Ups and downs: the pv magazine USA weekly news digest

There is never a dull moment in the U.S. solar industry. Topping the news this week, troubled microinverter pioneer Enphase announced that it would lay off 11% of its global workforce, as part of a $20 million cost reduction initiative. The company has been reporting losses for several quarters, following a strategy to reduce prices to below the cost of production in a bid to gain market share. Also this week, pv magazine USA revealed more details about the congressional investigation into cash grants and the federal Investment Tax Credit. Lawmakers in the U.S. House and Senate have sent letters of inquiry to eight companies, to look at whether or not U.S. companies were encouraged to sign leases regardless of the credit-worthiness of signatories, as well as ...

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