Vivint’s $325 million credit facility, SC regulators nix Pegasus contract: pvMB 08/08/19
In today’s pvMB we also bring you EDPR’s big solar + storage contract with San José’s CCA, Dominion’s battery pilot, a new union-backed training program for renewable energy workers, and more.
Vivint’s new executive, SPI to acquire 21 MW in Oregon: pvMB 7/24/19
Welcome to your wonderful Hump Day pvMb, where we’ll be taking a look at the man bringing solar to minority communities in Tennessee and another all-new solar car. Buckle up!
Vivint’s $100 million deal, Sunpower’s trade secrets suit: pvMB 6/24/19
Hello and welcome one and all to the start of the week and this Monday’s pvMB. Today we’ll be looking at the polling saying 42% of Dems prefer plans to decarbonize by 2030, the cost of energy storage in New Jersey, Duke’s North Rosamond power plant going on-line and more!
Vivint raises up to $360 million to deploy more rooftop solar
The nation’s third-largest residential solar company has just raked in more cash to put more solar on roofs, using a complex structure that combines debt, tax equity and cash equity components.
Vivint Solar keeps growing
The company showed increased costs for its sales force, held the cost of building solar consistent and is projecting to grow annual installation volume 15% in 2019.
Momentum Solar sued over appalling allegations of racism
Six former employees are suing the energy company over allegations that they were subjected to repeated racial discrimination and eventual termination at the hands of their supervisors.
Quality and profit are not mutually exclusive
In this op-ed for pv magazine, Vivint Solar CEO David Bywater discusses the commitment needed by solar installers to think of quality and profits in an ‘and’ relationship, rather than an ‘or’ one.
Third party solar is dead; Long live third party solar
The nation’s fourth-largest residential solar company grew in 2018 while returning to its previous emphasis on the third-party solar model. However, Vivint’s losses are exceeding its estimates of the value that it is creating.
Vivint Solar responds to racial discrimination lawsuit
The national residential installer has fired an employee and taken other actions in the wake of a lawsuit filed by a former employee alleging multiple shocking allegations of racism and harassment by his coworkers and supervisor.
Vivint Solar securitization gets A- bond rating
Kroll has assigned a portfolio of 37,792 leases, worth $494 million in various revenue streams, a preliminary rating pending a sale to the marketplace.
