residential-solar

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2023 Best Year for US Solar Industry with 32.4 GW of Capacity Added

The solar market in the U.S. installed 32.4 GW capacity in 2023, a 51% increase from the previous year, according to the Solar Market Insight Report for 2023 by the...

March 11, 2024

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Staff

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Markets & Policy

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Solar
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US Residential Solar Prices Drop in Second Half of 2023 Amid Slowing Demand

Solar prices fell for the first time since mid-2021 in the U.S., dropping 3.5% to $2.80/W in the second half (H2) of 2023, highlighting a residential solar market...

February 26, 2024

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Staff

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Markets & Policy

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Solar
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MNRE Issues Clarification on Residential Rooftop Solar Subsidy

Residential rooftop solar applications submitted before February 13, 2024, will not be applicable for central financial assistance (CFA) under the new PM Surya Ghar:...

February 20, 2024

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Staff

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Markets & Policy

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Rooftop
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SunPower’s Q4 Revenue Falls as Higher Interest Rates and NEM 3.0 Hurt Sales

Distributed generation, storage, and energy services company SunPower Corporation posted a fourth-quarter (Q4) revenue of $356.9 million, down 28% from $498 million last...

February 16, 2024

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Staff

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Finance and M&A

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Rooftop
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US Installs Record 7.3 GWh Energy Storage Capacity in Q3 2023

The U.S. energy storage market installed 7,322 MWh in the third quarter (Q3) of 2023, the highest capacity in a quarter to date, according to the U.S. Energy Storage...

December 14, 2023

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Staff

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Energy Storage

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Markets & Policy
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Sunnova’s Q3 Loss Jumps 75% YoY to $56.5 Million, as Operating Expenses Mount

U.S.-based residential solar firm Sunnova reported a net loss of $56.5 million in the third quarter (Q3) of the year, an increase of 74.9% year-over-year (YoY) in...

October 27, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Daily News Wrap-Up: Solar Auctions Up 86%, Tenders Rise 5% YoY in Q3 2023

Solar power project tenders floated by multiple implementing agencies in India rose 5% year-over-year to over 13 GW during the third quarter of the calendar year 2023,...

October 13, 2023

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Mercom Staff

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Daily Wrap-up
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Reduced Cost & Module Efficiency Drive Residential Solar Growth in the US

New residential solar installations in the U.S. had a median size of 7.2 kW in 2022, a significant jump from the 2.4 kW seen in 2000, thanks to cost reductions and...

October 12, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Residential Solar Firm Suntuity to Go Public Via $190 Million SPAC Deal

Suntuity Renewables, a U.S.-based residential solar company, has reached a $190 million business combination deal with Beard Energy Transition Acquisition Corp., a...

May 22, 2023

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Arjun Joshi

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Finance and M&A

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Solar
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SunPower’s Q4 Revenue Jumps 43% to $497 Million on Record New Customers

Distributed generation storage and energy services provider SunPower Corporation‘s revenue came in at $497.3 million for the fourth quarter (Q4) of 2022, a 43%...

February 20, 2023

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Gourav Mishra

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Energy Storage

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Finance and M&A
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Sunrun to Expand Assets Using Recently Secured Loan of $835 Million

U.S.-based residential solar company Sunrun closed $835 million in non-recourse financings to expand its assets that will help the company maintain the growth trajectory...

January 10, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Residential Solar Firm Sunrun’s Q3 Revenue Jumps 44% YoY on Higher Customer Acquisition

U.S.-based company Sunrun posted total revenue of $631.9 million in the third quarter (Q3) of 2022, up 44% year-over-year (YoY), on the back of growth in customer...

November 3, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Increased Demand for Residential Solar Systems Boost Sunnova’s Q3 Revenue by 116%

U.S.-based residential solar company Sunnova posted a year-over-year (YoY) surge of 116% in revenue at $149.3 million for the third quarter (Q3) of 2022 compared to $68....

October 28, 2022

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Gourav Mishra

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Markets & Policy

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Solar
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Sunnova Records 59% YoY Increase in Revenue With $65.7 Million in Q1 2022

U.S.-based residential solar company Sunnova reported revenue of $65.7 million in the first quarter of 2022, a year-over-year (YoY) increase of 59% compared to $41.3...

May 2, 2022

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Gourav Mishra

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Markets & Policy

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Solar
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Daily News Wrap-Up: juwi to Build Solar Battery Hybrid Project at Egypt’s Largest Gold Mine

Here are some noteworthy cleantech announcements of the day from around the world: South Africa-based subsidiary of German renewable energy company juwi has signed an...

May 6, 2021

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Srinwanti Das

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Other

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Renewable Energy

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