The residential solar company has opened the door to raise the funds through a variety of means including a follow-on offering.
The residential solar company’s Q2 results show a smaller Vivint that is emphasizing direct sales versus the third-party model.
After years of steady, relentless growth, the U.S. residential solar market is struggling with challenges on both the policy and customer acquisition fronts. And as the market diversifies away from California and the Northeast, the future is far from clear.
The pending closure of the company’s office in Charleston is the latest sign of a changing approach to residential solar from the market leader.
Following a promise by Governor Sandoval to sign legislation re-instating net metering, the nation’s three largest residential solar companies have all said that they will return.
The U.S. residential PV company has boosted its tax equity coffers, and will use the funds to deploy 70 MW of residential PV capacity in the United States.
The third party solar provider plans to set up kiosks in retail locations in five states by the end of June, with more to come by the end of the year.
Like other large third-party solar companies Vivint is increasingly moving away from the leasing model to direct sales.
The company’s solar customers will have the option to receive a free integrated energy management system
Easterly Acquisition Corp., who was supposed to provide Sungevity access to public-market funds, has cancelled the proposed acquisition it announced in June.
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