Pioneering solar manufacturer SolarWorld AG is insolvent. It is unclear whether the company’s U.S. subsidiary must now file as well.
A $500 million commitment from Technology Credit Union is the latest sign of growth in the residential solar loan space.
The U.S. microinverter manufacturer reported a lower than expected revenue in the latest quarter, with shipments decreasing slightly year-on-year. The company, however, was able to strenghten its cash position after implementing a restructuring plan in the previous quarters.
After languishing for years as a state that refused to take full advantage of its solar potential, the Cavalier State is rushing headlong into a future powered by the sun.
Like other large third-party solar companies Vivint is increasingly moving away from the leasing model to direct sales.
A team from Michigan Technological University is assessing the technical and economic viability of military microgrids run on solar power.
The high-efficiency solar manufacturer is still bleeding red ink, as it begins shipping its lower-cost P-Series modules and continues its restructuring.
The company shipped 455 MW-AC of inverters from January through March and predicted revenues for Q2 to be within the range of $120 million to $130 million.
Details are sparse, but layoffs have already begun and a Chief Restructuring Officer is being appointed.
The latest reports by ERCOT estimates that the state will add nearly 900 MW of utility-scale solar this year, as renewables continue to replace older fossil fuel plants.
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