Integrated PV module manufacturer ReneSola has extended its original stock repurchase program, under which it could repurchase up to US$20 million of its outstanding American depositary shares (ADS’s).
The two renewable energy yieldco subsidiaries of Chapter 11 bankrupt firm, SunEdison are seeking over US$3 billion from their parent company over damages and sought settlement via discussions before heading to the courts.
PV project developer Recurrent Energy, a subsidiary of ‘Silicon Module Super League’ (SMSL) member Canadian Solar has completed the 200MW (DC) Tranquillity solar power project in California for Southern Power.
Struggling flexible CIGS thin-film consumer product producer Ascent Solar Technologies expects to raise US$1.12 million in a US$1.35 million Series J 10% Convertible Preferred Stock placement with an unidentified investor.
A new government MoU signed with multinational developer Gigawatt Global in Liberia and a strategic partnership between Italian oil giant Eni and Algerian state-owned firm Sonatrach have resulted in plans for 10MW solar PV plants in the respective countries.
Goldman Sachs-backed rooftop solar specialist Asia Clean Capital (ACC) and Japan’s Toshiba Mitsubishi Electric Industrial Systems Corporation (TMEIC) will develop a 200MW solar pipeline in mainland China.