US$245m upsizing of existing facility and US$300m new package from Brookfield bring debt injection to firm bracing last month for quarterly installs to drop to levels unseen since 2017.
The US residential solar market could be rebounding from any pandemic-related slide far quicker than anticipated.
Firm stands out from residential peers as it claims EBITDA of US$58-62m and 28,000-30,000 customer additions are possible this year, with Q1 results showing losses continue to pile.
Microinverter supplier Enphase Energy has reported a doubling in Q1 revenue but warned of tumbling demand as the COVID-19 crisis keeps solar installers at home.
Online move sees top US residential installer boost customers and turnover but firm expects ‘slowdown’ over the following two quarters.
Outlook for solar roof ‘extremely good’ despite current paralysis, CEO Elon Musk says as company posts the first Q1 positive net income in its history in the midst of the COVID-19 crisis.
US solar residential player facing layoffs and 2020 uncertainty appoints Tom vonReichbauer as CFO, enlisting individual with past senior roles at Ford, Tesla, Nest and Google.
The 106,000-plus workers let go last month alone indicates the sector could lose 15% of its workforce in the coming months unless action is taken, warns study by E2, ACORE, E4TheFuture and BW.
New roll-out figures and talk of cash increases come after leading US residential player acts to withdraw 2020 guidance, with media reports claiming around 100 staff are being let go.
UK-headquartered solar developer Solarcentury has sold its residential solar arm to Svea Solar, allowing the firm to refocus its efforts entirely on utility-scale developments.
Analysts say residential solar specialist is ‘well positioned’ to witness growth in 2020, amid claims by the firm its indicators remain solid despite talk of COVID-19 impacts on other installers.
Nasdaq-listed group expects deployment to grow by further 15% in 2020, amid hopes that uptake of its solar-plus-storage offering Brightbox will double year-on-year.
Interest payments, stock market listing and other factors drive doubling of net losses from 2018 (US$68.4m) to 2019 (US$133.4m), even as revenues and new customers increase.
It has always been anticipated that by the early 2020s, the feed-in tariff would have tapered away in Japan’s booming solar market. Andy Colthorpe speaks with analyst Izumi Kaizuka at RTS Corporation to learn more about what the future holds for post-subsidy solar in Japan.
Firm forecasts fiscal year 2020 GAAP net losses of US$145-195m despite its return to profitability in a year of record roll-out but also ‘disappointing’ execution challenges.