Global corporate funding in the solar industry reached US$25.3 billion in 2015, with a record year for residential and commercial solar, according to consultancy firm Mercom Capital.
Major renewable energy provider SunEdison has secured new term loans to reduce debts but carry an interest rate of LIBOR + 10.0% per annum through mid-2018.
Taiwan-based merchant solar cell producer Motech Industries has reported December, 2015 sales reaching a new record high, the fourth consecutive month of record sales.
Silicon Module Super League (SMSL) member Yingli Green Energy has restored its listing compliance with NYSE requirements, as expected after a reverse stock split.
China-based Photovoltaics Energy Provider (PVEP) GCL New Energy, a subsidiary of leading polysilicon and solar wafer producer, GCL-Poly expects to raise approximately US$302 million by way of a rights issue.
Leading Silicon Module Super League (SMSL) member Trina Solar has appointed Citigroup Global Markets Inc., as its financial advisor and Kirkland & Ellis as its international legal counsel to handle the proposal by Trina Solar’s founder, chairman and CEO, to purchase all outstanding NYSE shares and lake the company private.
Canadian Solar subsidiary Recurrent Energy has secured a tax equity investment commitment with GE Energy Financial Services for its 75MW Astoria 2 (previously 100MW) solar power project in California that is currently under construction.
Spain’s Constitutional Court has rejected an appeal by the Spanish region of Murcia against retroactive cuts on the use of solar power, according to a release from the Spanish Government.
Silicon Module Super League (SMSL) member and major PVEP (Photovoltaics Energy Provider) Canadian Solar is to raise US$100 million from the issue of common shares.
