By any ‘normal’ metrics, PV thin-film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) remains in a dire financial position after reporting a non-cash loss of around US$1.58 billion in 2015 and its biggest customer and parent company, Hanergy Holdings and its affiliates failed to make due payments of around US$680 million.
Embattled renewables firm SunEdison has disclosed that it has received a subpoena from the U.S. Department of Justice (DOJ) regarding the failed acquisition of Vivint Solar and related actions associated with its two yieldco subsidiaries.
State Grid Corporation of China, Korea’s main utility, one of Japan’s biggest renewables developers and Russia’s grid operator have formally indicated their interest in building a massive interconnected grid across Asia.
Equipment manufacturer Foxconn has acquired a 66% stake in Sharp at a reduced price, with the two parties set to hold a press conference this Saturday, 2 April.
Japanese thin-film manufacturer Solar Frontier has heralded a 150MW module supply deal in the US as a major step towards its final decision on building a factory in America.
Pension fund, The California Public Employees' Retirement System (CalPERS), has agreed to purchase a 25% stake in Desert Sunlight Investment Holdings, the owner of two major solar PV projects with a combined capacity of 550MW near Palm Springs, California.
Tokyo-based egg producer ISE Group, French energy company Total and SunPower Corporation, have started construction of a 27MW solar PV plant at Nanao, Ishikawa Prefecture, on Honshu Island in Japan.
Integrated PV manufacturer REC Solar is to invest a total of $200 million Singapore dollars (US$182.3 million) in expanding and upgrading production at its facilities in Singapore. The company also plans to invest a further US$50 million in R&D activities at the Solar Energy Research Institute of Singapore (SERIS), with emphasis on a type of PV module.
US residential and commercial PV provider SolarCity has raised US$131 million through a new tax equity fund in order to finance residential, commercial and military solar projects.
