Tag: SunPower

SunPower Files for Chapter 11 Bankruptcy, Enters Asset Sale Agreement

US residential solar provider SunPower has filed for voluntary relief under Chapter 11 of the US Bankruptcy Code. Concurrently,...

SunPower Suspends New Lease and PPA Sales Amid Cost-Cutting Efforts

SunPower, a U.S. residential solar company, has announced the suspension of various services, including new lease and power purchase...

SunPower Taps USD 50 Million Tranche of Financing from Majority Owner Sol Holding

SunPower has accessed the USD 50 million second tranche of its USD 175 million second lien term loan, secured...

SunPower Receives Loan Extensions and Extra USD 20 Million Financing

SunPower Corp, a leading US residential solar company, has successfully obtained additional waiver extensions from its lenders along with...

Maxeon Solar Files Lawsuit Against Aiko Energy Over Patent Infringement

Maxeon Solar Technologies has initiated a patent infringement lawsuit against Aiko Energy in a Dutch court. The lawsuit, filed...

SunPower Faces Financial Strain as Credit Agreement Breach Raises Concerns

SunPower has disclosed a breach of its credit agreement, raising uncertainties about its ability to sustain operations. The breach,...

Hanersun to Supply 400MW of Advanced Solar Modules to Solfácil, Boosting Brazil’s Growing Distributed Solar Market

Hanersun, a Chinese solar module manufacturer, has entered into a memorandum of understanding (MoU) with Brazilian solar investment platform...

SunPower Reports Q3 Net Loss of US$32 Million, Adjusts FY2023 Guidance

US-based residential solar provider, SunPower, has revised its full-year 2023 financial guidance, attributing the changes to diminished consumer demand...

SunPower Faces Class Action Lawsuits Amidst Financial Reporting Concerns

SunPower, a domestic solar company in the United States, finds itself entangled in class action lawsuits as investors allege...

Maxeon Plans to Invest $900 Million in Solar Energy in the Philippines

MaxeonMaxeon has announced plans to invest $900 million in solar energy in the Philippines as part of its expansion...

SunPower secures $550m loan from KKR to finance solar energy loans

SunPower, a leading US residential PV company, has secured a massive $550 million loan from global investment firm KKR...

SunPower Secures $450 Million Financing for Residential Solar and Storage Loan Program

SunPower, a provider of solar energy and storage solutions, has secured over $450 million in financing commitments for its...