SunPower signs supply deal for 125 MW of P-Series modules
The supply deal with NextEra Energy Resources signals a radical shift in strategy for the struggling manufacturer and is the first major test of its novel module design.
EDF to deploy 23.7 MW of solar in France, creates storage unit in North America
The French energy giant keeps expanding into the renewable energy business. Its France-based unit EDF Energies Nouvelles will build PV plants totaling 23.7 MW, while its US division EDF EN has created a new subsidiary for distributed solar and storage projects up to 30 MW.
Blattner Energy takes top U.S. solar EPC spot in 2016 (with chart)
IHS Markit’s latest assessment of U.S. solar contractors finds that Blattner outpaced First Solar to take the top spot in 2016.
Net metering 2.0 slows down California’s residential solar market
Solar industry commentary is echoing state data, which shows that the implementation of net metering 2.0 and time-of-use rates is having a significant negative effect on California’s distributed solar market.
Trina Solar goes private
The Chinese PV maker has completed its merger transaction and will now become a private company. Trading of Trina’s shares on the NYSE have been suspended pending de-listing.
Sungevity files for bankruptcy amid rumors of IKEA buyout
Four days after laying off an estimated 400 employees, Sungevity has filed for Chapter 11 bankruptcy. Meanwhile former employees say that a potential acquisition of the company’s European business by IKEA is afoot.
Intevac reports massive ion implant tool order
The company’s ENERGi systems will be used to enable a more than 1 GW expansion of high-efficiency n-type mono cell capacity for an un-named customer in China, a big boost for the technology.
Etrion posts $110.4 million net loss in 2016
The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.
Enertronica secures engineering contract for 50 MW of solar in the U.S.
The Italian solar company has secured an engineering contract to build two PV plants totaling 50 MW in the United States. Furthermore, Enertronica has set up a new subsidiary in Delaware.
Sunrun grows, captures more market share in 2016
The third party solar company’s quarterly results show its 2016 deployments growing at double the rate of the U.S. residential market, as Sunrun begins offering energy storage and changes its relationship to utilities.
