Financial & Legal

Solar developer Solairedirect has been valued at €386 million (US$414 million) after it announced its indicative share price range ahead of its forthcoming IPO.

Bundling a number of solar power generation assets into one investment fund through so-called ‘yieldcos’ is lowering the cost of renewables, while the yieldco market itself is expected to experience substantial growth in the next few years, an investment banker has said.

International downstream PV firm Conergy and developer Holocene have jointly reached financial close on a 28MW portfolio of PV projects in North Carolina.

French developer EDF Energies Nouvelles and Japanese industrial conglomerate Marubeni have entered Chile’s solar market with a 146MW project.

NRG Energy and its yieldco NRG Yield have formed a partnership to invest in residential solar leases.

Struggling PV module assembly equipment specialist Spire Corporation said 2014 financial filings would be delayed due to the exit of its former CFO in February.

Major merchant solar cell producer Neo Solar Power (NSP) reported lacklustre sales improvement in March 2015, resulting in sales remaining in the doldrums for the first quarter of the year.

South Africa’s solar investments stood out in a slow Q1 for renewable investment, according to Bloomberg New Energy Finance (BNEF).

Taiwan-based solar wafer producer Green Energy Technology (GET) reported March 2015 sales almost flat with the previous month.

US-Based ‘Direct Wafer’ producer 1366 Technologies has attracted a new investor from China and a new customer in Japan.