SunPower closes on US residential lease portfolio sale

US-headquartered high-efficiency PV module producer SunPower Corp has concluded the sale of its US residential lease portfolio with a subsidiary of Hannon Armstrong as the company sells assets to improve its balance sheet.

SunPower to sell more assets to avoid bankruptcy in 2019

US-headquartered high-efficiency PV module producer SunPower Corp is expecting to sell further assets and increase its loans in 2019 to avert bankruptcy due to looming liquidity issues as the company expects to remain loss making next year, while current net losses in the first nine months of 2018 have reached US$745.3 million.

New Global Infrastructure Partners entity acquires 4.7GW of SunPower’s utility-scale pipeline

On its first official day of business, Clearway Energy Group (CEG) created from New Global Infrastructure Partners (GIP) acquisition of NRG Energy, Inc.'s (NRG) renewables platform and NRG's controlling interest in NRG Yield, Inc., has announced the purchase of 4.7GW of SunPower’s utility-scale PV power plant pipeline, without disclosing financial details of the deal.

SunPower guides another year of massive losses

US-headquartered high-efficiency PV module producer SunPower Corp may have exceeded the high-end of module deployments guidance by 5MW in the second quarter of 2018, while easily beating revenue projections, but had not warned the market in advance of a massive US$447.1 million quarterly loss and full-year losses that could exceed the net GAAP loss of US$851 million posted in 2017.