Sonnen secures $70 million from Shell for US, Aus expansion
The battery integrator has already began to draw on the funds as it continues to expand its market presence in the United States and in Australia. Shell Ventures is now a major sonnen investor and and the companies have agreed to future cooperation.
CDPQ takes majority stake in Invenergy Renewables
Invenergy plans to maintain day-to-day management of its renewable energy business, with the Québecois fund manager increasing its economic stake to 52%.
GameChange Solar to provide 350 MW of racking, tracking for Florida projects
The mounting systems maker expects to deliver these systems over the next few months, as Florida’s solar market continues to boom.
Vivint Solar to use LG’s RESU residential energy storage system
The nation’s third-largest residential solar company is rolling out the batteries first in California, with plans to offer them nationwide by the end of 2018.
NEXTracker to supply trackers for 634 MW of First Solar projects
The tracker maker will also supply a new type of racking for the roll out of First Solar’s large-format Series 6 modules.
Jürgen Stein steps down as SolarWorld Americas CEO
As what may be the first sign of many changes, the President and CEO who led SolarWorld through the Section 201 case is being replaced by a restructuring veteran.
Virginia regulators reject Dominion’s 100% renewable energy option
The state’s Corporation Commission has argued that the program as designed would give Dominion “extraordinary discretion” in setting rates.
Vivint Solar grows revenue on lower volume
The residential solar power company continues its focus on higher profits, hinting at strong growth potential in coming quarters as sales teams settle into their new pipelines.
SunPower to exit utility-scale solar development
The company is pivoting to DG solar and expanding its manufacturing as it continues to struggle with profitability.
Wanxiang gets permission to auction off more Suniva assets
The ruling follows on bankruptcy court approval of SQN’s request to sell off its share of Suniva’s tools and assets, in what may be the bitter end of Suniva as a cell maker.
