Roseville-based solar company Sunworks buying Utah firm for nearly $52 million
Sacramento Bee 1 day ago Vincent Moleski, The Sacramento Bee
Apr. 9 Sunworks, a solar panel installation company based in Roseville, will be buying a privately-held firm for nearly $52 million, expanding its reach to 12 states.
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The agreement, announced Thursday, calls for a subsidiary of Sunworks to pay $51.8 million for Solcius, a residential solar installation company based in Utah that already serves 10 states on its own.
Combined, Sunworks companies will now primarily serve California, Oregon, Utah, Nevada, Arizona, New Mexico, Texas, Colorado, Minnesota, Wisconsin, Massachusetts and South Carolina, according to a news release from the company. Combined net revenues of both Sunworks and Solcius were about $131.5 million in 2020, an estimated $38 million of which was generated by Sunworks. Solcius generated a significantly higher $93.4 million that same year.
Sunworks and Solcius to Combine, Creating Leading Solar Installation Company with Broad National Presence
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Sunworks, Inc : Sunworks and Solcius to Combine, Creating Leading Solar Installation Company with Broad National Presence
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POLITICO
DOE s first task for loan guarantees: Calming industry nerves
Business executives and attorneys say they are nervous about the high cost of applying for the loan guarantees and fear they could see their requests get stuck in limbo for years.
Jennifer Granholm testifies before the Senate Energy Committee. | Graeme Jennings/Pool via AP
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Energy Secretary Jennifer Granholm has put the Energy Department s $43 billion loan guarantee program at the forefront of her plans to decarbonize the grid, but convincing companies to overcome their jitters and tap into the program will be the first challenge.
Business executives and attorneys say they are nervous about the high cost of applying for the loan guarantees and fear they could see their requests get stuck in limbo for years. Some said they have avoided the program in recent years amid skepticism that the Trump administration would approve their applications.
December 18, 2020
As Major League Baseball prepares for 2021, teams are bracing for another season of COVID-19 related financial problems. There will undoubtedly be a smaller-than-usual capacity of fans at ballparks nationwide, and depending on the municipality, there might not be fans at all. Teams are hoping 2021 is not as bad as 2020. According to an analysis by the Tampa Bay Business Journal, the New York Yankees missed over $437 million in expected income. Near the bottom of the list, the Tampa Bay Rays lost only $67 million in expected income.
But the pandemic affected the Rays in additional ways, some of which could impair the ability of the team to stay in Tampa Bay. As the Rays recently appeared in the World Series, it is important to explore how the pandemic could impact the long-term sustainability of baseball in Tampa Bay.