SunPower Wins Bid To Supply Solar Solutions In New England
Zacks Investment Research | Mar 19, 2020 09:32PM ET
SunPower Corp. (NASDAQ:SPWR) , in partnership with CPower Energy Management, recently won an auction bid from ISO New England, for delivering its residential solar solutions. Per the terms, SunPower is going to supply approximately 1,375 home solar solutions to New England homeowners, which will translate into approximately 11 megawatts (MW) of direct current (DC) solar power.
By offering localized solar energy at lower prices to these New England homeowners through this auction, SunPower is expected to retain its position as one of the leading energy services providers in North America.
Residential Solar Market & SunPower
The residential solar market in the United States experienced a record year in 2019 as costs fell and its footprint expanded in state markets. In particular, the nation witnessed a record-setting residential solar capacity of 2.8 gigawatts (GW) last year, per a Zacks Investment Research
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