BREAKING: Court approves Sungevity sale to Northern Pacific
A Delaware bankruptcy court judge yesterday approved the $50 million sale of the residential solar installer to private equity firm Northern Pacific Group.
Solaria demands jury trial in trade-secret theft lawsuit
In papers filed yesterday in the U.S. District Court for the Northern District of California (Oakland Division), the panel maker accuses three companies of stealing designs for its PowerXT modules and creating their own version, to the detriment of the company’s profits.
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.
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.
BREAKING: Unsecured creditors challenge SunEdison settlement
In the seemingly unending saga that is the bankruptcy of SunEdison, its official committee of unsecured creditors filed objections to the plans to sell its shares in its two yieldcos, TerraForm Power and TerraForm Global.
Group asks Oregon AG to investigate solar sales practices
The Campaign for Accountability sent a letter to Oregon’s top law enforcement official asking her to investigate what it calls “false and misleading acts in the marketing and sale or lease of solar panels” in the state, the same day that SEIA launched an education campaign to combat shady sales practices by solar installers.
Former Sungevity employees file class action lawsuit
The lawsuit alleges that workers were not given the warning required under federal law, and attorneys are additionally enquiring about bounced paychecks.
Sungevity’s insolvency shows in employees’ checks
Today the final checks to Sungevity workers laid off without notice last week bounced, as the latest problem for the company and its former employees.
BREAKING: Authorities could lower Taiwanese import duties to single digits
A preliminary finding by the U.S. Department of Commerce could lower import duties first imposed on Taiwan solar cell manufacturers in 2014 from high double-digits to single digits, while tariffs on Chinese module and cell manufacturers imposed at the same time remain in place.
BREAKING: Brookfield takes over TerraForm Power, Global
Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.
