Renewable energy

Earlier this month SolarCity announced details of a new high-efficiency solar panel it plans on producing at its 1 GW module factory under-construction in Buffalo, NY. The company claimed that the module’s 22.04% efficiency was enough to make it the “most efficient rooftop solar module” ever made.  The claim apparently sparked a “war” of high-efficiency solar panels because in the week following the announcement two other solar panel makers claimed to have surpassed SolarCity’s record.
Expand
Expanding
Close

SolarCity announced today a new project with the Temecula Valley Unified School District to install 6 MW of solar energy capacity and 2.6 MWh of energy storage at a total of 19 schools in the district. The solar installations will mainly consist of carports using the company’s ZS Beam system (see picture above).
Expand
Expanding
Close

According to a new report from GTM on Sunday, SunEdison sent out an internal memo last Friday to announce an important restructuring process which will include laying-off about 10% of the company’s workforce. The restructuring comes amid investor concerns about the company’s strategy which has been “all over the place” lately. Most notably, the company’s acquisition of the residential solar installer Vivint for $2.2 billion earlier this summer.

The decision to buy a residential solar provider was out of SunEdison’s core business, which mostly consist of developing utility-scale solar projects. Now the company might have to sell some of these projects in order to get rid of mounting debts (~$10 billion).
Expand
Expanding
Close