residential solar

Clean energy marketplace and technology services platform Palmetto has raised US$375 million to support its business expansion as it looks to drive uptake of rooftop solar and expand to offer new products. 

unnova continued to reduce net losses in the closing quarter of 2021 despite interconnection delays in late December, helping reduce the company’s net loss year-on-year.

LG Electronics has confirmed it is to exit the solar module manufacturing business.

Norwegian start-up Otovo has secured NOK 300 million (US$33.7 million) through a private placement to support the expansion of its solar marketplace into six new European countries.

Leading US solar installer Sunrun installed 792MW of solar capacity in 2021, a 31% growth on 2020, exceeding guidance, reflecting the highest growth rate in five years and bringing its total networked capacity to 4.7GW, according to its Q4 and full year 2021 financial results.

LONGi has expanded its Hi-MO 5 product line with a new solar module designed for residential and commercial and industrial (C&I) rooftop applications.

Switzerland’s government has launched a consultation on a raft of policies to support renewable energy, including increasing tax incentives for PV projects and streamlining application processes in a bid to “accelerate the development of solar energy production”.

Sunnova Energy and Generac Power Systems are expanding their strategic partnership, with Sunnova now able to offer its customers Generac’s newly updated technology to its current suite of offerings, which will include energy storage units and for the first time, standby home generators, microinverters, and load managers.

Tesla’s solar installations jumped 68% in 2021 to 345MW despite a slight dip in additions year-on-year during the fourth quarter.

Leading US solar installer Sunrun has upsized its loan facility to US$425 million from US$250 million at “enhanced terms and longer tenor” to reflect the company’s higher valuation and strong performance.