Looks Like Suniva’s Finally Up For Sale (No, Really, We Mean It This Time)

Suniva

By Frank Andorka, Senior Correspondent

It appears Suniva may finally be ready to undergo the sale we’ve all been anticipating for more than a year.

SQN Capital Management, the company’s largest creditor and the one who once tried to get a $55 million payment from the Chinese Chamber of Commerce to make the trade case go away last May, announced that the bankruptcy court has finally awarded it full title to “the cutting edge technology, licenses, and manufacturing capacity” of the company. Which, most solar observers assume, means all that will soon be up for sale.

It’s the only logical outcome for Suniva, which last April filed the trade complaint that would shake the industry to its core and end in January with President Donald J. Trump imposing 30% tariffs on all imported solar modules. It is, of course, a bittersweet outcome and one that stands in stark contrast to what happened to its co-complainant, SolarWorld. I

In its own Cinderella story, SolarWorld was recently purchased by SunPower, who has pledged to keep the Oregon factory open, keep the workers employed and perhaps even hire more. The executives are walking away with golden parachutes and a huge payout. It’s a win-win all around.

Not so with Suniva. There’s been no announced plan to reopen any plants or restart manufacturing in either Atlanta or Saginaw, Michigan. Hundreds of people lost their jobs when Suniva shut down virtually overnight last year, and there hasn’t been any plan that indicates they’ll get their jobs back.

As we’ve talked about before, the Suniva part of this power play has always been about getting SQN its money back come hell or high water. It appears the bankruptcy court has just given SQN what it needed to make that happen for themselves. SQN has been hinting for months that it had a couple of interested parties in what’s left of Suniva if only it could get its hands on all the property from the court. Now they have it.

Let the bidding begin.

Will We All End Up Working For SunPower?: Module Company Launches Battery Partnership With sonnen

SunPower

By Frank Andorka, Senior Correspondent

SunPower is proving that you can be everything to everybody without trying to be the expert in everything yourself – a business model that could bode well for the company’s future as the U.S. solar industry continues to grow.

First, it purchased mid-tier module maker SolarWorld and announced plans to take over its Oregon manufacturing facility to broaden the scope of its module products. Tuesday, it announced it was selling its microinverter line to industry powerhouse Enphase and converting its AC module line to Enphase inverters instead of continuing to manufacture the products themselves. Which brings us to yesterday and the partnership with energy storage giant sonnen.

“SunPower is the solar industry’s gold standard for superior solar products and services which fits perfectly with sonnen’s leadership in developing intelligent and high performing residential energy storage systems,” said Blake Richetta, Senior Vice President and head of sonnen’s U.S. division, in a press release. “This new program is an ideal marriage between two innovative companies who possess a similar vision to provide premium technology that leads us to a clean and reliable energy future. We are eager to integrate our products and systems with Equinox and offer a premier and comprehensive solution for the growing solar + storage marketplace.”

As with the Enphase partnership, the new sonnen program centers around pairing the company’s energy storage offering with SunPower’s Equinox home solar energy systems. And, much like the deal with Enphase, it’s a partnership that benefits both parties.

SunPower dealers can now offer their customers a full system, from modules to inverters to storage, with no fuss and no muss. sonnen gets U.S. exposure and a built-in distribution system through SunPower’s integrated solar installers’ list.

Quietly, without much fanfare and almost in the background, SunPower is assembling a team that could position it to be the country’s leading solar company before long.

Somewhere, SunPower CEO Tom Werner is smiling.

Puerto Rico Advocates Form Solar + Storage Trade Group For Island

Puerto Rico

By Frank Andorka, Senior Correspondent

A group of solar + storage advocates has formed a new trade organization to fight for solar + storage solutions in Puerto Rico.

The Solar and Energy Storage Association of Puerto Rico (SESA-PR) will promote the use of solar and energy storage to restore electricity to the entire island, something with which the U.S. protectorate has struggled since Hurricane Maria devastated the area last September.

“At this crucial moment for Puerto Rico, we are calling on the people to join this effort that aims to guide and educate around the use of solar energy to reduce dependence on the traditional electrical system,” said Patrick James Wilson, President of SESA-PR. “We have assembled a group of experts who will participate in a broad discussion on the future of energy on the island and share their perspectives from various sectors such as government, finance and economic development.”

One of the group’s executives grew up in Puerto Rico and said in a release announcing the group’s formation that the electric grid on the island has been broken since long before Maria ever visited the island.

“I was born and raised in Puerto Rico,” said Alejandro Uriarte, Director of SESA-PR and Managing Partner at New Energy Consultants. “Our electric grid was broken when I was growing up and is obviously in even worse condition today. Rebuilding after the hurricanes provides our island with a unique opportunity to upgrade our grid using better, more reliable technology like solar and battery storage that can make Puerto Rico an energy leader in the United States and across the world.”

Together, SESA-PR and partners will be hosting the inaugural SESA Puerto Rico Energy Summit on June 25 and 26. The conference will focus on the future of energy for the island and provide the perspectives from the intersecting worlds of solar, energy storage, government, finance, and economic development.

RSVP for the June 25 and 26 conference being held at the Intercontinental San Juan, in San Juan, Puerto Rico, HERE.

SESA-PR hopes to serve as the voice of the renewable and distributed energy industry in rebuilding conversations in Puerto Rico, Washington, D.C., and nationally.