Financial & Legal

New Jersey-based KDC Solar has closed a US$100 million debt investment with investment New York-based management firm Highbridge Principal Strategies.

Spain-based renewables firm Abengoa began insolvency proceedings yesterday after Gonvarri, an arm of industrial group Gestamp, decided against a plan to invest around EUR350 million (US$371 million) into the company.

Independent PV power producer Sky Solar Holdings has reported relatively flat third-quarter revenue as it remained conservative in its capital allocation for building PV projects, while continuing to focus on completing projects in Japan, due to its financing partnerships in the country.

Struggling ‘Silicon Module Super League’ member Yingli Green Energy has missed shipment guidance for the third quarter and will take a non-cash impairment charge of US$581.3 million on long-lived manufacturing assets, due to lower utilisation rates.

The impact on the cost and availability of finance for solar projects in the wake of a successful Paris summit could be profound, writes John Parnell.

Struggling PV manufacturer China Sunergy (CSUN) experienced a significant increase in shipments and revenue from the US in its fiscal second quarter financial results.

Investment in clean energy surged in emerging economies during 2014, the Bloomberg New Energy Finance (BNEF) Climatescope report has found.

Australia’s Green Party has proposed a pathway to reaching a “90% by 2030” renewable energy target for the country, also proposing to double energy efficiency from current levels.

The investment arm of electronics giant GE is to finance a 100MW PV project being built in California by Canadian Solar subsidiary Recurrent Energy.

‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS has said it expects to reach nameplate capacity of 5.2GW for both solar cells and modules by the middle of 2016 as the company continues major expansions in 2015.