Microinverter producer Enphase Energy said it was restructuring due to the competitive environment with the loss of approximately 11% of its global workforce and the elimination certain non-core but unspecified projects.
India-based energy firm Azure Power Global has launched its IPO on the New York Stock Exchange offering 6.82 million equity shares priced between US$21 to US$23 per share.
Polysilicon producer REC Silicon is cutting production at its Moses Lake facility by around 50% from the beginning of October due to overcapacity in the solar supply chain.
A number of finance experts have confirmed that securitisation may be feasible in the near future for the US solar market, due to the maturity and low-risk nature of the industry.
The solar centric political campaigning group EU ProSun, established by integrated PV module manufacturer, SolarWorld, has condemned China and Chinese module manufacturers for causing SolarWorld to make 500 ‘temporary’ workers at its manufacturing plants in Germany, redundant.
Yieldco 8point3 Energy Partners has entered into an agreement with SunPower to acquire a 49% stake in Pacific Gas & Electric’s 102MW Henrietta solar project for US$134 million.
The US Trade and Development Agency (USTDA) has awarded a grant to SolarReserve South Africa to advance their ‘Urban Solar Farms’ initiative in South Africa.
d.light, a solar solutions provider for communities without access to reliable power, has secured US$22.5 million in new financing to grow its PayGo business into additional off-grid territories.
Hawaii regulators have approved a tariff for Hawaiian Electric Companies (HECO) to establish interim time-of-use (TOU) rates in the utility’s biggest base rate increase in almost six years.
Integrated PV manufacturer SolarWorld will lay-off around 500 temporary manufacturing workers in the fourth quarter of this year due to significant price drops on the world market.
