Coming off of a strong, profitable first quarter, Enphase is seeing the Q2 results of Covid-19 in compressed revenue and a swing to a quarterly loss. Gross margin remains strong.
SolarEdge was able to keep its streak of profitable quarters going — in what was expected to be a hard-hit quarter for solar. The company sees “signs of recovery in the U.S.”
This bankruptcy comes with a political edge — because the startup received $737 million in a U.S. federal loan guarantee as part of the 2009 stimulus package — during the Obama administration.
A new white paper from Energy Innovation found that 179 GW of U.S. coal plants were more expensive to run than solar, but only 10 GW per year were being retired. Swaps could accelerate the process.
Executive, career and boardroom moves in solar, storage, cleantech, utilities and energy VC.
Also in the brief: Duke Energy first solar project on a retired landfill, Solarize Chicagoland group-buy program bears fruit even in rough times
Also in the brief: Joe Biden’s $2 trillion plan, APS details cause of battery fire and explosion
pv magazine’s Amjad Khashman has spoken to Chinese solar developer Jinko Power about negotiating the world record low price tariff agreed for electricity generated at the Al Dhafra solar project in Abu Dhabi.
“It’s critical for us to recognize that we are being looked to by everyone from prominent political campaigns to elected officials in your town to provide the necessary economic development to get us out of Covid,” he said.
Also in the brief: Even the world’s top coal exporter is struggling to make money from burning the fuel, RFA for D.C. solar program
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