Renewables firm SunEdison currently in Chapter 11 bankruptcy proceedings said in a SEC filing that it had received around 100 bids for parts and all assets of the company, yet the ‘sum of the parts’ equated to approximately US$1.25 billion to US$1.7 billion of potential total gross proceeds, far below incurred debts estimated at almost US$12 billion, excluding its two yieldco’s.
Ohio-based racking and mounting equipment installer Solar FlexRack has installed its TDP turnkey tracker solution in Nebraska’s largest solar PV plant.
Chinese PV module and system manufacturer Canadian Solar has entered into a distribution agreement with DM Solar, a wholesale distributor of solar products headquartered in Guadalajara, Mexico.
Switzerland-based clean energy provider meeco Group has formed a joint venture with Zimbabwean electricals manufacturer Powerspeed Electrical to build clean energy projects in Zimbabwe.
BCPG, the renewable energy power producer of Thai oil refiner Bangchak Petroleum, could potentially raise up to 5.9 billion baht (US$170 million) from an initial public offering (IPO) this month, according to the company.
Australia’s Anti-Dumping Commission proposes to terminate its investigation into the alleged dumping of certain crystalline silicon PV modules exported from China into Australia.
United PV and the United Nations Development Programme (UNDP) have partnered to jointly launch the “Panda Solar Power Plant”, which promotes both youth engagement and sustainable development in China.
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion announcements in July and August, 2016 highlight the industry fears over a new period of overcapacity across the supply chain after explosive growth plans announced in the first half of 2016.
Africa remains one of the most difficult markets to penetrate, riddled by bankability issues and a distinct lack of the right kind of strategic partnerships. To expedite and support solar investment on the continent, SolarPower Europe and the Africa-EU Renewable Energy Cooperation Programme (RECP) have teamed up to facilitate business cooperation between African and European stakeholders.
