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.
Major renewable energy provider SunEdison is launching its second yieldco firm, TerraForm Global today as well as an US$800 million ‘Green Bond’ for the yieldco due 2022.
Solar industry members have expressed concern that this week's record low bids for solar contracts in India may not translate into "workable" projects.
US power optimiser supplier Ampt is raising up to US$25 million to ramp up its production, sales and product innovation, with its optimisers aimed at the commercial and utility-scale PV plant markets.
