Africa remains one of the most difficult markets to penetrate, riddled by bankability issues and a distinct lack of the right kind of strategic partnerships. To expedite and support solar investment on the continent, SolarPower Europe and the Africa-EU Renewable Energy Cooperation Programme (RECP) have teamed up to facilitate business cooperation between African and European stakeholders.
SolarWorld and Hemlock are set to hold a mediation conference on 19 September following SolarWorld being ordered to pay Hemlock damages amounting US$793 million plus costs and interest in July.
Solar ranks lowest in terms of projected Capital Expenditure (CAPEX) for electricity generating technologies in 2030, according to the National Renewable Energy Laboratory’s 2016 Annual Technology Baseline (ATB).
China-based renewable energy provider Huaneng Renewables reported first half 2016 revenue of RMB 4,914.3 million (US$735.58 million) a 25.3% increase over the prior year period, partially driven by a 26.1% increase in electricity generated from its PV power plant operations.
The solar yieldco business model was “flawed from the beginning”, says a US bank executive, who downplays sentiment that it was the SunEdison yieldco disaster that tarnished the model for good.
Lazard, the financial advisory that advised SolarCity on its US$2.6 billion all-stock sale to Tesla, made an error in its analysis resulting in the solar installer being undervalued by US$400 million, according to a regulatory filing with the Securities and Exchange Commission (SEC).
Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) has reported first half year 2016 financial results wherein its grid connected PV Power plant capacity of 1,780MW is unchanged from the end of 2015.
PV thin-film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) has claimed to have bounced back from a non-cash loss of around US$1.58 billion in 2015 to a first half 2016 net profit of around US$105.8 million.
