In line with the sluggishness of the residential solar sector Vivint’s volume deployed remains substantially lower than a year ago, as its business model shifts.
The microinverter specialist posted losses of $7 million in the third quarter but did manage to increase its revenue sequentially by 3% to $77 million.
The Property Assessed Clean Energy (PACE) provider insists it is financially sound and that the restructuring is designed to ensure “our operation is running as efficiently as possible”.
Scientists at the U.S. Department of Energy’s Lawrence Berkeley National Laboratory have made progress with cathodes made from ‘disordered’ materials, a technology which could greatly increase the storage capacity of lithium batteries.
The new rule gives some breathing room for solar customers caught up in the abrupt shift in peak times.
During the energy giant’s third-quarter earnings call, it announced a drop-down deal in which the yieldco will purchase 143 MW of solar assets from NextEra’s development subsidiary.
The power company has mostly build wind to date, but has announced 300 MW of solar projects.
The investment group will use the bonds to refinance the land leases it holds under 57 solar projects totaling 1.2 GW in capacity.
Senate Bill 338, which mandates that utilities come up with non-gas generation options to meet peak demand, was signed into law by Governor Jerry Brown.
The 1 MW project is being followed by a 20 MW pipeline of C&I rooftop projects, all of which will utilize dual-axis tracking.
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