Leading US installer SolarCity is raising US$113 million through a bond sale to technology investor, Silver Lake Kraftwerk, the company's chairman, Elon Musk, and CEO Lyndon Rive.
Updated: Subsidaries of China-based polysilicon and PV module manufacturer LDK Solar have been forced into bankruptcy proceedings in China only shortly after the parent company, formerly listed in the US, exited bankruptcy proceedings of its own.
Fresh questions have been raised over measures to prevent “dumping” of cheap solar products from China into the EU, following the news that two more Chinese exporters have been removed from the undertaking.
Trina Solar, part of PV Tech’s ‘silicon module super league’, has signed a provisional agreement to build a new PV manufacturing plant in the Indian state of Andhra Pradesh.
Solar tracker manufacturer NEXTracker has said it is expanding its manufacturing presence in Brazil to capitalise on the expected PV project boom in the Latin American country.
Wells Fargo and Barclays have signed financing facility agreements with Trina Solar’s subsidiaries in the US and Singapore, worth a total of US$90 million.
US installer Sunrun is to trial a new automated solar permitting system as part of a range of cost-cutting projects funded by the Department of Energy.
US solar installer Vivint Solar reported both bookings and installations in the third quarter of 2015 below the prior quarter, indicating growth has stalled in the last six months. Major renewable energy provider SunEdison is in the process of acquiring the company.
Flexible CIGS thin-film consumer product producer Ascent Solar Technologies reported lower than expected third quarter sales, while reducing full-year revenue guidance on liquidity constraints in the quarter.
The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) are seeking applications to fund renewable energy projects in developing countries through concessionary loans.
