Bankrupt renewables firm SunEdison has informed its two yieldcos that it will no longer pay interest on their senior notes due to Chapter 11 bankruptcy proceedings, according to SEC filings.
Leading CdTe thin-film producer First Solar is undergoing a mid-year restructuring that includes cost cutting activities that should generate a US$2 billion balance sheet cushion against changing solar business dynamics and a looming revenue and shipment hole facing the company in 2017.
With First Solar’s revenue and shipment guidance unchanged and basically locked-in for 2016, despite solar industry dynamics becoming increasingly fluid, filling demand for 3GW of thin-film module capacity in 2017 has become a priority for management as a rather large hole in bookings is proving difficult to fill.
Leading CdTe thin-film producer First Solar is undertaking a further round of restructuring that targets its EPC and O&M operations after its decision to shutdown its TetraSun crystalline silicon operations in Malaysia in early July.
D.E. Shaw buys 11MW Rancho Seco solar project from First Solar, 8minutenergy wins 26MW solar farm in California, India's NTPC issues first Green Masala Bonds, NREL launches energy profiles of US cities.
Following a Portuguese government announcement approving 180MW of unsubsidised solar PV capacity, the country’s renewables association has said solar cannot work without financial support in current market conditions.
Leading microinverter firm Enphase Energy reported second quarter 2016 shipments up 30% and revenue 24% higher than the prior quarter as its strategy to offer more competitive pricing enabled by progressive product cost reductions, regained lost customers and market share across multiple regions.
Sky Capital America, the US subsidiary of Hong Kong-based Sky Solar Holdings, has acquired 22.5MW of developmental stage permits for solar projects in California and Vermont from an unnamed California-based solar developer.
US dedicated residential PV installer Sunrun has secured a further US$45 million in funding to meet its backlog of customer installations from three finance institutions.
