India-based energy firm Azure Power Global has launched its IPO on the New York Stock Exchange offering 6.82 million equity shares priced between US$21 to US$23 per share.
Polysilicon producer REC Silicon is cutting production at its Moses Lake facility by around 50% from the beginning of October due to overcapacity in the solar supply chain.
A number of finance experts have confirmed that securitisation may be feasible in the near future for the US solar market, due to the maturity and low-risk nature of the industry.
The solar centric political campaigning group EU ProSun, established by integrated PV module manufacturer, SolarWorld, has condemned China and Chinese module manufacturers for causing SolarWorld to make 500 ‘temporary’ workers at its manufacturing plants in Germany, redundant.
The first grid scale installation of the Tesla Powerpack system in Europe has been completed in the UK by Camborne Energy Storage and is set to provide ancillary services to the National Grid.
Yieldco 8point3 Energy Partners has entered into an agreement with SunPower to acquire a 49% stake in Pacific Gas & Electric’s 102MW Henrietta solar project for US$134 million.
The Nevada Public Utilities Commission’s (PUC) recent decision to grandfather 32,000 customers into pre-existing favourable rates structure has created a significant business opportunity for local installer Sunworks, and according to the company, is the next step to restoring the residential sector.
The US Trade and Development Agency (USTDA) has awarded a grant to SolarReserve South Africa to advance their ‘Urban Solar Farms’ initiative in South Africa.
