According to GTM Research Tesla/SolarCity's leadership in the US rooftop market comes into question after rival Sunrun was expected to become the top third party financing (TPO) provider by late 2017.
US-based PV installer RGS Energy (RGSE) has increased its cash burn and pushed-out its expected return to break-even revenue from the first to the second quarter of 2018, as it spends on expanding its sales force and builds PV module inventory ahead of the final determination on the US ITC Section 201 trade case.
Major PV inverter manufacturer SMA Solar Technology reported a number of external forces that impacted third quarter financial results that would extend through at least the first half of 2018.
US-headquartered high-efficiency PV module producer SunPower Corp reported better than guided third quarter financial results but narrowed 2017 full-year guidance and continued net losses for the year and through 2018 highlight the competitive challenges faced by the niche player.
Inverter manufacturer Growatt is planning for growth beyond the borders of its native China and its traditional focus of PV products with a push in the US and the energy storage market.
Netherlands-based pension fund Stichting Pensioenfonds ABP has agreed to invest over US$384 million in three PV projects in the US, with the trio of installations representing a combined generation capacity of 858MW.
Duke Energy has awarded US$400,000 in solar grants for 16 not-for-profit organisations in Indiana that will help finance the installation of PV systems.
Residential solar provider Vivint Solar has officially expanded the availability of its solar energy systems into the state of Delaware. Following this expansion, the company now operates in 21 different states.
