With 2020 righteously drawing to a detailed, we right here at Greentech Media are looking again in any respect the information we coated.
It was a yr not like every other. Within the photo voltaic business, large-scale photo voltaic is anticipated to hit annual capability data. On the similar time, dwelling photo voltaic firms struggled to maintain afloat throughout a number of the worst months of the coronavirus pandemic. And with a brand new president headed for the White Home, clear power is hoping to get a big increase, although it weathered years of coverage uncertainty beneath Trump whereas nonetheless putting in important volumes.
Listed below are a number of the largest themes and tales we coated in 2020 to offer you a head begin on 2021.
‘No One is Being Spared’: Coronavirus Shutdowns Sap Demand for Residential Photo voltaic
Within the early days of the pandemic (bear in mind these?) residential photo voltaic firms similar to Sunnova described “herky-jerky” demand because the business struggled to return to phrases with the disaster.
A New Response to Coronavirus: Giving Photo voltaic Away for Free
After struggling waning demand, photo voltaic firms needed to provide you with modern methods to spice up gross sales. Many, significantly within the residential sector, turned to cut-rate offers.
Would US Photo voltaic Tariffs Disappear Beneath a Biden Administration? Don’t Depend On It
President Trump’s most important transfer on photo voltaic throughout his time in workplace was instituting Part 201 tariffs. President-elect Joe Biden could hold them round.
Photo voltaic Tariffs Boosted US-Produced Modules, However Trade Stays Break up on Their Future
Tariffs have bifurcated the U.S. market, with U.S. producers largely encouraging them and builders plus the business’s largest commerce group, the Photo voltaic Power Industries Affiliation, opposing them. In February, a midterm assessment of the tariffs’ impression confirmed the tariffs had inspired module manufacturing within the U.S. however didn’t do the identical for photo voltaic cells. Biden, who has pledged to spice up U.S. manufacturing, faces a formidable job in boosting the home clear power business.
Sunrun to Purchase Vivint Photo voltaic, Creating House Photo voltaic Big
Amid a devastating pandemic that challenged the residential photo voltaic business, the U.S.’s two largest gamers introduced they have been becoming a member of. The acquisition grows Sunrun’s portfolio to half 1,000,000 clients, accounting for a close to 20 p.c market share that considerably outranks any competitor. The acquisition closed in October.
From Backwoods to Bankrupt: the Rise and Fall of Actual Items Photo voltaic
In 2020, Actual Items Photo voltaic ended a long term within the business, after evolving from a begin with “hippies within the woods” to an IPO in 2008. A not unusual cautionary story within the business, the corporate was unable to stability progress with revenue because it aged from its early years by means of the photo voltaic increase of the mid-2010s.
This Swiss Asset Agency is Shopping for Up America’s Largest Photo voltaic Tasks
Capital Dynamics, an asset supervisor based mostly in Switzerland, has turn into probably the most important homeowners of large-scale photo voltaic initiatives in the US. GTM dug into what the corporate sees in buying photo voltaic and storage property as extra traders crowd the area.