Bankruptcy

The Attorney General claims these companies misled consumers about residential solar pricing, concealing inflated fees behind the federal tax credit and long-term contracts with low interest rates.

AEE Solar will permanently close its business in May and is selling its inventory at clearance prices.

The residential, commercial, industrial, and agricultural solar installer files for bankruptcy amid troubled macroeconomic conditions for distributed solar nationwide.

Solar Insure told pv magazine USA the financial stability of rooftop solar companies operating in California is in question. Despite this, California reaffirmed recent anti-solar decisions in a recent appeals court hearing.

Also on the rise: Sunlight Financial files bankruptcy, acquired by industry consortium. California is curtailing more solar power than ever before. And more.

The 6.8 MW portfolio is comprised of nine different project locations, including an innovative installation on one of the city’s capped landfills.

A new report from the International Energy Agency stresses the importance of geographically diversifying the global PV supply chain. This would prevent supply chain vulnerability to bankruptcies and underinvestment.

The projects, split across two portfolios, were acquired from BNRG Maine and bring the company’s capacity of acquired and developed community solar projects within the state to more than 92 MW.

A clunky tax credit system keeps vital incentives like the ITC and PTC from working the way Congress intended. Direct pay is the key to ensuring US projects have efficient access to low cost capital with greater certainty by providing cash incentives directly to clean energy projects and project sponsors.

The 16 installations in the portfolio all entered operation between the third quarter of 2018 and the second quarter of 2020, and each has an offtaker contracted for its generation.