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.
This is the latest roadblock for the troubled project on public land in the California desert.
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 U.S. distributed solar installer has partnered with Belgium’s Electrabel to begin installing rooftop solar panels across the country.
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