US-based residential solar firm Sunnova Energy has secured US$300 million from private equity firm Energy Capital Partners (ECP) to continue its growth in the residential solar sector.
Record installations expected in 2016 will put the US within a stone’s throw of challenging China’s position as the world number one solar market this year.
Recent shipment guidance from two leading members of the ‘Silicon Module Super League’ (SMSL), Trina Solar and JinkoSolar highlighted that the US solar PV market in 2016 was expected to show considerable growth but raised concerns over the possibility of a module oversupply situation when compiling a list of suppliers with their own US ambitions.
Foresight Solar Fund has added to the woes of SunEdison, revealing that the two parties are in advanced negotiations to settle a claim over underperformance at three UK project sites.
Warren Buffett, chairman and CEO of multinational conglomerate holding company Berkshire Hathaway, has confirmed that Elon Musk contacted him directly about the Nevada net metering row and was "unhappy".
As another big US CSP project bites the dust having previously rejected the suggestion that it should re-apply as a PV project, John Parnell explores whether CSP, especially power towers, risk becoming the Betamax of solar energy.