The solar sector’s Q2 results season showed that, for the most part, the pandemic’s impact on deployment in the US was restricted to early in the quarter, helping many companies post better-than-expected performance in Q2. But as Liam Stoker suggests, COVID-19’s tail could be longer than anticipated.
Sunrun is hoping a gradual reopening of its sales channels and the “flywheel opportunity” of grid services in the US will provide a major boost moving forward, as it targets a 20% surge in installs throughout Q3 2020.
US residential solar installer Vivint Solar deployed around 44MW of solar in the second quarter of 2020, beating expectations and helping to shrink its losses.
A round-up of the latest news from the US, where New Jersey utility PSEG is considering offloading its solar business and Sunrun joins forces with SK E&S for “electrification venture”.
Sunrun has signed deals with three community energy suppliers in the Bay Area to install up to 20MW of solar and battery backup power in households vulnerable to power cuts.
Tesla deployed just 27MW of rooftop solar in Q2 2020, its worst quarter for deployment on record, but chief executive Elon Musk remains buoyant about the product’s long-term prospects.
US residential solar installer Sunrun is to acquire rival Vivint Solar as part of a US$3.2 billion all-stock deal that constitutes a major shake-up for the US solar market.
US residential solar firm Sunrun is to aggregate 300 domestic solar-plus-storage installations into a single virtual power plant (VPP), claiming it to be one of the US’ first residential VPPs.
