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%.
Canadian Solar beats shipment and revenue guidance for Q2
The Chinese-Canadian solar firm shipped 1,290 MW of modules and posted net revenue of $805.9 million in the second quarter, with nearly half of its sales to the Americas.
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.
Sunlink expands installation business in New England
The company has contracted for over 20 MW of projects in Massachusetts and Vermont.
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.
Xcel increases Colorado solar commitments in settlement, withdraws grid charge
The wide-ranging settlement of three separate cases would include a process for battery storage interconnection, the withdrawal of a charge for solar customers, and a shift to time-of-use rates.
Connecticut Green Bank sponsors online solar marketplace
EnergySage has been contracted as the exclusive provider of GoSolarCT.com, which allows homeowners to research and comparison-shop for solar PV systems.
Sierra Club highlights 100% renewable communities
The environmental group’s latest report looks at 10 communities in the United States that are moving to 100% renewable energy.
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.
