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.
PV and electronics equipment manufacturing and automation specialist Manz AG has decided to keep its turnkey CIGS thin-film technology after almost a year of undertaking a strategic review, due to lack of orders.
Equipment manufacturer Foxconn has acquired a 66% stake in Sharp at a reduced price, with the two parties set to hold a press conference this Saturday, 2 April.
Embattled renewables firm SunEdison is said to be close to seeking bankruptcy protection, according to one of two subsidiary yieldcos, Terraform Global in an SEC filing.
Community solar in the US could be a market worth as much as US$2.5 billion in revenues by 2020, but accommodating it will require a rethink of utility business models, a new report by Navigant Research claims.
