Financial & Legal

Leading CdTe thin-film manufacturer and ‘Solar Module Super League’ (SMSL) member, First Solar reported significantly lower than expected first quarter sales, due primarily to challenges in its EPC PV project business in the US and Japan that impacted sales by US$159 million.

Acquisition of Urbasolar lands buyer with 350MW portfolio of built and under construction solar, together with further 1GW under development.

PV microinverter specialist, Enphase Energy reported a second consecutive quarter of a meaningful recovery in its shipments and revenue, due to the return of customers as its financial health continues to improve.

Mining giant replaces coal with green certificates at Utah operation, residential solar specialist Spruce Finance bags senior secured facility, FTC launches data platform.

Mineral recycling and renewable-powered mines will be backed through US$50m scheme to offset environmental impacts of race for lithium and others.

Asset manager secures funding for California’s Springbok 3 and eyes commercial debut in June, eight months after buying the project.

Japan has called on India to immediately review its safeguard duty on imported solar cells to ensure that products that have different characteristics from solar cells are excluded from the measure.

Debt-laden and technically bankrupt PV module manufacturer, Yingli Green Energy has reported a major decline in its PV panel shipments and revenue in 2018, due to the ‘China 531 New Deal’ that impacted demand for its products.

PV Tech understands energy giant invested low double-digit million dollar figure to purchase HelioSage, a subsidiary of Panasonic-owned Coronal.

Government proposal could pave way to tariff hikes and stunt growth of the power market, six associations warn in joint letter to president.