pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
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SunPower goes bankrupt The company, one of the longest running solar companies in the U.S., spun off its manufacturing business in 2020 to focus more squarely on rooftop solar as demand surged. Since then, demand cooled considerably, and, under a high interest rate environment, the strategy proved fatal for the company.
Goldman Sachs invests $440 million in renewable independent power producer The strategic investment in BrightNight will support the development of utility, commercial, and industrial solar and energy storage projects.
More money is going into solar than all other forms of generation combined, reaching $500 billion in 2024 The International Energy Agency projects that solar will attract more investment than all other electricity generation sources combined. Global energy spending is set to surpass $3 trillion for the first time this year.
Republicans request continuation of IRA post-January Eighteen Republican members of the U.S. House of Representatives have urged House Speaker Mike Johnson to preserve the Inflation Reduction Act (IRA) if their party takes control of the political reins in January.
U.S. House of Representatives Chamber at the U.S. Capitol
Image: Wikimedia Commons
Sunrun stock rises on strong cash generation in Q2 earnings The residential solar and energy storage provider increased its battery attachment rates and net subscriber value of its customers.
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