Soltage, Basalt acquire 57 MW of PURPA solar projects in North Carolina
The projects are expected to begin construction in May 2017, as Duke chafes under the growing PURPA pipeline in the state.
Tesla scales down solar deployment in Q1, readies Solar Roof
The first full quarter since Tesla’s acquisition of SolarCity shows a 30% fall in watts of solar deployed, as the company focuses on preparations for the roll-out of its Solar Roof and Model 3 electric vehicle, including expanded battery production.
First Solar reports strong Q1 results as it readies for Series 6
First Solar brought in a net profit on the sale of a major solar project, as it orders tools and prepares for the switch to its large-format series 6.
SolarWorld reports shipment growth in first quarter
The German-American module maker shipped 382 MW in the first three months of this year. The company’s plan to focus on monocrystalline PERC products is being implemented according to schedule.
NRG continues moving into solar during Q1
Despite a challenging financial environment, NRG continues its solar expansion, including an increasing presence in community solar.
BREAKING: HelioPower files for Chapter 11 bankruptcy
The case, filed in U.S. Bankruptcy Court for the District of Nevada, shows the California installer has liabilities of up to $10 million, owed to up to 5,000 creditors.
Out of Sungevity’s ashes, Solar Spectrum will rise using its assets and employees
The wind down of the former fifth-largest residential solar installer continues as its new owner purchases some of its contracts and promises to hire “a substantial majority” of the bankrupt company’s employees.
Wacker says market environment for polysilicon is difficult
The German chemical company has said in its preliminary results for the first quarter of this year that polysilicon prices dropped significantly over the past weeks. Overall, the company expects to see its profits grow in 2017.
Trump tax cuts could hit solar project finance
A proposed cut in the corporate tax rate to 15% could sharply reduce the flow of tax equity into solar projects.
Sunnova uses portfolio to secure $615 million in funding
With the help of Credit Suisse, the residential solar company’s lease/PPA portfolio allowed it to close one of the largest funding rounds in the asset-backed securities market.
