residential solar

US distributed solar asset owner Spruce Power posted decreased revenues and EBITDA in Q4 2023, totalling US$15.7 million and US$9.9 million respectively.

The European Parliament has approved a law requiring member states to deploy solar installations on buildings and renovate them to improve their energy efficiency.

SunPower is looking for a new permanent CEO and has established an "office of the chairman" led by executive chairman of the board Tom Werner.

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.