residential solar

US residential solar provider SunPower has secured over US$300 million in project financing commitments for its residential solar and storage lease programmes.

Sunrun has published its 2023 financial results, which include 1.01GW of new solar capacity installed across the company’s operations.

Italy added 5.23GW of new solar PV capacity in 2023, according to trade body Italia Solare, the highest annual total since 2011.

Challenges such as operational difficulties and macroeconomic headwinds cause ADT to quit the residential solar business.

“Every year, we see more attention from our customers, for whom this is becoming more at the top of their minds. Usually in PV, it’s been volume price and spec of the product. But now it's also how do we make that product, besides pure performance,” says Cemil Seber, VP of global marketing at REC Solar.

SunPower has breached a credit agreement, and Enphase Energy has announced layoffs, raising concern over the companies' ability to operate.

The US solar industry has registered its best third quarter with 6.5GW of PV installed in Q3 2023, however residential started to show a slowdown in certain states.

As the industry leaves behind p-type technology, most module manufacturers have either chosen tunnel oxide passivated contact (TOPCon) or heterojunction to jump towards n-type modules, with some opting for back contact (BC) cells to transition towards the new technology.

Tongwei Solar has presented its latest n-type TOPCon half-cut cell module products at the 6th China International PV Industry Conference in the city of Chengdu, Sichuan province.

US domestic solar company SunPower has lowed its FY2023 guidance due to reduced consumer demand, delayed revenue recognition from longer cycle times, and a net loss of more than US$30 million in the third quarter this year.