SolarCity offers $124 million in high-interest bonds
On the same day that the copmany announced that it will lay off workers and cut founder salaries, SolarCity initiated a bond offering at a record high interest rate of 6.5%.
SolarCity cuts co-founder salaries to $1, announces job losses
In an SEC filing, the distributed solar market leader reveals that it expects to incur restructuring charges of $3-5 million in light of unspecified number of job losses. The company’s CEO and CTO will accept reduced salaries as reduced guidance bites.
Court approves sale of SunEdison Australian, channel businesses to Flextronics
The contract manufacturer is buying SunEdison’s Australian business and a portion of its global channel business free of liens and claims.
NRG Yield to issue $350 million in bonds
The yieldco says that proceeds will be used to repay current borrowings, and may use the remainder to fund “acquisitions and investments”.
SolarWorld’s finalized Q2 financials confirm growth
The German PV manufacturer recorded significant growth in the company’s sales and revenues compared to the same period last year, while also returning to a positive operating result, although it had to revise down its preliminary results.
pv magazine USA weekly news roundup
A critical rate case in Arizona gets resolved, NRG moves to acquire SunEdison assets, SolarCity goes BIPV, downsizing at SMA and SunPower, results from SCTY, RUN & VSLR, and more…
Enphase switches CFOs
The microinverter leader’s change in financial management comes a week after the company reported its third consecutive quarter of losses.
NRG Yield reports healthy Q2 results
The yieldco of energy company NRG has also announced that it will acquire its parent company’s remaining stake in the 250 MW California Valley Solar Ranch (CVSR) plant.
New York Green Bank loans $37 million to Vivint Solar
Vivint Solar says that the loan will allow it to install solar on 8,250 homes in New York.
Vivint Solar refinances tax equity funds with $313 million loan facility
The company describes the loan as an alternative to bond securitization for its residential solar projects.
