In a move being billed as a “new chapter in American solar panel manufacturing” SunPower, one of the world’s leading solar manufacturers, has announced that it will acquire 100% of SolarWorld Americas, one of the two companies who filed a Section 201 trade case that led to the imposition of 30% tariffs on all imported solar cells and modules into the United States.
New analysis of the US solar market by GTM Research has revealed that SunPower leads the way as the foremost US commercial solar provider, followed by Tesla and NRG.
American solar manufacturer SunPower has announced restructuring plans in the wake of Donald Trump’s imposition of a 30% tariff on solar modules and cells following a Section 201 trade case, which will see the company cut up to 250 jobs and incur restructuring costs of between $20 million and $30 million.
California-based world-leading solar manufacturer SunPower reported tepid results in its Fourth Quarter and Full Year 2017 results last week, with revenues down 35% year-over-year and First Quarter and Full Year 2018 revenues well below expectations due to the impact of Donald Trump’s 30% solar import tariff.
We’ve got stories about emissions-sniffing drones, the new Formula E race car, Volvo’s carbon neutral engine plant, a dual-motor AWD Tesla Model 3, Shell’s investment in solar, lower-carbon aluminum production, Indian solar news, DIY shaving cream, natural hangover remedies, and more in today’s cleantech news roundup.
8point3 Energy Partners, the yieldco set up in 2015 by First Solar and SunPower, has entered into a Plan of Merger and Purchase Agreement with CD Clean Energy and Infrastructure V JV, LLC, an investment fund managed by Capital Dynamics, in a deal expected to represent about $977 million in equity value and about $1.7 billion in enterprise value.
What happened in the solar & storage industries in October? A lot! Below is a concise summary of the most notable solar and energy storage stories of the month.
SunPower, one of the world’s leading solar manufacturers, has this week seen its shares jump 15% on the back of its third-quarter earnings report in which the company reported increased revenue of $477.2 million.
One of the world’s leading solar manufacturers, SunPower, has revealed this week that it will provide 505 MW worth of products in the first and second round of French energy regulator CRE’s tenders for solar projects, more than any other solar panel manufacturer.
SunPower announced earlier this month that it had signed with True Green Capital Management to establish a $140 million portfolio of 50 MW worth of solar assets, of which the first 4.6 MW SunPower system is already currently under construction.
