Spain-based renewables firm Abengoa began insolvency proceedings yesterday after Gonvarri, an arm of industrial group Gestamp, decided against a plan to invest around EUR350 million (US$371 million) into the company.
Brazil’s energy regulator the National Electric Energy Agency (ANEEL) has approved an “historic” revision of the country’s net metering scheme for small-scale renewable energy systems, making it amongst the most forward-thinking countries in this sector, according to Rodrigo Sauaia, the director of Brazil’s solar industry association, Absolar.
Independent PV power producer Sky Solar Holdings has reported relatively flat third-quarter revenue as it remained conservative in its capital allocation for building PV projects, while continuing to focus on completing projects in Japan, due to its financing partnerships in the country.
Saudi-owned Spanish firm Fotowatio Renewable Ventures has signed an agreement with Jordan’s utility company to build a 50MW PV power plant in the country.
Struggling ‘Silicon Module Super League’ member Yingli Green Energy has missed shipment guidance for the third quarter and will take a non-cash impairment charge of US$581.3 million on long-lived manufacturing assets, due to lower utilisation rates.
India-based module manufacturer HHV Solar Technologies, a wholly-owned subsidiary of renewable energy firm Swelect Energy, has ramped up its crystalline solar PV manufacturing line in Dabaspet, Bangalore, from 40MW to 100MW.
SolarCity’s chief operating officer Tanguy Serra has been promoted to the newly created role of president, while the company’s chief financial officer Brad Buss has announced his retirement.
Global technology leader Google and renewable energy developer Duke Energy Carolinas are teaming up to develop a 61MW PV project in North Carolina that is set to help account for a portion of the power demand for Google’s new data centre in Lenoir.
