The International Finance Corporation (IFC) and FMO, the Dutch development bank have invested a collective €14.62 million (US$15.52 million) in Mobisol, a German pay-as-you-go (PAYG) solar service company, in order to deliver renewable energy solutions to off-grid communities in East Africa.
After years of drawn-out discourse, the Arizona Corporation Commission will decide next week what the ‘value of solar’ really is, and just how much utilities will pay for electricity generated by rooftop systems.
Taiwan-based solar cell and wafer producers had been impacted by a major slowdown in PV project development in China in the third quarter of 2016. However, signs of a recovery emerged at the beginning of the fourth quarter and escalated further in November.
Heraeus Photovoltaics president, Andreas Liebheit has been appointed as the vice chairman of the Asian Photovoltaic Industry Association (APVIA), which was founded in Singapore in 2011.
Taiwan-based merchant cell and module producer Neo Solar Power (NSP) reported an unexpected slump in November sales after several months of recovery, which was said to be due to deferred customer orders.
Finland-based private investment bank Evli Bank, through its subsidiary Evli Alternative Investments has acquired Nordic Shine to boost the deployment of solar in Finland.
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.
