NRG move to acquire SunEdison assets moves forward, expands to DG
A bankruptcy court has approved the expedited auction of SunEdison projects with NRG as the “stalking horse” bidder, and NRG has separately announced the purchase of 26 C&I solar projects.
NASDAQ warns TerraForm Power, TerraForm Global over delays in filing
The yieldcos have until the end of August to submit a plan as to how they are going to get their financial reports on track, while TerraForm Global struggles with multiple legal proceedings.
Fronius opens new R&D center in U.S. with eye on Tesla partnership support
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.
SolarCity offers $124 million in high-interest bonds
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%.
Canadian Solar beats shipment and revenue guidance for Q2
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.
SolarCity cuts co-founder salaries to $1, announces job losses
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.
Sunlink expands installation business in New England
The company has contracted for over 20 MW of projects in Massachusetts and Vermont.
Court approves sale of SunEdison Australian, channel businesses to Flextronics
The contract manufacturer is buying SunEdison’s Australian business and a portion of its global channel business free of liens and claims.
1366 Technologies unveils 3-D wafers
The company says that its 3-D wafers lower the amount of silicon needed for each wafer without losing strength or performance.
NV Energy seeking approval for 100 MW PV plant in Nevada
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.
