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.
In less than 10 years, distributed solar-plus-storage systems will reach 27.4GW worldwide and be worth more than US$49.1 billion, with Asia and Western Europe leading the way, a new report from Navigant Research has forecast.
