Akeena’s distribution to include sales in California; calls off its solar panel installation

Facebook
Twitter
LinkedIn
Reddit
Email

Akeena Solar, d/b/a Westinghouse Solar, will be leaving its solar panel installation business in California behind as it begins its exclusive focus on manufacturing and distribution in the state. Since the company will no longer be in the California installation business, it has advised that its third quarter 2010 records will show a restructuring charge of around US$2.5 million. This amount accounts for headcount reductions, equipment and inventory write-offs, lease accelerations and write-off of goodwill, which will mainly be non-cash charges.

“Expanding our channels to include authorized dealers in California will accelerate the growth of our distribution business,” said Barry Cinnamon (pictured), chief executive officer of Westinghouse Solar. “California is the largest state in the country for solar products, accounting for approximately 50 percent of the U.S. market… As we transition to a distribution model in California and sign up new dealers, we will continue to focus on securing new distribution partnerships and adding dealers around the country. We will honor all outstanding installation obligations, and in many cases expect to work with new Westinghouse Solar dealers to take over our remaining backlog of California installation projects.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Since Akeena will also be sustaining transition expenses from its terminated operations for the next two quarters, the company expects for its quarterly cash and operating expense to be around US$1.5 million, a US$3 million decrease in quarterly cash operating expenses compared to the first two quarters of this year. Akeena is looking to reach a cash flow breakeven of US$9 million for quarterly revenue in mid-2011 with revenues presumed to be between US$25 and US$30 million.

Read Next

July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
July 4, 2025
Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.
July 4, 2025
Risen Energy’s mass-produced heterojunction (HJT) modules have reached a cell conversion efficiency of 26.61%, a record figure for the company.
July 4, 2025
The US House of Representatives has passed the final version of the reconciliation bill that is now going to US President Donald Trump’s desk for his signature before its passing.
July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK