Polysilicon producer REC Silicon ASA benefited from higher sales volumes and ASP increases to report a 23% increase in revenue in the third quarter of 2017.
International solar PV systems integrator Phoenix Solar has lowered its full-year revenue guidance a second time but added a profit warning as delays in project approvals increase due to the US ITC ‘Section 201’ trade case creating market uncertainty.
US-based investment fund Global Infrastructure Partners (GIP) and co-investors have acquired Singapore-headquartered Equis Energy, the largest renewable energy IPP in the Asia Pacific region, for US$5 billion along with assumed liabilities of US$1.3 billion.
Private equity fund SoftBank Vision Fund has officially signed a memorandum of understanding (MOU) with Saudi Arabia’s Public Investment Fund (PIF) to develop 3GW of PV and energy storage capacity within Saudi Arabia.
US residential solar PV and energy storage installer Sunrun has secured a US$244.5 million of senior secured credit facilities from a syndicate of lenders for future growth.
PV inverter manufacturer KACO new energy said it has secured orders totalling 550MW in the third quarter of 2017 with cumulative sales so far in 2017 of around 1.95GW, marking orders almost 70% the prior year period.
US trade association groups, the Energy Storage Association and Solar Energy Industries Association (SEIA), have called on their respective industries to assist hurricane relief efforts in the US and its territories.
