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.
Etrion posts $110.4 million net loss in 2016
The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.
Enertronica secures engineering contract for 50 MW of solar in the U.S.
The Italian solar company has secured an engineering contract to build two PV plants totaling 50 MW in the United States. Furthermore, Enertronica has set up a new subsidiary in Delaware.
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.
Aquion files for Chapter 11 bankruptcy
After losing money for the past two years, the saltwater battery storage company couldn’t raise enough new capital to meet its debt obligations, leading to the filing in the U.S. Bankruptcy Court for the District of Delaware yesterday.
ReneSola to build 550 MW globally in 2017
The Chinese integrated PV manufacturer and developer currently has 335 MW of solar capacity under construction in seven countries, with plans to finish 550 MW by the end of the year.
BREAKING: U.S. authorities could lower Taiwanese import duties to single digits
An preliminary finding by the Department of Commerce could lower import duties first imposed on Taiwan solar cell manufacturers in 2014 from high double-digits to single digits, while tariffs on Chinese module and cell manufacturers imposed at the same time remain in place.
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.
Gaz Métro acquires Standard Solar to enter U.S. commercial market
The acquisition allows the Maryland commercial firm to expand its service offerings and explore the possibilities of becoming an independent power producer.
