Illinois is set to purchase up to US$30 million in PV power and connect it to the state’s energy mix for electricity consumers after legislation was signed into law Saturday that will help expand the PV rooftop market in the state.
The lack of cash within LDK Solar’s holding company, registered in the Cayman Islands has been highlighted by its Joint Provisional Liquidators (JPLs), which are still seeking sufficient funds to carry out planned restructuring duties.
Germany-based PV module manufacturer and project developer, Solarwatt has acquired two operation centres of bankrupt PV project developer CentroSolar to further boost its European expansion plans. Financial details were not disclosed.
First Solar’s 52MW PV plant in Jordan has a new partner going forward. Mitsubishi Corporation, through their subsidiary Diamond Generating Europe, Ltd., will operate a 35% equity share of the Shams Ma’an plant.
Struggling power electronics and PV inverter manufacturer, 3W Power/AEG Power Solutions, has won approval from shareholders and bondholders to convert its €100 million bond by issuing a new €50 million bond and a debt for equity swap for the remaining €50 million.
Canada-based start-up, Ubiquity Solar Inc has received CAD$3.1 million in funding to further develop its low-cost hyper-pure polysilicon and monocrystalline ingot/wafer technology, ahead of plans to commercialise the technology.
In a financial deal that is said to be one of the largest ever within the renewable energy sector, investment firm, Kohlberg Kravis Roberts (KKR) has purchased a one-third stake in ACCIONA Energía International (AEI) for €417 million (US$567.3 million). ACCIONA Energía is to retain two-thirds ownership of AEI.
