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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In China, a Mixed Bag of Results And News from Solar Majors in Q1

Close on the heels of a strong recovery in March this year, right after the worst of the Covid-19 imposed lockdowns in the country, major China-based firms have declared a mixed set of  news, guidance, and results. Bringing up the tough news was Sunpower, a manufacturer of cells and modules, which has idled its plants […]

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SunPower to Supply Clean Solar Energy to Chevron’s Lost Hills Oil Field for 20 Yrs

Also, it is expected that the project will produce over 1.4 billion kilowatt hours of clean solar power during its tenure of 20 years. California-headquartered SunPower has entered into a 20 year power purchase agreement (PPA) to supply renewable energy to Chevron’s Lost Hills Oil Field. Moreover, the company has also started construction on the […]

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