Residential Solar Demand Slowdown Biting Spanish Solar Installer
SolarProfit Announces 90% Jobs Cuts To Stay Afloat Amidst Lower Demand & Higher Interest Rates
Spanish distributed solar and storage installer for self-consumption, SolarProfit has unveiled plans to lay off 90% of its workforce to continue being in business as it blames a significant decline in residential solar demand and a drop in prices due.
Malaysia’s New Residential Solar PV Installation Scheme
PETRA Invites Applications From Domestic Consumers For Incentives Under SolaRIS Program
Malaysia’s Ministry of Energy Transition and Water Transformation (PETRA) has announced a new incentive scheme to encourage residential energy consumers to adopt solar power.
Huawei’s Solutions For Residential And Utility Applications
Huawei’s High Power String Inverter Is Designed For Utility Scale Installations While Storage System Is For Residential Applications
Huawei introduced a new high power string inverter SUN2000-330 KTL Designed specifically for utility-scale solar installations, the high-performance inverter SUN2000-330KTL, boasts an impressive output of 330 kilo-Volt-Amperes (kVA), making it capabl.
Sunrun Installed 297 MW New Solar In Q2/2023
‘Robust’ Sales Growth Outside California Prompts Sunrun To Stay Put With Annual Guidance
Leading US residential solar and storage system installer Sunrun added 39,755 new customers in Q2/2023, taking its cumulative count to 869,464, growing 20% annually even as sales within California, the largest residential solar market in the US, were down for the company.
Sunrun Reports $63 Million Net Income For Q4/2022
Sunrun Increased New Solar PV Capacity Additions In Q4/2022 By 25% YoY With 275.4 MW; Reports 44% Annual Growth In Revenues In 2022
US residential solar company Sunrun turned profitable again in Q4/2022 as it reported $63 million in net income compared to -$38 million net loss a year back.
Romania To Boost Residential Solar Installations
Romania Plans RON 3 Billion Allocation For Residential PV Deployments Under Casa Verde Fotovoltaice Program To Face Energy Crisis
Casa Verde Fotovoltaice or the National Green House Photovoltaic Program of Romania is to get a financial shot in the arm to boost residential solar installations by 150,000 individual households.
Premium Products
Premium Solar Modules Having High Efficiency, High Power and Superior aesthetics Are Preferred in Residential applications
The residential segment is heating up in several markets around the globe, which is also reflected in our report. The requisites of this application are totally different compared to those of utility-scale modules.
Strong Q2/2022 for Sunrun
Leading US Solar Rooftop Integrator Sunrun’s Q2/2022 Installations Grew 33% YoY & Revenues 46% With ‘Surging Demand’
US residential solar financier and installer Sunrun posted a strong Q2/2022 with annual installations growing 33% to 246.5 MW exceeding expectations, 21% improvement in customer additions, and revenues rising 46% to $584.6 million.
China PV News Snippets
Solar East Wins 202 MW Rooftop Project Bid & More From Runjian New Energy
Solar East wins RMB 749 million EPC bid of Huaneng Jiangsu Company; Runjian New Energy signs development agreement for 900 MW new energy power generation project with the People’s Government of Yongfu County.
Sunrun’s Q4/2021 Financial Results
2021 Revenues For Sunrun Grew 75% To $1.6 Billion But US Company Reports Net Loss Of $79 Million
US residential solar power company Sunrun Inc had a strong year in 2021 as it added more than 110,000 customers, reporting a growth of 31% in installations and 75% improvement in annual revenues with $1.6 billion, yet its net loss attributable to common stockholders was $79.4 million.
New Agreement For Maxeon & SunPower
Maxeon Solar & SunPower Enter New IBC Solar Panel Supply Agreement
SunPower Corporation of the US and its manufacturing spin-off Maxeon Solar Technologies have entered a new module supply agreement for high-efficiency Interdigitated Back Contact (IBC) panels, assuring exclusive supply for the US residential market t.
China PV News Snippets
Suntech TOPCon factory put into production; Daqo; Shanghai Tianyang; Chint; Shenzhen Bauing
While Suntech’s 2 GW TOPCon high-efficiency cell smart factory is put into production, Daqo New Energy raises RMB 11 billion for silicon project, Shanghai Tianyang issue shares privately, Zhejiang Chint transfers 311.41 MW household PV, and Shenzhen Bauing signs 3-years deal with EGing PV.
SunPower’s Preliminary Q4/2021 Financials
SunPower Expects Adjusted EBITDA For Q4/2021 To Be At Low End Of Guidance
SunPower Corporation has released its preliminary financial forecast for Q4/2021, expecting adjusted EBITDA to fall in at the low end of its guided range of $18 million to $41 million, and continues to expect GAAP revenues of between $361 million to $421 million.
ADT Enters US Rooftop Solar Business
Electronic Security Company Acquires Sunpro Solar For $825 Million
Smart home and small business electronic security provider ADT has forayed into the US rooftop solar market with the acquisition of residential rooftop solar contractor Sunpro Solar. The deal holds a total enterprise value of around $825 million.
Application Fusion: Resi & C&I Modules
Modules Listed In Residential & C&I Are A Real Mix Of Products Suitable For Both Applications, As Shown In TaiyangNews Advanced Solar Module Technologies 2021 Report
Module makers are preferring to label their products under a broader section of applications and offering the same product for more than one application.
Sunnova To Acquire Residential Solar Platform
US Residential Solar Company Sunnova To Take Over Lennar’s Residential Solar Platform SunStreet, While Becoming Exclusive PV & Storage Service Provider For New Home Communities Of Lennar
In a strategic deal, US based solar and storage services company Sunnova Energy International Inc., has entered into a definitive agreement to acquire SunStreet, the residential solar platform of one of the largest home builders, Lennar Corporation.
Sunrun Deployed 171.6 MW Solar In Q4/2020
Residential Solar & Storage Services Behemoth Sunrun Deployed 171.6 MW Capacity During Q4/2020; Expects To Have Exited 2020 With $2.9 Billion in Net Earning Assets In Preliminary Results Disclosed
Leading US based residential and storage installer Sunrun has released its preliminary financial results for Q4/2020 saying it installed approximately 171.6 MW during the reporting period, counting both Sunrun and Vivint Solar’s deployments which t.
China PV News Snippets: Trina, Jinko, Akcome, CSI
Trina Solar Releases 600W+ Tracking System; JinkoPower & Beijing Energy Sign Strategic Agreement; Akcome Produces First HJT Cell; Canadian Solar Sells 19 MW Power Plant In Japan; China 2020 Household PV Installed Capacity At 10 GW
Trina Solar releases 600W+ tracking system: Chinese solar company Trina Solar Co.Ltd., released its Vanguard 600W+ series tracking system for the Chinese market.
Sonnen Offers Solar+Storage+Grid Deal In Victoria
German Energy Storage Player Sonnen Entices Victorian Households In Australia With Fixed Monthly Electricity Bills To Opt For Rooftop Solar+Storage+Grid Energy With SonnenFlat Energy Plan
Victoria's Solar Homes Program encourages homeowners to opt for rooftop solar panels.
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