Oaktree Capital reported to buy $400 million of Sunnova debt
The troubled residential solar installer issued a going concern warning earlier this month.
Sunnova’s future in question
Sunnova Energy International, a residential solar installer, said its cash flow is not sufficient to meet obligations and fund operations.
Solar industry thought leaders predict the future
2025 will be a turning point for the U.S. solar industry, according to the industry leaders who shared their predictions with pv magazine USA.
U.S. solar industry on track to install 250 GW in five years
According to the U.S. Solar Market Insight Q3 2024 report, in the two years since passage of the IRA the solar industry has added 75 GW of new capacity to the grid, representing over 36% of all solar capacity built in U.S. history.
End of the line for a U.S. solar giant
SunPower, one of the largest, oldest, and most influential solar businesses in the United States, has closed its doors. Residential solar installers in the United States have struggled as interest rates have risen and cash generation has emerged as an issue.
Sunrise brief: Residential solar installer Lumio files for bankruptcy
Also on the rise: Trinasolar US displays 2000 V module, trackers, energy storage and more. U.S. DOE announces $125 million to fund two Energy Innovation Hubs. And more.
Residential solar installer Lumio files for bankruptcy
The company serves markets in the U.S. West, Southwest and Southeast. It filed Vhapter 11 bankruptcy to finalize its sale process.
Maxeon to offer warranty support for bankrupt SunPower
After closing its business, eligible SunPower customers will have their warranty supported by Maxeon.
Sunrise brief: SunPower goes bankrupt
Also on the rise: Harris names clean energy advocate Governor Tim Walz as VP pick. Atlanta Motorsports Park goes solar. And more.
SunPower goes bankrupt
The residential solar installer has filed for bankruptcy, among the largest in a series of major bankruptcies in the industry.
