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The former BrightSource Energy solar plant, Coalinga, California. BrightSource was formed with seed capital from VantagePoint Venture Partners. It secured $115 million in additional corporate funding from its Series C round of financing in May 2008, bringing the total the company has raised at that time to over $160 million.
The company was established in 2007 and is headquartered in San Francisco, California. Since its inception, the company has focused primarily on a power purchase agreement (PPA) business model where Sunrun installs and maintains a solar system on a customer's home, then sells power to the customer at an agreed upon rate for a 20- or 25-year term.
Project Sunroof was created by Google engineer Carl Elkin as a 20% time project. While initially launching only in the cities of Boston, San Francisco, and Fresno, [3] the project now displays solar potential for 43 million homes in the US. [4]
InClime awarded SunShare six projects, including its "Juniper Sol" project near Eldorado. The company bought a 50-acre parcel of land — 26 acres of which would have solar panels, surrounded by a ...
Another three solar projects that are scheduled to begin operation in mid-2024 will give Alliant's solar installations the ability to generate 1,089 MW and power nearly 300,000 homes.
SunPower was spun-off as a separate business from Cypress in 2008. [14] SunPower acquired Sunray Renewable Energy, a solar panel company based in Italy, for $277 million in 2010, in order to expand in Europe. [15] [16] The following year, SunPower cut back production due to an overall market decline in solar power purchases. [17]
A second phase, Sebree Solar II, will start construction on 900 acres in early 2025 and begin operations by the end of 2026. It will have a generation capacity of 150 MW.
The company also provides residential solar maintenance services in the United States. Among other photovoltaic installations, NovaSource's U.S. operations portfolio includes the Topaz Solar Farm [21] and Solar Star [22] plants in California, Umbriel Solar [23] in Texas, Sun Streams 3 [24] in Arizona, and Assembly II and III [25] in Michigan.