Leading thin-film PV manufacturer First Solar raised both shipments and revenue expectations for 2017 after reporting net sales of US$623 million in the second quarter of 2017, down from US$892 million in the previous quarter.
Bankrupt integrated PV module manufacturer SolarWorld AG is close to securing a new owner as a group of unidentified investors are to finance continued manufacturing operations at sites in Freiberg and Arnstadt in Germany by mid-August 2017.
Panoche Valley Solar LLC, a subsidiary of Consolidated Edison Development, will need to make some major adjustments to its 247MW PV project in California’s Panoche Valley.
Integrated renewable energy firm Cypress Creek Renewables has secured a US$450 million facility from a group of investors led by Singapore-based investment company Temasek.
IFC is partnering with the Commercial Bank of Ceylon (CBC) to help the Sri Lankan bank invest more in local companies focused on renewable energy and energy efficiency.
Renewable energy developer, BayWa r.e. has sold its first Australian solar project, a 20MW utility-scale plant still under construction, to investment company Lighthouse Infrastructure.
According to the Financial Times, Hanergy Holding Group plans to build a 300MW CIGS thin-film production plant in partnership with the local government Datong City and Datong Coal Mine Group as part of a wider initiative on developing a solar industry development cluster.
Leading PV manufacturing equipment supplier Meyer Burger has secured orders worth around CHF 22 million (US$23.2 million) from an existing customer in Asia for its PERC (Passivated Emitter Rear Cell) technology.
