Embattled renewables firm SunEdison is said to be close to seeking bankruptcy protection, according to one of two subsidiary yieldcos, Terraform Global in an SEC filing.
Community solar in the US could be a market worth as much as US$2.5 billion in revenues by 2020, but accommodating it will require a rethink of utility business models, a new report by Navigant Research claims.
Integrated China-based monocrystalline PV producer, Solargiga Energy Holdings as expected from preliminary announcements, reported only a small increase in revenue for 2015, however the company returned to a small net profit, compared to a net loss in 2014.
China-based polysilicon and wafer producer Daqo New Energy reported that external sales volume and cost structure exceeded prior guidance as demand remained strong in the fourth quarter and full year 2015.
Pension fund, The California Public Employees' Retirement System (CalPERS), has agreed to purchase a 25% stake in Desert Sunlight Investment Holdings, the owner of two major solar PV projects with a combined capacity of 550MW near Palm Springs, California.
China-based PV energy provider (PVEP) United Photovoltaics Group has received back its US$64.4 million deposit originally given to Hareon Solar to start build 930MW of PV power plants, which were never actually built.
Australia is redirecting AU$1 billion from the Clean Energy Finance Corporation’s (CEFC) AU$10 billion (US$760 million) allocation into a new Clean Energy Innovation Fund (CEIF), Australian prime minister Malcolm Turnbull has announced.
US residential and commercial PV provider SolarCity has raised US$131 million through a new tax equity fund in order to finance residential, commercial and military solar projects.
US-based residential solar firm Sunnova Energy has secured US$300 million from private equity firm Energy Capital Partners (ECP) to continue its growth in the residential solar sector.
India-based renewables developer ReNew Power Ventures will receive up to US$250 million of debt financing from Overseas Private Investment Corporation (OPIC), the US government's development finance institution, to help construct 400MW of solar PV projects in India.
