US domestic solar company SunPower has lowed its FY2023 guidance due to reduced consumer demand, delayed revenue recognition from longer cycle times, and a net loss of more than US$30 million in the third quarter this year.
Solar curtailments in California, the US, have never been higher in 2023, as solar generation outpaces transmission capacity upgrades, according to a report from the US Energy Information Administration (EIA).
US utility Duke Energy has completed the sale of its utility-scale renewables arm to renewables asset owner Brookfield Renewable.
US residential solar installer Sunnova’s new customer addition slightly dropped to over 37,000 in the third quarter this year, while its net loss in the same quarter increased to US$56.5 million year-on-year.
Thin-film manufacturer Ascent Solar has received positive feedback from the US Department of Energy (DOE) for its agrivoltaics technology, and the company will now apply for funding for the development of a proposed agrivoltaics system.
Spanish independent power producer Opdenergy has secured US$252 million for two solar projects with a combined capacity of 260MWdc.
North American solar power purchase agreement prices increased 4% in Q3, following a decline in prices in Q2.
US community solar service provider Perch Energy has secured US$30 million from investment company Nuveen.
Solar manufacturer Maxeon Solar Technologies’ shipments in the third quarter could drop by about 23% quarter-on-quarter to only 622MW due to a reduced shipments to a US customer and a drop in demand in the global distributed generation (DG) market.
Solar tracker provider FTC Solar has been selected to supply trackers to renewable developer Sandhills Energy’s 225MW PV project in Nebraska, US.
