Financial & Legal

Analysts have given a mixed response to the deal announced yesterday between US solar giants, First Solar and SunPower, to form a joint yield-co vehicle.

French renewable energy developer Global EcoPower (GEP) has expanded overseas with the acquisition of Morocco-based Nova Power.

Major PV energy provider (PVEP) SunPower reported strong fourth quarter 2014 and full-year financial results.

UK developer Lightsource Renewable Energy has earmarked an investment of £125 million (US$193 million) for the country's rooftop solar market.

High-tech manufacturing equipment firm, Manz AG reported preliminary record 2014 full-year financial results while incurring a €22.5 million depreciation hit on its solar segment and shifting c-Si PV equipment operations to China.

First Solar and SunPower have issued a brief statement saying that they are in advanced negotiations to form a joint financial yield-co vehicle to contribute PV power plants projects from their existing portfolio of assets.

Israeli micro-inverter manufacturer SolarEdge has filed papers for a US$125 million flotation on the NASDAQ stock exchange.

Major fabless photovoltaics energy provider (PVEP) SunEdison reported fourth quarter and full-year results for 2014, reaching its 1GW project completion target and increased its pipeline by 51% to 5.1GW, excluding the First Wind acquisition.

Mainstream Renewable Power and private equity firm Actis have established a US$1.9 billion investment platform for the African market.

The repeal of a so-called Robin Hood tax on Italian energy firms could offset recent reductions in the feed-in tariff, according to independent power producer Etrion.