section 363 of Chapter 11 bankruptcy laws, the troubled California solar installer hopes to regain its position as a major installer in California as well as expand nationally
Idaho puts online its first large solar project at 40 MW-AC
It’s the largest PV project in Idaho to come online to date, but has received little press.
SnapNrack Hits 1 GW of U.S. Deployment
SnapNrack, a unit of Sunrun, announced that it has hit the 1 GW mark for total deployed solar mounting systems.
Enphase Energy to trim workforce by 11%, embarks on $20m cost-cutting drive
U.S. microinverter specialist announces restructuring and cost savings initiative that will see the firm reduce its global workforce by around 11% and cut annual operating expenses by $20 million.
