Renewable Energy

(Reuters) – A U.S. bankruptcy court judge approved on Thursday a $45 million bid for the assets of failed residential solar company SunPower by rival Complete Solaria. WHY IT’S IMPORTANT Approval of the “stalking horse” bid means California-based Complete Solaria will snap up SunPower’s major assets if no higher offers emerge in the coming weeks. …

U.S. Bankruptcy Court Approves Stalking Horse Bid for SunPower Assets Read More »

(Reuters) – U.S. President Joe Biden’s administration said on Thursday it had finalized a plan to expand solar energy on federal lands in 11 western states, part of a broader push to speed the permitting and construction of big infrastructure projects. The White House wants to accelerate approval of projects ranging from power transmission to …

Biden Administration Finalizes Solar Lands Plan, Touts Permitting Progress Read More »

(Reuters) – Shares in Swiss solar panel maker Meyer Burger plunged more than 50% on Monday after the company halted plans for a plant in Colorado, further delayed its financial results and said it was drawing up a restructuring plan. Meyer Burger had earlier this month already postponed publication of its 2024 half-year results until Sept. …

Solar Panel Maker Meyer Burger’s Shares Plummet After it Halts U.S. Plant, Delays Results Read More »

(Reuters) – A California residential solar subsidy will cost ratepayers who do not have rooftop panels about $8.5 billion annually by the end of this year, contributing to higher electricity rates for consumers, according to an analysis published on Thursday by the top U.S. solar state’s ratepayer advocate. WHY IT MATTERS California’s Public Utilities Commission …

California Rooftop Solar Subsidy to Cost $8.5 Billion a Year, Says Ratepayer Advocate Read More »