US solar installer SunPower is to be hit by a cracking issue discovered in connectors associated with equipment installed in some commercial and industrial (C&I) projects, resulting in charges of around US$31 million.
Energy engineering firm Babcock & Wilcox is to enter the US solar market through the acquisition of a majority stake in Illinois-based solar contractor Fosler Construction.
A brief round-up of project updates from around the world, including news from Asian C&I specialist Cleantech Solar, solar operator Sonnedix and renewables giant BayWa r.e.
SolarEdge witnessed record revenues in Europe as sales in North America stagnated in Q3, with the effects of the COVID-19 pandemic still clear and present in the company’s financials.
US distributed solar and storage firm SunPower has joined the ranks of US installers to bounce back from a COVID hit Q2, while raising its guidance for the full year.
The firm’s new acquisitions were unveiled just one day after reports emerged that it plans to sell a 39MW utility-scale North Carolina PV portfolio to London-headquartered US Solar Fund.
C&I systems can already hit grid parity without need for government money across all major urban centres but profitability is mixed on a region-by-region basis, researchers say.
