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.
A new report from GTM Research, titled US Residential Solar Financing: 2014-2018, has shed some light on the large financing transition within the US residential PV market in 2014.
Photon Publishing, which produces the prominent solar industry periodical, Photon International, has entered insolvency proceedings in the court of Aachen, Germany.
The PV industry’s largest manufacturer, Yingli Green Energy reported a US$55 million net loss for the first quarter of 2014, compared to a net loss of US$128.2 million in the previous quarter.
SunEdison has signed a master services agreement with PV tracker systems firm, NEXTracker to supply 1.85GW of its tracker systems for PV power plant projects of a three year period.
The US government’s development finance institution, Overseas Private Investment Corporation (OPIC) is to provide US$230 million for a solar power project in Chile.
