A round-up of recent developments in the US solar market, including news of Vivint Solar sealing US$300 million of tax equity commitments and Bank of America signing a solar PPA in Texas.
Microinverter manufacturer Enphase and module producer Q CELLS are to join forces to develop an AC module (ACM) aimed at the US residential solar market.
A total of 15 attorneys general have leapt to the defence of solar net metering in the US, adding to the chorus of support for the domestic PV framework seen this week.
US$245m upsizing of existing facility and US$300m new package from Brookfield bring debt injection to firm bracing last month for quarterly installs to drop to levels unseen since 2017.
Firm stands out from residential peers as it claims EBITDA of US$58-62m and 28,000-30,000 customer additions are possible this year, with Q1 results showing losses continue to pile.
Microinverter supplier Enphase Energy has reported a doubling in Q1 revenue but warned of tumbling demand as the COVID-19 crisis keeps solar installers at home.
US solar residential player facing layoffs and 2020 uncertainty appoints Tom vonReichbauer as CFO, enlisting individual with past senior roles at Ford, Tesla, Nest and Google.
