residential solar

Residential solar installer Lumio has filed voluntary petitions for relief under Chapter 11 bankruptcy in the US Bankruptcy Court for the District of Delaware.

The stalking horse bid from Complete Solaria was set at US$45 million earlier this month when SunPower filed for Chapter 11 bankruptcy.

The US distributed solar sector added 808,349 new operational systems in 2023, a record figure for a 12-month period.

In the three months to 30th June 2024, SunRun generated total revenue of US$523.8 million, down YoY from US$590.1 million in Q2 2023.

Israel-headquartered solar inverter supplier SolarEdge has reported a quarterly decline in shipments in the second quarter of 2024 with 873MW.

SunPower also entered into an asset purchase agreement with residential solar company Complete Solaria to serve as the stalking horse buyer.

US firm Sunnova has reported reduced losses in the second quarter of 2024, with losses falling to US$79.7 million.

Solar and storage are playing a key role in Japan's push towards energy security, according to Uranulzii Batbayer and Aniket Autade of Rystad.

Installed solar PV capacity in Germany is expected to stabilise at 22GW per year from 2026 onwards, according to a report from the German Solar Association (BSW-Solar).

Lawrence Berkeley National Laboratory (LBNL) research shows that the use of solar panels on US homes can cut energy burden to as low as 1.3%.