The subsidiary of utility Southern Company owns large portion of the Californian solar plant, which was built and developed by SunPower, which still owns remaining interest in the project.
Solar+storage: As the U.S. residential solar market matures, a growing number of homeowners are looking at various battery storage options as an addition to their arrays. pv magazine examines the state of the market, the challenges ahead and the leading players in this increasingly competitive space.
The non-profit will also train 500 LA residents in solar installation.
The yieldco of First Solar and SunPower saw second quarter performance beat CAFD guidance, generating revenue of $13.5 million and lowering net losses to just $0.2 million.
SDG&E is the first of the state’s three large investor-owned utilities to hit the cap on the original program.
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.
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.
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.
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.
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.
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