The formerly bankrupt and since reborn residential solar company abruptly laid off nearly 400 workers yesterday. For the third time in company history, a significant portion of the workforce was laid off with no warning. Now Sungevity’s future is uncertain – yet again.
With the scope of global turmoil caused by Covid-19, tax equity, the predominant vehicle for solar project financing will slow down considerably. What options will arise to replace tax equity, and how will they shape the different branches of development?
Also in the brief: Brookfield Renewable Partners and TerraForm Power are set to become one, Diversified Communications acquires Energy Storage North America, 4.3 MW have been proposed in Ellsworth, Maine and more.
A new report released by BankTrack, Oil Change International, Sierra Club and others takes a look at the trends in fossil fuel financing by the worlds top banks since the signing of the Paris Climate Agreement, grading each on the strength of their anti-fossil policies and habits.
You know the bad news. Here are five takeaways from the pre-COVID-19 U.S. solar industry. As for how the coronavirus will impact 2020 foreacasts, supply chains, component costs and project timelines, stay safe and stay tuned.
The Carbon Tracker Initiative crunched some numbers and discovered that more than half a trillion dollars worth of coal investments are at serious risk due to the declining cost of renewables.
“Electricity providers will have to treat renewable energy customers as cost-conscious customers once these customers can look at data across the board.”
Also in the brief: Powerhome named to Fast Company’s ‘Most Innovative Companies’ list, a Colorado town goes 100% renewable municipal electricity from a solar installation, a Minnesota couple wins a $50,000 prize for a module heating solution and more.
It’s not the next lithium-ion battery breakthrough that’s going to accelerate the energy storage industry. It’s not the next inflated promise from a flow battery startup, compressed-air scheme, solid-state battery research project or energy storage dream funded by Bill Gates.
The nation’s largest residential solar company installed 117 MW in Q4, reaching a total customer base of 285,000, all while bringing creation costs lower than they have ever been.
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