Yingli Solar has settled its anti-trust lawsuit with Solyndra for US$7.5 million with the possibility of further payments, dependent on its US shipment levels.
8point3 Energy Partners, the yieldco company formed by SunPower and First Solar, has signed agreements to acquire interest in the 50MW Hooper Project from SunPower and the 40MW Kingbird Project from First Solar.
Kenya’s Rural Electrification Authority (REA) has approved the construction of a 55MW solar power plant in the East Kenyan County of Garissa, requiring an investment of KES12.8 million (US$126 million).
Azure Power Global has filed an amended F-1 form with the US Securities and Exchange Commission (SEC) for its impending US IPO, with plans to raise around US$100 million.
By any ‘normal’ metrics, PV thin-film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) remains in a dire financial position after reporting a non-cash loss of around US$1.58 billion in 2015 and its biggest customer and parent company, Hanergy Holdings and its affiliates failed to make due payments of around US$680 million.
Embattled renewables firm SunEdison has disclosed that it has received a subpoena from the U.S. Department of Justice (DOJ) regarding the failed acquisition of Vivint Solar and related actions associated with its two yieldco subsidiaries.
Monocrystalline wafer producer Comtec Solar Systems Group said it expected to report a loss of over RMB400 million (US$62 million) for 2015, due to a series of write-downs, advance polysilicon payments and declining wafer ASPs.
Major PV inverter manufacturer SMA Solar Technology continues to lose market share by shipments, according to the latest research report from GTM Research.
