US domestic solar company SunPower has lowed its FY2023 guidance due to reduced consumer demand, delayed revenue recognition from longer cycle times, and a net loss of more than US$30 million in the third quarter this year.
A coalition of School Board representatives, healthcare advocates and “climate leaders” in the North Bay area of California has spoken out against the California Public Utilities Commission’s (CPUC) proposal to alter the virtual net energy metering scheme (VNEM) in the state.
During the third quarter of 2023, renewables have installed a record 5.5GW of utility-scale renewable capacity, led by solar, according to American Clean Power Association (ACP).
Maria Popova of the European Federation of Energy Traders makes the case for power purchase agreements from renewable sources, as the sheer volume of renewables growth required to reach Europe’s climate target means that public financial support is unlikely to be sufficient for the task, and market-based instruments and mechanisms need to be deployed alongside.
Class action lawsuits have been filed against US domestic solar company SunPower, amidst allegations that company misled investors by failing to disclose that it had inaccurately reported the cost of revenue and inventory metrics.
Solar curtailments in California, the US, have never been higher in 2023, as solar generation outpaces transmission capacity upgrades, according to a report from the US Energy Information Administration (EIA).
