Sungevity to go public through acquisition by asset management firm
The fifth-largest distributed solar installer in the United States will now be traded on the NASDAQ, which is expected to give it a capitalization of $607 million.
Every little bit helps for California’s PV deployment
California is leading the way with inventive ways to deploy solar technology, as not only will San Francisco’s bus stops be lit up with solar lanterns, but the HERO program has hit another major milestone, making energy savings equivalent to closing two coal power plants for a year.
North American leaders to set out target of 50% “clean” electricity by 2025
Obama, Trudeau and Peña Nieto will be presenting the target, which will include nuclear and carbon capture and storage, at a summit of the three leaders.
Sunrun increases rooftop solar credit facility to $245m
The U.S. residential solar company has secured an additional $40 million in working capital from investors to support the expansion of its rooftop solar projects, especially the New York market.
ABB to close Phoenix inverter fab, move jobs to Estonia and Italy
The Swiss power electronics firm will end manufacturing operations at the U.S. site, shifting an undisclosed number of jobs to Estonia and Italy later this year. Some sales and service staff will be retained in Phoenix.
SunEdison appoints new CFO as incumbent departs after just two months
The troubled and bankrupt renewable energy firm announces the appointment of Philip Gund as its new chief financial officer a week after CEO Ahmad Chatila resigned.
SunPower, First Solar and SunEdison cornered 44% of North American O&M market in 2015: IHS
Analysis by IHS reveals how the three solar firms captured almost half of the operations and maintenance market last year, which grew to more than $300 million.
SEIA: Texas will become the 2nd-largest U.S. solar market in the next five years
GTM Research and the U.S. solar trade group forecast that Texas will install 4.6 GW of solar PV over the next five years, nearly all of which will be utility-scale.
Wacker Chemie partners with 1366 Technologies
The world’s second-largest polysilicon maker will provide the kerfless wafer startup with a $15 million equity investment, a supply of polysilicon and technical assistance.
SunPower sets new solar efficiency record
US company SunPower achieved an efficiency of 24.1% for a module using silicon cells, which is just the latest in a number of efficiency records for solar technology, showing that the modules are moving in the right direction.
