If Pacific Gas & Electric goes bankrupt, who gets final say over whether it can renegotiate its old and expensive solar power-purchase agreements — federal regulators or the bankruptcy court? This multibillion-dollar question has come to the fore as PG&E, overwhelmed by tens of billions of dollars in potential wildfire liabilities, prepares to file for Chapter 11 bankruptcy protection as early as tomorrow. … Read More →
Investors React Positively to SunEdison’s Restructured Plan to Buy Vivint Solar
SunEdison shares jumped more than 14 percent today after the company revised the terms of its acquisition of residential installer Vivint Solar. In July, SunEdison unveiled a $2.2 billion plan to acquire Vivint in cash, stock and convertible notes. Investors were not thrilled with the terms of the deal, however, and SunEdison’s stock declined precipitously over the following months. … Read More →
18 schools across California turn to SunEdison to save millions with solar
SunEdison, Inc. today announced that it has signed 20-year power-purchase agreements with six school districts across California. These agreements will see more than 9 megawatts of solar installed at 18 elementary, middle, and high schools throughout the state, and is expected to save taxpayers more than $30 million in energy costs over the next 20 years. … Read More →
SunPower Plans to Sell Rooftop Solar Electricity in California
SunPower Corp., the second-biggest U.S. solar manufacturer, is developing a plan to sell electricity in California. As the company combines its rooftop solar, energy storage and management systems, it will tap those resources to sell into the California bulk-power marketplace, Chief Executive Officer Tom Werner said in an interview Tuesday at the Edison Electric Institute Financial Conference in Hollywood, Florida. … Read More →
SolarCraft Completes Solar Power System for Horicon School District – Sonoma County School Makes the Switch to Solar Power
Novato and Sonoma based SolarCraft announced the completion of a 59 kW solar electric system at Horicon Elementary School in Annapolis, CA, near the northern coast of Sonoma County. The new photovoltaic system will offset 99% of their utility grid demand, essentially eliminating their electric bills and saving the school district thousands in utility fees every year. … Read More →
As the push for solar increases, so do the scams, sketchy sales tactics
Solar scams are on the rise, as some companies hit homeowners with increasingly aggressive sales and marketing tactics, and under-deliver on promises of low installation cost and big electricity savings. Recent stories from around the state include a solar installer climbing atop a home without permission to take roof measurements and contractors pulling city building permits even before customers sign contracts, state officials say. … Read More →
The Battle for Third Place in the US Residential Solar Installer Race
Sunrun, located in North Hollywood, CA fresh off of its IPO announcement, has something else to celebrate. In the first quarter of the year, it installed more residential solar than any other firm not named SolarCity or Vivint Solar. That’s according to the latest edition of GTM Research’s U.S. PV Leaderboard, released today. … Read More →
Powering Forward: Clean energy empowers Native American tribes seeking self-sustainability
Tribal sovereignty is an age-old Native American value that today is becoming synonymous with energy independence. With help from JLM Energy in Rocklin, the Bear River Band of Rohnerville Rancheria tribe is on the leading edge of the movement in California. … Read More →
Why Cisco Is Buying Solar Energy
Cisco is the latest tech company to embrace clean energy. What’s behind this trend? Tech giant Cisco Systems, based in San Jose, CA, plans to buy energy from a solar farm that power company NRG Energy plans to build in California’s Sonoran Desert. … Read More →
NRG Spinoff Buys Into Giant California Solar Farm
A spinoff of NRG Energy is buying a 25 percent interest in the massive new Desert Sunlight Solar Farm in southern California for $285 million. … Read More →