Leading ‘Silicon Module Super league’ (SMSL) member Trina Solar has announced that its chairman and chief executive officer, Jifan Gao has secured an investor consortium to take the company private and exit the NYSE in a US$1.1 billion transaction. The merger is currently expected to close during the first quarter of 2017.
European Bank for Reconstruction and Development agrees to major funding of FRV's winning bid in Jordan's recent Round 2 PPA tender for solar energy production.
Tesla Motors' possible acquisition of leading US residential PV installer SolarCity has been sealed with an all-stock transaction valued at around US$2.6 billion.
Recent first half 2016 downstream PV installation figures for China have led industry advisory firm AECEA to project full-year figures could be in the 25GW to 30GW range, significantly ahead of planned installs of around 18GW.
Indian state-owned power equipment manufacturer Bharat Heavy Electricals Limited (BHEL) has bagged an EPC order for 80MW of solar PV capacity in Tamil Nadu and Telangana for mining and power firm Neyveli Lignite Corporation (NLC) and Bharat Electronics Limited (BEL).
Ukraine's plan to bring online 4GW of solar production at site of 1986 nuclear disaster must stack up, says European Bank for Reconstruction and Development.
In this week's Movers & Shakers, PV Tech reports some recent industry mergers and acquisitions, dramatic UK solar job losses and an equally dramatic opportunity for job growth in the US with Tesla's new Gigafactory in Nevada.
Integrated PV module manufacturer SolarWorld has reported flat revenue and shipments for the second quarter of 2016, compared with the previous quarter.
New research predicts the energy storage market in Germany will increase 11-fold in the next five years, with the residential market buoyed by declining feed-in tariffs, high electricity prices and €30 million in subsidies, while the primary reserve market boosts activity within the utilities sector.
