Financial & Legal

Cubico Sustainable Investments has reached financial close for a 350MW solar plant in Mexico.

Leading PV microinverter supplier Enphase Energy has announced its president and founding CEO, Paul Nahi has resigned his positions at the company.

Leading PV microinverter supplier Enphase Energy reported a strong rebound in sales and shipments, which hit a new record in the second quarter of 2017, yet losses continue and its founding CEO, Paul Nahi announced his resignation from the company.

Sempra Renewables, a unit of Sempra Energy, has acquired a 281MW solar project from Canadian Solar subsidiary, Recurrent Energy.

Key manufacturing and R&D assets of bankrupt German integrated PV module manufacturer SolarWorld AG have been acquired by its former founder and chairman, Dr. Ing. Eh Frank Asbeck.

US residential solar PV and energy storage installer Sunrun said it reached the milestone of 1GW of cumulative solar installations in the second quarter of 2017, after 10 years of business operations.

Clean energy firm Holaluz has completed Spain’s first shared self-consumption solar PV and battery storage facility on a house near Barcelona.

ContourGlobal has agreed to acquire around 20MW of operational solar PV plants in Italy from ErgyCapital for €68 million (US$80.7 million).

Specialist solar PV equipment supplier centrotherm has warned that it is unlikely to be profitable in 2017, due to the loss of an arbitration case against a cancelled €290 million integrated (wafer/cell/module) plant in Algeria.

BayWa r.e. the renewable energies business unit of diversified German company BayWa has significantly increased revenue in the first half of 2017, having developed and sold PV power plants and increased sales of PV modules and inverters by around 50%, compared to the prior year period.