Major polysilicon producer Wacker Chemie noted a slight increase in polysilicon ASPs in the first quarter of 2016, yet an expected increase in shipment growth as it ramps its new plant in the US is not expected to lead to significant revenue growth this year.
Solar Mosaic, a former crowdfunding start-up that has emerged as a major provider of residential solar financing solutions, said on Wednesday that it had secured US$200 million in funding that will support at least 5,000 rooftop PV installations.
Abengoa, which entered insolvency proceedings last November, has been granted bankruptcy protection under Chapter 15 over the objections of a group of insurance companies who claimed the Spanish renewables company’s talks to restructure billions in debt was unfair to US creditors.
Mississippi Power and Silicon Ranch Corporation, along with local officials from the city of Hattiesburg, Forrest County and the Area Development Partnership held a groundbreaking ceremony on Wednesday for the state’s largest PV project in Hattiesburg.
Off-grid solar specialist Nova-Lumos has received a £150,000 grant from the SolarNigera Programme (SNP), an initiative of the UK’s Department for International Development (DfID) implemented by Adam Smith International, to help accelerate its operations in northern Nigeria.
SunEdison can emerge from the other side of the restructuring process following its Chapter 11 filing under the US Bankruptcy Code, according to Raj Prahbu, CEO of market intelligence firm Mercom Capital Group.