The head of Vivint Smart Home is set to step in to lead Vivint Solar, following the departure of CEO Greg Butterfield from the residential installer, announced yesterday.
A round-up of solar news from throughout the holiday period including SunEdison deals, Qatar's next solar steps and the verdict in Heraeus' patent case.
US Residential solar PV installer SolarCity has stopped operating in the US state of Nevada after the Nevada Public Utilities Commission (PUC) approved a plan that will restrict net metering credits and boost charges against solar users in the state.
Renewable energy firm SolarCity was responsible for 34% of residential solar PV installations in the first three quarters of 2015, according to GTM Research’s ‘US PV Leaderboard: Q4 2015’.
While news of an amended acquisition deal between SunEdison’s yield co TerraForm Power and Vivint Solar appeared to give SunEdison a hefty boost in the stock market, hedge fund Appaloosa Management is now raising a number of questions about the new agreement.
US solar installer Vivint Solar reported both bookings and installations in the third quarter of 2015 below the prior quarter, indicating growth has stalled in the last six months. Major renewable energy provider SunEdison is in the process of acquiring the company.
