Companies

The lack of relevance of the MIP to global pricing movements during 2015 was the nail in the coffin for Trina, writes Finlay Colville.

Leading module manufacturer Trina Solar looks set to go private following a buyout proposal from its chairman and chief executive, Jifan Gao.

Industrial materials manufacturers Dow and DuPont are to merge creating a new company with a market capitalisation of US$130 billion.

The majority owner of equipment specialist centrotherm has agreed to dispose of its stake, clearing the way for the company to restructure its financing.

Manz, supplier of manufacturing equipment to the solar, energy storage and electronics industries has been forced to lay off 174 members of staff.

First Solar has announced shipment guidance for 2016 of 2.9-3.0GW for 2016 and confirmed that it has no immediate plans to expand production capacity.

Bluewave, a Boston-based developer of solar projects, claimed that it has “secured US$100 million” for community solar from a subsidiary of multinational investment house Morgan Stanley.

GCL New Energy Holdings, parent company to GCL-Poly and developer GCL New Energy, has issued a profit warning to the Hong Kong Stock Exchange, with which the company is listed.

Renewable energy firm SunEdison has cancelled a US$250 million deal to buy a 16% stake in Brazil’s largest renewable energy company, Renova Energia S.A, which is the second time in two months that the developer has pulled out of deals in the Latin American region.

Solar independent power producer Etrion Corp has completed a €222 million (US$236 million) refinancing of the majority of its solar parks in Italy, which includes long-term, non-recourse bank debt and project bonds.