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.
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.
US-headquartered high-efficiency PV module producer SunPower Corp has secured the module supply deal for innogy’s 349MW PV power plant near Balranald, New South Wales, Australia, the largest plant under construction in the country.
We have tracked the annual R&D spending of 12 key publicly listed PV module manufacturers over the last 10 years. We present our new methodology with a broader scope which reveals record levels of investment in solar innovation.
US-headquartered high-efficiency PV module producer SunPower Corp has completed the acquisition of SolarWorld Americas from German insolvency court and administrators, securing the future of the solar cell and module assembly operations of the Hillsboro, Oregon plant.
US-headquartered high-efficiency PV module producer SunPower Corp has said that its interdigitated back contact (IBC) solar cells and modules have been granted exclusion from the US Section 201 import tariffs that were imposed by President Trump in early 2018.
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.
Leading PV microinverter supplier Enphase Energy reported second quarter 2018 earnings that indicated the path back to sustained profitability was in sight, despite a number of market issues, such as trade barriers and continued electronic component shortages.
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.
As the solar industry has grown from a 50GW market to 100GW in just a few years, the desire to have differentiated production has increased, especially for companies entering the market or repositioning strategies.
As module suppliers adapt to the slowdown of Chinese module demand in 2018 and 2019, global EPCs and developers are likely to see new Asian-produced panels being offered for both rooftop and ground-mount installations.