The seasonally soft first quarter of the year for the residential solar rooftop market in the US played out again in 2017, with the addition of much heavier rainfall, notably in California. A basket of primarily US residential installers that are publically listed have recently reported first quarter results.
News in Brief: Vivint Solar is taking advantage of Rhode Island's optimal residential solar conditions and expanding into the state, BBOX and Aeris are partnering to provide plug-and-play solar systems with IoT connectivity in East and Central Africa, Sri Lankan energy ministers are allocating funding to install solar systems in selected public buildings and India's Space Research Organisation has developed a new solar app for Android.
In this week's Movers & Shakers segment, PV Tech focuses in solar jobs in the US, with the UK's Lightsource embarking on its pilot expansion into North America, and Panasonic's Coronal Energy likewise strengthening its North American operations with new strategic leaders. An early-stage investor exits India's Azure Power and The Solar Foundation launches a new online career platform, in other news.
This week's Movers & Shakers focuses on big career moves in Germany, India and the US. SMA Americas plans a major push into the US market, the International Solar Alliance welcomes a new interim director and India's Hartek Group takes on BHEL's Jeet Chhatwal to develop innovative automated systems and procedures for day-to-day activities which further improve productivity and bring more efficiency.
Residential solar company Vivint Solar announced Monday that it has extended the term of the availability period for borrowing under its aggregation credit facility by three years to March 2020 — with the final maturity of the facility set for September 2020.