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Duke Energy set to acquire majority share, finance projects at REC Solar

By   /  Friday, February 13th, 2015  /  Latest news, Technology, Top Stories  /  Comments Off on Duke Energy set to acquire majority share, finance projects at REC Solar

San Luis Obispo-based REC Solar has sold a majority share of it business to the nation’s largest electric power company.

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REC Solar sells majority share to nation’s largest utility

By   /  Monday, February 9th, 2015  /  Central Coast, Latest news, Technology, Top Stories  /  Comments Off on REC Solar sells majority share to nation’s largest utility

Duke Energy, headquartered in Charlotte, North Carolina, purchased the controlling stake in the solar company and announced it would invest $225 million in solar project financing as part of the deal.

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Hawaii utility project is largest-ever for REC Solar

By   /  Friday, July 11th, 2014  /  Central Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Hawaii utility project is largest-ever for REC Solar

San Luis Obispo-based REC Solar has broken ground on its biggest project yet, a 12-megawatt installation for a Hawaiian utility cooperative.

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REC spinout could expand SLO solar jobs

By   /  Friday, February 7th, 2014  /  Central Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on REC spinout could expand SLO solar jobs

San Luis Obispo can expect to see a slight increase in solar-power industry jobs with a recent deal that split up REC Solar and sold off its residential installation business to a San Francisco firm.

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Mainstream Energy sells business units, names new CEO

By   /  Tuesday, February 4th, 2014  /  Central Coast, Technology, Top 25 lists, Top Stories  /  Comments Off on Mainstream Energy sells business units, names new CEO

San Luis Obispo-based Mainstream Energy, parent of REC Solar, is selling off its residential solar installation line to focus exclusively on commercial clients and has named its third CEO in as many years.

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Solar projects boom but some fear a bubble

By   /  Friday, January 31st, 2014  /  Banking & Finance, Central Coast, East Ventura County, Green Coast, Real Estate, South Coast, Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Solar projects boom but some fear a bubble

Solar installers boomed in 2013 and are expecting another good year, but some are skeptical about the new financial models underlying the growth numbers.

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Solar advocates hail bill to give non-property owners access

By   /  Friday, September 27th, 2013  /  Central Coast, Green Coast, Real Estate, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Solar advocates hail bill to give non-property owners access

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