Featured in Moving in circles – 09-2024

End of the line for a US solar giant

SunPower, one of the largest, oldest, and most influential solar businesses in the United States, has closed its doors. Residential solar installers in the United States have struggled as interest rates have risen and cash generation has emerged as an issue.

By

Ryan Kennedy

06 Sep 2024

SunPower’s bankruptcy comes amid a wider downturn for US residential solar. | Image: SunPower

The residential solar industry is often referred to in the United States as the “solar coaster,” as it has gone through peaks and troughs of customer demand, business profitability, and investment.SunPower, one of the largest and oldest solar companies in the United States, has taken its last dip after announcing bankruptcy and delisting from the …

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