Companies

The solar industry in California “has experienced devastating results in the form of business closures and depression-level layoffs”.

Under the agreement, bp will acquire the remaining stake of 50.03% in Lightsource bp at a base equity value of US$320.96 million.

The Vista Alegre solar plant will supply electricity to aluminium producer Albras for 21 years through a power purchase agreement.

Renewable energy financier Excelsior Energy Capital has closed US$1.3 billion in financing for its recently-acquired 682.5MW Faraday solar PV project in Utah County, Utah, US.

Trina Solar has signed a supply agreement with Fiber X to supply modules and trackers to a project under development in Brazil.

Summit Ridge Energy has acquired a portfolio of community solar projects in the state of Virginia, with a total capacity of 100MW.

Indian solar manufacturer Waaree has shipped 850MW of PERC modules to Spanish developer Acciona Energia for use at its solar sites in the US.

Solar tracker and racking provider Solar Steel has signed a supply agreement for 250MW worth of steel fixed structures to an unnamed recipient in Spain.

The credit facility consists of US$275 million term loan, a $175 million revolving credit facility, and a $150 million letter of credit facility.

Chinese solar module manufacturer Hanersun will supply 400MW of its n-type modules to Brazilian solar investment platform Solfácil for its distributed generation operations.