Tesla to issue US$1 billion stock & convertible bond offering
The EV, solar and battery company has filed to issue $750 million in convertible notes, and another one million shares of stock in advance of its Model 3 roll-out.
Blattner Energy takes top U.S. solar EPC spot in 2016 (with chart)
IHS Markit’s latest assessment of U.S. solar contractors finds that Blattner outpaced First Solar to take the top spot in 2016.
Net metering 2.0 slows down California’s residential solar market
Solar industry commentary is echoing state data, which shows that the implementation of net metering 2.0 and time-of-use rates is having a significant negative effect on California’s distributed solar market.
Trina Solar goes private
The Chinese PV maker has completed its merger transaction and will now become a private company. Trading of Trina’s shares on the NYSE have been suspended pending de-listing.
Sungevity files for bankruptcy amid rumors of IKEA buyout
Four days after laying off an estimated 400 employees, Sungevity has filed for Chapter 11 bankruptcy. Meanwhile former employees say that a potential acquisition of the company’s European business by IKEA is afoot.
Intevac reports massive ion implant tool order
The company’s ENERGi systems will be used to enable a more than 1 GW expansion of high-efficiency n-type mono cell capacity for an un-named customer in China, a big boost for the technology.
Sunrun grows, captures more market share in 2016
The third party solar company’s quarterly results show its 2016 deployments growing at double the rate of the U.S. residential market, as Sunrun begins offering energy storage and changes its relationship to utilities.
1366, Hanwha reach 19.9% efficiency with PERC
The company has simultaneously announced its the first deployment of cells made from its Direct Wafer products in a 500 kW commercial solar array in Japan.
BREAKING: Brookfield to take over TerraForm Power, Global
Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.
U.S. energy storage MWhs double in 2016
A rush of projects to make up for grid resources lost with the Aliso Canyon gas leak boosted energy storage deployments to a record level in Q4.
