Sometimes you win: the pv magazine USA week in review
This week we saw policy wins in California and New York City, as well as some good signs from Nevada and a promising policy in Massachusetts – not to mention documentation of a big fall in solar costs.
SolarCity raises another $347 million, switches CFOs
Tanguy Serra will be stepping down from his post as president as well at the end of the year.
SoCore outlines deal to buy 22 SunEdison projects in Minnesota
In a filing in the U.S. Bankruptcy Court in the Southern District of New York, the president of SoCore Energy discussed the nearly $80 million deal.
Enphase Energy to trim workforce by 11%, embarks on $20m cost-cutting drive
U.S. microinverter specialist announces restructuring and cost savings initiative that will see the firm reduce its global workforce by around 11% and cut annual operating expenses by $20 million.
8point3 Energy Partners delivers strong & steady Q3 results
Sunpower and First Solar’s joint yieldco beat guidance this quarter, while announcing a significant acquisition and $250 million in additional credit.
Congress launches investigation into use of solar grant and ITC funds
The investigation by a Senate and House committee is looking at whether or not U.S. companies were encouraged to sign leases regardless of the credit-worthiness of signatories, as well as potential inflation of costs to obtain more funding.
Precarious circumstances at TerraForm Power, TerraForm Global
SunEdison’s two yieldcos have released preliminary Q2 results as the companies delay being de-listed and consider taking offers.
Lawsuits attempt to stop Tesla acquisition of SolarCity
An investor has filed for an injunction to stop the merger, in one of the four lawsuits challenging the deal.
New Product Advances Bloom at SPI 2016
A host of new products and new generations of solar solutions are being introduced at Solar Power International 2016, being held this week in Las Vegas. While the list is very long, here are a few of the standout products:
NRG snatches up 2.1 GW of SunEdison projects
The energy giant has put forth the winning bid for SunEdison wind and solar projects at under $0.10 per watt.
