The Austrian inverter specialist opens sales, product management and R&D center in San Francisco to better serve U.S. markets and commitments. Partnership with Tesla expected to be strengthened.
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%.
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.
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.
The company has contracted for over 20 MW of projects in Massachusetts and Vermont.
The contract manufacturer is buying SunEdison’s Australian business and a portion of its global channel business free of liens and claims.
The Nevada utility has requested approval from the Public Utilities Commission of Nevada for a 100 MW solar plant, while simultaneously requesting the early retirement of a coal-fired generation facility, but its previous objection to net metering lingers in the memory.
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.
EnergySage has been contracted as the exclusive provider of GoSolarCT.com, which allows homeowners to research and comparison-shop for solar PV systems.
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