KKR Purchases $550 Million Loan Of SunPower

North American residential solar technology and energy services provider SunPower and global investment firm KKR have signed a definitive agreement under which credit funds and accounts managed by KKR will commit to purchasing $550 million of solar energy loans made to SunPower customers. This transaction is expected to support SunPower Financial’s continued ability to offer […]

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SunPower Secures $450 Million To Meet High Solar Loan Demand In US

North American solar power giant SunPower has secured financing commitments of more than $450 million for its residential solar and storage loan program in the US from HASI and from Crédit Agricole CIB. The vehicle will acquire loans made to SunPower customers and is non-recourse to SunPower. Through this transaction, SunPower Financial will continue to […]

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TotalEnergies to Acquire Commercial & Industrial Solar Business of SunPower

TotalEnergies has announced that the company has signed a contract with SunPower Corp.’s to purchase latter’s Commercial & Industrial Solutions (CIS) business for $250 million. The amount includes $60 million of earn-out. TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider. Both the companies have approved the acquisition following a thorough process involving […]

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SunPower Releases “Solid” Financial Results for Q1 2021

SunPower, a California-headquartered solar power generation and energy storage company, has released its financial results for the first quarter of 2021 ended April 4, 2021. The company’s GAAP revenue increased from $290.5 millions in Q1 2020 to $306.4 millions in Q1 2021. GAAP loss decreased by $57.6 million, including $44.7 million related to a mark-to-market loss […]

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Noon Energy’s Breakthrough Renewable Energy Storage Technology Lands $3M Seed Investment

Noon Energy Inc., developer of a revolutionary ultra-low-cost battery technology for long-duration energy storage, closed a $3 million Seed stage investment. Prime Impact Fund led the round and was joined by At One Ventures, Collaborative Fund, and Xplorer Capital. “Long duration storage is the missing link to a fully renewable electric grid. This is a difficult challenge because storage times must be […]

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Majority Total Owned SunPower Completes Maxeon Solar Technologies Split

SunPower, majority-owned by Total, has successfully completed the strategic transaction, announced last Nov, to create two independent public companies SunPower, majority-owned by Total since 2011, has announced that it has successfully completed the strategic transaction, announced last November, to create two independent public companies: SunPower, the leading North American distributed generation company, and Maxeon Solar […]

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KB Home Offers SunPower’s New OneRoof Solar System

KB Home, a leading homebuilder in the United States, announced that it has become the first homebuilder to offer Nasdaq listed SunPower’s new and innovative OneRoof product at its Ashbury new-home community in San Francisco Bay Area. SunPower OneRoof system has delivered an efficient, durable, attractive and cost-effective solar roofing product that is ideal for […]

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SunPower Secures $1 Billion in Solar Plus Storage Financing

SunPower has announced that a new USD 1 billion partnership with Tech CU will increase financing options for qualified US residential solar customers. SunPower Corp has announced that a new USD 1 billion partnership with Technology Credit Union (Tech CU) will increase financing options for qualified US residential solar customers. The new partnership will give SunPower access […]

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SunPower Finds New Way for Solar Promotion amid Covid-19 Crisis

Amid challenging economy due to coronavirus pandemic, Nasdaq listed SunPower has now introduced a new method of solar promotion which offers energy savings and security to US families in immediate need of payment flexibility. California headquartered company has launched a ‘zero down and the first 6 payments covered by Us’ scheme through a VISA Reward Card Rebate*, […]

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