Nationwide residential photo voltaic set up firm PosiGen laid off almost all of its workers yesterday. PosiGen CEO Peter Shaper despatched a memo addressed to all workers attributing the layoffs to lack of funding from the One Huge Lovely Invoice Act (HR1). The precise variety of jobs terminated shouldn’t be but confirmed.
“A whole lot of workers, together with myself, have been laid off with little warning,” stated a former PosiGen worker who spoke on situation of anonymity. “Contractors and companions have been left unpaid. Households who trusted our mission of ‘Photo voltaic for All’ have been left in limbo.”
In accordance with an employee termination notice acquired by Photo voltaic Energy World, PosiGen plans to remain open in its present state. Nonetheless, if it can’t purchase extra funding, “it intends to close down all operations.”
PosiGen missed an curiosity fee on its credit score facility in August, in response to the doc. The discover states that the corporate had lately skilled speedy development and “sure exterior alternatives” that exacerbated operations. Missing funding, PosiGen needed to spend inside capital on contracted photo voltaic initiatives, in response to the doc.
“For weeks afterward, workers have been instructed to maintain reassuring companions that funds have been coming, at the same time as the corporate knew the cash was gone,” the previous worker stated. “That call didn’t simply endanger relationships — it destroyed belief and credibility that had taken years to construct.”
PosiGen specialised in bringing photo voltaic initiatives to underserved communities and low-to-middle earnings prospects.
In 2023, worldwide funding agency Brookfield Asset Administration invested $250 million into PosiGen, adopted by two extra rounds of financing, bringing its whole funding within the firm to $600 million in 2025. Brookfield Renewable Companions, which is majority owned by Brookfield Asset Administration, acquired nationwide residential installer Normal Photo voltaic and utility-scale developer Scout Clear Power in 2022. TerraForm Energy, a Brookfield Asset Administration affiliate, acquired Sun Tribe Solar, a utility-scale photo voltaic developer in 2025. Brookfield has additionally invested in REC Solar.
“This collapse is a lesson for your complete photo voltaic trade,” the previous PosiGen worker stated. “Sure, PosiGen’s management failed in transparency and accountability. However it’s also true that federal insurance policies are squeezing renewable power firms to the breaking level. Mission-driven organizations like PosiGen can’t survive on slogans alone when political headwinds and financing realities are ignored.”
SPW has contacted PosiGen Photo voltaic and is awaiting remark.
An inside memo addressed to PosiGen workers acquired by Photo voltaic Energy World.
