US Solar Potential and Actual Production By State

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US Solar Potential and Actual Production By State
After a drawn-out saga involving a restructuring and a management shakeup, one of the most-prominent names in US solar, SunPower Corp., has
[6 August 2024]
After a drawn-out saga involving a restructuring and a management shakeup, one of the most-prominent names in US solar, SunPower Corp., has now filed for bankruptcy.
Over the course of less than two years, the once-darling of the industry was forced to fire workers to cut costs, restate earnings and it defaulted on a credit agreement. In 2024, the firm replaced its chief executive officer, restructured its operations and lost its accountant.
Industry headwinds added to the woes: High interest rates and subsidy changes in California — the US sector’s biggest market — have been a drag for solar firms that expected big growth from President Joe Biden’s signature climate law of 2022.
SunPower said in court papers that it’s carrying about $2 billion in long-term debt and it’s been struggling since October to avoid potential defaults under various financing arrangements. Top shareholders in the firm include France’s TotalEnergies SE.
US Solar Flourishes as New Data Sets Record Highs
Solar Takes Giant Leap in New Generation Capacity The United States has been witnessing an incredible surge in solar energy growth, and July 2023 stands as a glaring testament to this trend. Data from the Federal Energy Regulatory Commission (FERC) reveals a quantum leap in solar’s contributions to the American energy landscape. In this single month, 1,824 megawatts (MW) of new generation…
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OYA Renewables ("OYA"), an energy transition solutions platform, announced today that Andreas Mantzilas has joined the executive team as Director of Finance.
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