Financial & Legal

TerraForm Power has confirmed that its acquisition by Brookfield remains on track.

Major PV inverter manufacturer SMA Solar Technology has raised its full-year revenue guidance range on a 25% increase in its order backlog on strong market demand in all regions served and notably in the Asia-Pacific region (APAC).

Oil major Shell has invested in Singapore-based solar developer Sunseap.

Bankrupt German integrated PV module manufacturer SolarWorld AG has announced the resignation of its Management Board, excluding founder and chairman, Dr. Ing. Eh Frank Asbeck.

The US$1.6 billion sale of major US utility-scale solar developer and operator FTP Power LLC (sPower) to AES Corporation and Canada-based investment manager Alberta Investment Management Corporation (AIMCo) has been completed.

The Hawaiian Electric Company (HECO) will buy power from 110MW of new NRG-owned solar projects after state regulators approved the deal.

The World Bank is providing US$150 million in credit for off-grid solar energy in marginalised communities of Kenya.

Solar PV mounting systems specialist and project developer Clenergy has reported over 200MW of mounting system sales in Australia in the first half of 2017.

SPONSORED: System installation and maintenance helps determine long-term performance of a photovoltaic system.

The Indian arm of US-based PV developer and thin-film specialist First Solar has agreed to sell 190MW(AC) out of 200MW(AC) of its operational PV plants in India to a private equity fund represented by Indian firm IDFC Alternatives, according to a First Solar spokesperson.