Canadian-based PV project developer JCM Capital said it had secured an undisclosed tranche of funds as part of a US$50 million private placement offering for project financing requirements of three projects scheduled to reach financial close during 2016 and 2017.
Corporations and utilities are already interested in energy storage but must collaborate to advance deployment and lower costs, avoiding some of the past mistakes of the PV industry, according to the heads of one California-based industry group.
PV tracking systems specialist Exosun has secured orders totalling 11MWp for its ‘Exotrack’ HZ horizontal single-axis solar trackers from EPC, Phoenix Solar, for three PV power plant projects in Jordan.
China-based module assembly automation specialist Suzhou Horad New Energy Equipment Co (Horad) has secured a 200MW turnkey module assembly line order with major Taiwanese cell producer, Motech Industries.
Spain’s Constitutional Court has published the full details of its judgement rejecting appeals against a decrease in feed-in tariffs for renewable energy sources, but the reasoning has been branded “short, superficial and alien to reality” by a legal representative.
A US-based investment hedge fund Appaloosa Management has filed court proceedings to prevent SunEdison’s US-centric yieldco, TerraForm Power, from taking on nearly US$1 billion in debt to acquire Vivint Solar assets from SunEdison, should the deal go through.
