Firm forecasts fiscal year 2020 GAAP net losses of US$145-195m despite its return to profitability in a year of record roll-out but also ‘disappointing’ execution challenges.
The US installer will use the funding to refinance a working capital facility and purchase equipment that will qualify its projects for the full ITC rate before it depreciates to 26% on 1 January.
Top US residential player posts Q3 2019 deployment volumes of 107MW and eyes 115-118MW in Q4 2019 despite warning that ‘tight labor market’ could hamper customer growth and order delivery.
Sungrow locked in a 100MW residential inverter distribution deal at last week’s All-Energy Australia, the company revealed, bolstering its position in the lucrative market.
State-backed rooftop solar rebates of up to AU$2,225 will be released fortnightly after prior monthly cycles drew industry protests over 'boom-bust' dynamic.
The deal will allow Vivint to refinance an aggregation credit facility that was set to mature in 2020, while reducing the cost of debt by 87.5 basis points.
