Business

No, Rupert Murdoch’s son will not be running the world’s largest EV maker.

RGS Energy says it expects to deliver its first POWERHOUSE solar shingles in December. The company did not accept deposits for its $127 million in written reservations, but now that UL approval is in they’re soliciting those groups for cash deposits.

Enphase’s 3rd quarter results saw revenues at $78 million with an estimated $10 million sales shortfall due to a component shortage, as the company shipped 204 MW of inverters. Future speculation saw an international play on the IQ8, the SunPower partnership, and energy storage driving growth.

Initiative Measure No. 1631, a tax of $15/ton on carbon pollution, was rejected 56-43% on almost 2 million votes. It was the most expensive ballot measure ever in the state with over $46 million in advertising dollars spent.

Esdec has acquired EcoFasten Solar, which it says gives it access to a large ecosystem of installers and distributors. The European racking manufacturer launched its US offensive earlier this year.

The Kroll Bond Rating Agency delivered an Investment Grade preliminary rating on a SunPower residential lease portfolio of 317 MW. The P50 and P90 ratings after 20 years were projected near 90%, and 73-80%, respectively.

SunPower and Hannon Armstrong have entered into a joint venture to acquire, own, manage, operate, finance, and maintain a portfolio of residential solar pv systems currently or expected to be installed, working with potential tax equity partners.

Dominion Energy has closed on a private round of bonds whose purpose is to cover the utility’s investments in 20 solar projects totaling 574 MW-AC, all of which hold long term contracts.

EDF Renewables has gotten final approval from the Bureau of Land Management to move forward on its 500 MW-AC / 627 MW-DC solar power facility in Riverside County, California.

In a slow global solar market, SolarEdge grew total shipments 44% year-over-year, expanded its presence in the C&I market, and grew global sales. Margins did slip, and growth rates were slower.