Connect with us

Published

on

SunPower has announced that it raised $175 million in capital financing through a second lien term loan from Sol Holding, the company’s majority shareholder and indirect subsidiary of TotalEnergies and Global Infrastructure Partners. 

The term loan includes $45 million previously funded to the company in December and January, $80 million in new investment and a $50 million second tranche available to be borrowed upon the satisfaction of certain conditions.

SunPower also obtained new long-term waivers from its financial partners and entered into an amendment to its revolving debt facility. Together, these actions provide the company with up to $155 million of additional liquidity.

“This transaction demonstrates the strong conviction of our financial partners in the long-term value proposition of residential solar, storage and renewable energy services, as well as SunPower’s ability to deliver operational excellence for our customers,” said Peter Faricy, SunPower CEO. “With this injection of additional liquidity and working capital to our balance sheet, coupled with substantial cost reductions, SunPower is taking positive steps to position itself to succeed in 2024 and beyond.”

The post SunPower Secures Additional Capital, Revolving Debt from Sol Holding appeared first on Solar Industry.

SunPower Secures Additional Capital, Revolving Debt from Sol Holding

Continue Reading

Renewable Energy

Cage Fighting on the White House Lawn

Published

on

Maybe turning the White House into an attraction for the country’s least educated people (some say “trailer trash”) isn’t a good idea. It’s often referred to as the most demeaning moment in U.S history.

But let’s be real.  Our nation is at its lowest point since its founding.  Maybe we can, as a country, use this moment of extreme degradation as alcoholics refer to as “hitting rock bottom.”

https://www.2greenenergy.com/2026/06/14/white-house-lawn/

Continue Reading

Renewable Energy

An Encounter on Tariffs

Published

on

I met a fellow earlier today who, with a partner, owns and runs a company that imports a wide variety of goods into the United States from China.

I asked him, naively, how tariffs are affecting him.  He said, “Well, until recently, taxes on our goods were 3.5%; now they’re 45%. I pass most of this this on to my (retailer) customer, and he passes it on to you.  If you’re wondering why the price of a stick of deodorant has just gone through the roof, you’ve just figured it out.”

In retrospect, I shouldn’t have brought it up in the first place.

An Encounter on Tariffs

Continue Reading

Renewable Energy

Trevor Noah

Published

on

I met a gentleman from South Africa yesterday, and I told him that I’m sure he knows that Trevor Noah is a huge thing here in the U.S.

He replied that he doesn’t like Trevor Noah and explained that he doesn’t think politics and comedy should be mixed.

I thought that to be peculiar, as political humor has been a big deal here for centuries, and has grown mightily since the 1970s.  Think of Saturday Night Live and all the late-night television hosts that have come along and achieved huge popularity.

More to the point, this is Trevor Noah’s brand. It’s what he does–and sells for a living. It’s like Nike and its swoosh and it’s “Just do it” slogan.

I have a feeling that what he objects to is the mixing of left-wing politics and comedy, because he doesn’t like to see progressive ideas promoted in society.

https://www.2greenenergy.com/2026/06/14/trevor-noah/

Continue Reading

Trending

Copyright © 2022 BreakingClimateChange.com