Total corporate funding into the solar sector rose 24% in 2020
Despite a slow start and a downturn in venture capital and private equity funding, total funding saw a significant rise, including the largest amount of projects acquired in a single year to date and the largest amount of securitization financing ever in a year.
Sunrun to acquire Vivint Solar for $3.2 billion in all-stock transaction
The new, bigger Sunrun will have 500,000 customers and more than 3 GW of solar power assets. Is there value in scale in residential solar?
Solar and storage venture capital and finance roundup
Plus a bunch of investments in carbon capture.
Vivint beats on revenue — but losses widen in Q1 as residential solar hunkers down
Vivint beat estimates with $91.2 million in revenue in Q1, though, like with most other third-party solar companies, that was outweighed by $51.9 million in losses from operations. Installation figures fell during the quarter and are only expected to fall further, as Covid-19 runs its course on residential solar.
Vivint continues residential solar growth, hopes to catch up on energy storage
Shares of Vivint dropped after the solar installer/financier posted a larger-than-expected fourth-quarter loss and sales missed expectations. Vivint posted a net loss of $33.5 million, compared with a loss of $12.9 million, in the year-ago quarter.
PPAs for the lay people, the first-ever Solar Games: pvMB 11/13/19
Hello wonderful readers and welcome to the pvMB, where today we shall be looking at NeoVolta’s Iron Phosphate Energy Storage System, Vision Solar expanding to Orlando, DroneDeploy raising $35 million and more!
Vivint Solar boasts a record quarter
The company set records in installed megawatts and revenue, however operational losses, the bane of all third-party solar companies, still haunt Vivint.
Vivint settles allegations of illegally obtaining customer credit reports
Vivint Solar has settled on a case in New Jersey which contained accusations that the company would illegally acquire customers’ credit reports as well as force them to sign purposefully misleading contracts.
240 MW project at steel mill moves forward in Co., Vivint solar under securities fraud investigation: pvMB 10/2/19
Hello one and all to the midweek MB! Today we’ll be looking at a FirstEnergy RFP in Ohio, Illinois Office of Energy supporting a university solar + storage project and more!
Vivint Solar bounces back
The third party residential solar company showed its highest volume of quarterly installations since late 2016 and record revenues. However losses rose as well, driven by an industry-wide trend of rising customer acquisition costs.
