Solar Earnings Recap: SunPower, Sunrun and SolarEdge
pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported quarterly or fiscal year earnings over the last week.
Stanley Black & Decker 100% renewable energy powered in Kentucky
A 4.3 MW solar project will power the company’s on-site production facility, with excess going to the state.
New Hampshire utility offers dynamic rates for distributed storage exports
An owner of an 8.6 kW PV system and eligible battery system could earn up to $1700 per year in credits under a New Hampshire utility’s dynamic rate program. Certain standalone storage systems, electric vehicles, and EV chargers are also eligible.
Sunrise brief: Virtual power plants could save utilities up to $35 billion by 2033
Also on the rise: Why solar assets are underperforming expectations by 8%. Ikea bets on Meyer Burger’s heterojunction solar modules. And more.
SunPower secures $550 million loan purchase commitment
Private equity firm KKR committed to purchasing loans made to SunPower customers.
50 states of solar incentives: Utah
More large-scale solar is likely on the way for Utah, as the Federal Energy Act of 2020 aims to deploy 25 GW of solar, wind, and geothermal production on public lands no later than 2025. One of the first land areas that was vetted for this development is in Utah.
Solar assets are underperforming expectations by 8%, what is the root cause?
kWh Analytics says that finding the root cause of the underperformance through forensic analysis can help mitigate losses.
Commercial Solar Guy sells 101 MW New York portfolio, seeks additional 60 acres
The solar developer is also seeking another 16 MW of solar, mostly in the NYSEG power company region, to fill out the portfolio.
HVAC, lighting and solar integrator raises Series E round
The add-on funding brings the energy services company’s cumulative Series E round to $250 million, and represents a significant step towards expanding Redaptive’s offerings and procuring new customers, the company said.
Ikea bets on Meyer Burger’s heterojunction solar modules
Between 2025 and 2029, the investment company of the Swedish furniture group will purchase solar modules produced in the U.S. by the Swiss photovoltaic manufacturer. The agreement is the basis for Meyer Burger to increase annual production capacity at its Arizona site to around 2 GW.
