High-efficiency PV module producer and project developer SunPower has announced further restructuring plans that include the closure of its 700MW, IBC solar cell plant in the Philippines and a 25% reduction in its global workforce.
US-based residential and small commercial PV installer RGS Energy is issuing new shares ahead of a final NASDAQ hearing in December 2016 over whether the company would be de-listed as it has not complied with the minimum stock price rule.
India’s ongoing demonetization scheme, which has divided opinion globally, looks set to improve the finances of Indian distribution companies (Discoms) in what could be a boon to the solar sector, according to consultancy firm Mercom Capital Group.
More than 160 UK-based NGOs, public institutions and businesses – including major brands such as Sainsbury’s and IKEA – have come out in support of solar over proposed increases to rateable values.
Finland-based energy firm Fortum has invested €5.2 million in Exeger Sweden AB, dye-sensitized solar cell start-up to help support the launch of commercial products in 2017.
China-based PV project developer SPI Energy said it had finally received its first feed-in tariff (FiT) payments on a 10MW power plant that was grid connected in December, 2013.
An open fund for solar energy and energy storage in various emerging markets has been launched by Franck Constant, the co-founder of Sonnedix Group and director of Sithe Pacific, PV Tech can reveal.
