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.
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.
Residential solar financing company Sunlight Financial announced Wednesday that Technology Credit Union (Tech CU), a credit union based in Silicon Valley, has committed up to US$500 million for about 20,000 residential PV loans originated by Sunlight’s national network of installers.
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.
St. Louis, Missouri-based global energy provider Esco has acquired the renewable energy arm of NRG Systems, located in Vermont, under undisclosed terms.
New Jersey’s Nautilus Solar and California-based Kilroy Realty have partnered to build a portfolio of commercial solar projects amounting to 5.2MW across nine of Kilroy’s offices between Southern and Northern California.
Company executives from NextEra Energy Resources and Entergy Arkansas gathered with local leaders Tuesday morning to break ground on Arkansas’ largest universal solar energy project — the 81MW Stuttgart Solar Energy Center.
