The seasonally soft first quarter of the year for the residential solar rooftop market in the US played out again in 2017, with the addition of much heavier rainfall, notably in California. A basket of primarily US residential installers that are publically listed have recently reported first quarter results.
Off-grid solar product distributor d.light has partnered with cloud-based microfinance institution Musoni to expand access to solar for low-income consumers in Kenya.
High-efficiency module manufacturer Ten K Solar, has announced that it will be “discontinuing” its current operation – but has claimed it is not because of any product performance issues, contrary to media reports.
US-headquartered high-efficiency PV module producer SunPower reported a first quarter 2017 net GAAP loss of US$134.5 million, while guiding further losses of between $110 million to $135 million for the second quarter of the year as the company transitions its business model.
Emerging market investor Sun Group has entered a joint venture partnership with Japanese financial services group Orix, to develop commercial and industrial (C&I) solar projects in India.
St. Louis, Missouri-based global energy provider Esco has acquired the renewable energy arm of NRG Systems, located in Vermont, under undisclosed terms.
India solar prices have continued their downward spiral, this time with record low bids of INR2.62/kWh (US$~0.04) from Phelan Energy Group and Avaada Power in the state of Rajasthan.
Saudi Arabia’s Alfanar Energy has signed a PPA with the Egyptian Electricity Transmission Company (EETC) for the development of a 50MW solar plant in Egypt, according to local reports.
