The Chinese polysilicon and PV maker will buy three of SunEdison’s manufacturing businesses involved in polysilicon production up until cell production, amid rumors that it is also planning to make a bid for SunEdison’s controlling stake in TerraForm Power.
This week saw three new high-profile executive appointments, Berkeley Lab’s annual report showing ongoing solar cost collapses, progress on Tesla’s acquisition of SolarCity, and more.
However, EIA data shows solar PV only making up 1.3% of total generation, a fraction of the portion in leading European nations.
The third-largest distributed solar installer has moved into the Florida market, which currently does not allow power purchase agreements for residential solar.
The ruling clears a legal roadblock for the acquisition, which still must be approved by shareholders of both companies.
The company will eliminate 80 employees from its San Mateo headquarters and another 28 from its offices in San Francisco.
The national lab’s latest report finds ongoing declines in PV system prices, with residential system prices falling to $4 per watt in 2015.
The move follows the U.S. utility leader’s acquisition of a majority stake in REC Solar last year.
The U.S. distributed solar installer has partnered with Belgium’s Electrabel to begin installing rooftop solar panels across the country.
This is the first such system installed in Colorado since the Department of Energy expanded the $215 million Weatherization Assistance Program to include low-income solar.
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