New York State has offered employees of Panasonic working at Tesla’s Gigafactory 2 plant in Buffalo assistance in finding new jobs as the Japanese electronics giant is expected to shut down solar panel operations at the facility.
RGS Energy (Real Goods Solar Inc.), a potential rival to Tesla’s solar tile roof system has recently succumbed to Chapter 7 bankruptcy, having failed to raise further capital on long-standing operating losses.
China-based PV and glass manufacturer, Changzhou Almaden Stock Co Ltd was recently forced to declare that it was supplying Tesla with glass encapsulated solar roof tiles, due to abnormal fluctuations in its stock traded on the Shenzhen Stock Exchange.
Panasonic has warned US solar installers about Tesla selling a “large quantity” of its solar panels designated to the company to an unidentified third-party wholesaler that would not be covered by Panasonic product warranties.
As 2019 draws to a close, PV Tech reflects on the year’s most impactful stories in the solar economy. Liam Stoker starts by looking back at the first three months of the year, when there was a major subsidy U-turn in China and the first of many manufacturing expansions.
Tesla reported a bounce back in solar installations in the third quarter of 2019, while energy storage installs reached a new record high. The company is also launching a third-generation residential roof system ahead of a volume production ramp.
With the major US residential solar installers (Sunrun, SunPower, Vivint Solar and Tesla) having recently reporting second quarter 2019 financial results, PV Tech takes a closer look at the business and market dynamics shaping up in 2019.