Suniva files for chapter 11 bankruptcy
Two weeks after laying off 131 employees without notice and closing its module plant in Michigan, one of the largest U.S. solar manufacturers has filed for bankruptcy.
Spruce Finance may be headed to a sale
The distributed solar and energy efficiency finance provider has neither confirmed nor denied that Goldman Sachs’ involvement involves a potential sale of the company.
OneRoof kicks CEO to curb as it settles arbitration case
To close a terrible, horrible, no good, very bad quarter, the troubled company saw its CEO resign, came to an agreement with a creditor and finally got around to paying (part of) its rent.
Microsoft to bypass PSE, buy renewables on the wholesale market in Washington
The tech giant has agreed to pay $24 million to the utility for the pleasure of circumventing its role.
Albuquerque to install over $25 million worth of solar on city buildings
The announcement builds on Albuquerque’s commitment to get 25% of its energy from solar by 2025.
Fiera Corporation buys shares in up to 921 MW-AC of American wind, solar
The Canadian asset management firm has bought into a D.E. Shaw portfolio of assets in eight U.S. states.
Solar and Tesla shine amid weak Q1 for clean energy investment
BNEF cites financing for a massive solar plant in Mexico and Tesla’s billion-plus capital raise as running counter to the trend of falling clean energy financing during Q1. Investments in distributed solar also rose.
Solar corporate funding activity increases by 100% in Q1, finds Mercom Capital
Total corporate funding across the global solar industry reached $3.2bn in the first quarter of the year, which is a 100% increase on Q4 2016. This rise is largely due to increased debt financing activity, said Mercom Capital Group CEO Raj Prabhu.
First Solar seeking sale of its share in yieldco 8point3 Energy
The Arizona-headquartered solar power company wants to strategically align its resources to support its new Series 6 module, and thus seeks sale of its stake in the joint SunPower yieldco. SunPower reaffirms belief that the yieldco can deliver long-term assets and growth.
Sunnova prepares for its first securitization
The $255 million offering makes Sunnova the latest distributed solar provider to offer securities backed by residential solar assets.
