Major PVEP (Photovoltaics Energy Provider) SunPower expects full-year 2015 GAAP revenue to be around 50% lower than in 2014, due to the impact of establishing its JV yieldco vehicle with First Solar.
Major PV manufacturer JinkoSolar has secured over US$483 million in PV project finance from Ping An Bank to support its downstream project business arm, Jinko Power.
Major PV energy provider (PVEP) SunPower has purchased the complete US PV power plant project pipeline of Australia-based renewable energy developer Infigen Energy.
PV manufacturing equipment specialist Amtech Systems is selling the majority of its stake in subsidiary Kingstone Technology to China-based venture capital firm, Suzhou Zhuo Jing Investment Center for around US$13.6 million.
China-based PV manufacturer has reported an 84.76% increase in revenue for the first half of 2015 on the back of strong domestic demand and a focus on overseas emerging markets.
Major PV inverter manufacturer Sungrow Power Supply is planning to increase manufacturing capacity by a further 5GW to meet expected strong demand in 2016 and onwards, driven by China and its growing international footprint.
Major names including Bank of America, Citigroup, Barclays and UBS have aided Abengoa Yield to more than double its credit facility from US$125 million to US$290 million.
Deutsche Bank analyst Vishal Shah has said US installer SolarCity could be one of the indirect winners from news that SunEdison and its yieldco, TerraForm Power, are to acquire residential installer Vivint Solar.
