Europe’s New Renewable Energy Target Draws Mixed Reactions

European Union officials drew mixed responses from special interest groups this week after agreeing to a binding renewable energy target of 32 percent by 2030. The target represents a climbdown for the European Parliament, which had originally proposed 35 percent. But it is still a big improvement over the European Council’s counteroffer of 27 percent.… Continue reading Europe’s New Renewable Energy Target Draws Mixed Reactions

SQN Releases Suniva From Bankruptcy, Plans to Reboot Operations

SQN Capital Management issued a statement Thursday that is has released solar module manufacturer Suniva from bankruptcy, and plans to “restart operations as soon as possible.” Suniva filed for Chapter 11 bankruptcy protection last April. Shortly after, the Georgia-based solar manufacturer filed a Section 201 trade case, seeking relief from “destructive” foreign trade practices. At… Continue reading SQN Releases Suniva From Bankruptcy, Plans to Reboot Operations

Enphase to Acquire SunPower’s Microinverter Business

Enphase Energy announced after trading hours Tuesday that it plans to acquire SunPower's microinverter business for $25 million in cash and $7.5 million in shares of Enphase common stock. The five-year agreement is intended to “accelerate global adoption of AC modules as the de facto residential solution,” according to a press release. The deal adds… Continue reading Enphase to Acquire SunPower’s Microinverter Business

Tesla to Cut Workforce by 9%, Musk Says Won’t Affect Model 3 Production

Tesla CEO Elon Musk told employees this week the company plans to make significant job cuts as part of a comprehensive restructuring effort. “[W]e have made the difficult decision to let go of approximately 9% of our colleagues across the company,” Musk wrote in an email to all staff. “These cuts were almost entirely made… Continue reading Tesla to Cut Workforce by 9%, Musk Says Won’t Affect Model 3 Production

Nevada Beats Arizona’s Record-Low Solar PPA Price

Records don't last long in the cleantech business.  Just days ago, we were reporting that the Central Arizona Project had secured the lowest confirmed solar price in the U.S., when it approved a 20-year power purchase agreement at $24.99 per megawatt-hour. That's setting aside an Austin Energy PPA from December that could be lower, but has… Continue reading Nevada Beats Arizona’s Record-Low Solar PPA Price