China-based renewable energy provider Huaneng Renewables reported first half 2016 revenue of RMB 4,914.3 million (US$735.58 million) a 25.3% increase over the prior year period, partially driven by a 26.1% increase in electricity generated from its PV power plant operations.
The solar yieldco business model was “flawed from the beginning”, says a US bank executive, who downplays sentiment that it was the SunEdison yieldco disaster that tarnished the model for good.
Lazard, the financial advisory that advised SolarCity on its US$2.6 billion all-stock sale to Tesla, made an error in its analysis resulting in the solar installer being undervalued by US$400 million, according to a regulatory filing with the Securities and Exchange Commission (SEC).
On Monday, a ruling by Nevada Public Utilities Commission (PUC) chairman and presiding officer Paul A Thomsen barred SolarCity from intervening in upcoming proceedings concerning the grandfathering of more than 20,000 rooftop solar customers.
Electronic gases specialist, Linde has established a new R&D facility in Taiwan to better serve the growth in solar cell manufacturing capacity expansions in South East Asia.
CIS thin-film module manufacturer Solar Frontier has signed a Memorandum of Understanding (MO) with Saudi Aramco and the Saudi Arabian National Industrial Cluster Development Program (NICDP) on the feasibility of establishing a thin-film module production plant in Saudi Arabia.
Inverter manufacturer ABB India has opened a solar inverter manufacturing facility in the southern city of Bangalore, which doubles the firm’s capacity in the country.
