Sunrun to acquire Vivint Solar for $3.2bn 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?
Covid-19 weekly briefing: Evidence abounds of renewable energy gains at the expense of fossil fuels as the clamor for a green recovery rises
Portugal set a new coal-free record because of the pandemic as Belgium and Israel moved to help the renewables industry. But there was grim news in Mexico and Turkey, and Bangladeshi clean energy firms have appealed for more assistance.
Sunrun withdraws 2020 residential solar guidance, lays off 100 employees
Sunrun laid off about 100 employees last week, according to Business Insider, which reported that furloughed staff will continue to receive benefits for three months.
Sunrun installs record capacity in Q4 while cutting customer acquisition costs
The largest residential solar company in the United States installed 117 MW in the fourth quarter and reached a total customer base of 285,000 – all while bringing creation costs lower than they have ever been.
California’s solar mandate to deliver more than 1 GW
From pv magazine February edition California’s new residential solar mandate, effective from the first day of 2020, is going to add more than 1 GW of PV over the next five years, according to analysts. The US state already has a nation-leading 26.2 GW cumulative PV installed base. The new solar building code is directed […]
Everything is growing at Sunrun – including customer acquisition costs
Sunrun saw growth in deployments, revenues, cash and funding, as it expands its solar+storage business and pursues capacity sales. But the company and the larger third-party solar space are facing a sticky problem.
Sunnova to go public
The company will list on the NYSE under the symbol NOVA. Sunnova’s prospectus filing reveals information about the company’s finances and operation.
Sunrun eating into utility operations
By providing solar-plus-storage, contracting to supply capacity in wholesale markets and even considering microgrid communities, Sunrun is taking on more of the space traditionally occupied by utilities and large, centralized power generators.
How is Tesla selling residential solar for less than $2 per watt?
High-profile CEO Elon Musk has delivered on his promise to slash prices for residential solar. And the company’s reduction of prices to as low as $1.75/W after the federal tax credit is applied is likely a result of the move to online sales.
Rooftop solar and batteries makes their mark at BNEF Future of Energy
Sunrun made a splash at the BNEF Summit in New York City at a time when utilities are increasingly struggling to adapt to new realities. But distributed energy resources have a long way to go to play a major role, and we will still need additional energy sources in future power systems.
