Modules & Upstream Manufacturing

Canada-based Silfab Solar has invested US$40 million in U.S. solar PV module manufacturer, Itek Energy, LLC’s Bellingham, Washington production facility.

The company’s shares have returned to a level slightly above where they were prior to the August 7 announcement.

By double stacking a perovskite-silicon solar cell and using the cell in a glass-on-glass bifacial solar module, scientists model that a 30-36% efficient solar module can be attained.

The PV maker plans to pay off the high-interest mezzanine loan with revenue from its residential lease portfolio.

The Italo-Canadian PV maker is the latest company to announce U.S. manufacturing plans, and will also add 150 MW of back contact module capacity at its Canadian facilities

Elon Musk has revealed that a Saudi sovereign wealth fund has approached him with a definite offer, and has announced advisors as the company forms a special committee.

The deal gives SunPower $25 million in cash and 7.5 million shares in Enphase. Enphase also gains access to SunPower microinverter IP, and rights to SunPower’s Equinox AC modules line.

The company has declined to reveal further information about the facility.

DNV GL reveals how important it is that solar power project developers consider the full solar module bill of materials when choosing a product.

Elon Musk says he’s secured funding at $420 per share to take Tesla private. His letter to employees points toward short sellers and propaganda peddlers causing stock price volatility.