Leading US solar installer Sunrun installed 792MW of solar capacity in 2021, a 31% growth on 2020, exceeding guidance, reflecting the highest growth rate in five years and bringing its total networked capacity to 4.7GW, according to its Q4 and full year 2021 financial results.
Leading US solar installer Sunrun has upsized its loan facility to US$425 million from US$250 million at “enhanced terms and longer tenor” to reflect the company’s higher valuation and strong performance.
Sunrun has increased its guidance for 2021 after a first quarter performance which has put the company on track to record its best ever year, CEO Lynn Jurich said.
Israeli developer Solegreen has invested US$104 million in solar installer Kuubix to help it pursue an "aggressive" expansion strategy across its core markets in the US.
PV Tech delves into the performance of the top five publicly-listed US residential solar installers – Tesla, Sunrun, SunPower, Vivint Solar and Sunnova – detailing how they grew their market share in 2020, how regionality affected installs last year, and what hurdles the sector can expect in 2021.
Tesla reported a significant increase in energy storage deployments for the fourth quarter of 2020, more than doubling record figures from the previous quarter as battery manufacturing expansions led to greater product availability but demand still outstrips supply.
US residential solar leader Sunrun has posted a 40% surge in installs in Q3 2020, noting that the productivity of its sales force has surged throughout the pandemic.
Sunrun is hoping a gradual reopening of its sales channels and the “flywheel opportunity” of grid services in the US will provide a major boost moving forward, as it targets a 20% surge in installs throughout Q3 2020.
