Solar Servicing to acquire insolvent Mosaic
Solar Servicing LLC, a unit of Forbright Bank, will acquire insolvent Mosaic, with no plans to issue new loans but continued support for existing borrowers.
Battery maker Energy Renaissance enters administration in Australia
Lithium ion battery maker Energy Renaissance has gone into administration in Australia after a key investor pulled out of a planned funding round, leaving the company in a cash crisis.
US battery supplier Powin files for bankruptcy
Oregon-based battery system integrator Powin faces rising tariffs as it imports lithium iron phosphate (LFP) battery components from China.
Sunnova files for bankruptcy
US residential solar company Sunnova has entered into asset and power purchase agreements to support operations while it seeks a buyer.
Meyer Burger’s German subsidiaries file for insolvency
Meyer Burger said it filed for insolvency for its German subsidiaries, following intensive efforts to keep Meyer Burger Industries GmbH and Meyer Burger Germany GmbH operational.
A tumultuous year for solar and batteries
In five key trends, pv magazine looks back over a year that saw PV module prices fall lower than many thought possible, while demand was restrained by grid congestion, among other challenges. Energy storage has had a strong year and geopolitics is seeing solar and battery manufacturing enter new regions as competition drives technical innovation.
SunPower goes bankrupt
The US residential solar installer has filed for bankruptcy, among the largest in a series of major bankruptcies in the industry.
Solarnative files for insolvency proceedings
The move follows failed efforts at Intersolar to find an investor or buyer. The manufacturer of micro inverters filed for insolvency right at the end of the trade fair.
Weekend Read: Gray skies over Californian solar
There may be a global solar boom but a drastic revision of California’s net metering program has ruptured the industry overnight and is affecting everyone from installers to financiers to makers of power electronics.
Weekend Read: Thin prospects
The production of PV ingots and wafers remains the most highly concentrated of all the production stages in the silicon solar supply chain. Yet efforts to re-establish production in Europe and the United States are not for the faint-hearted.
