Struggling solar PV thin-film firm Hanergy Thin Film Power Group said its parent company Hanergy Holding Group had proposed a deferred payment deal on overdue debts totalling US$360 million and interest penalty payments that topped US$25 million at the end of 2015.
Australian investment manager QIC is to invest AU$800 million (US$598 million) and power firm AGL is to provide AU$200 million of cornerstone equity for a major partnership in the development of large-scale renewable energy infrastructure in Australia.
Capital expenditure (capex) from solar PV manufacturers is set to decline during the first half of 2017, as the industry adjusts to the excess of new capacity having come online during 2015 and 2016, according to the latest findings in the PV Manufacturing & Technology Quarterly report, released July 2016.
Last week, Minnesota utilities regulators ruled to take a value of solar approach for determining how community solar customers will be paid – making Minnesota the first state in the country to do so.
Bankrupt renewables firm SunEdison has confirmed that it will collaborate with its two yieldco companies, TerraForm Power and TerraForm Global to hopefully sell and monetize its controlling Class ‘B’ shares in both companies.
The international renewable yieldco of bankrupt SunEdison, TerraForm Global has issued some preliminary unaudited financial figures for the first quarter of 2016, while still dependent on SunEdison for filing its delayed 2015 annual report and first quarter results with the US SEC.
Following the termination of the proposed merger with NextEra, Hawaiian Electric (HECO) has withdrawn its application for approval of a liquefied natural gas (LNG) contract.
