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.
Berkshire Hathaway, Inc. CEO Warren Buffett certainly made his presence felt at the Edison Electric Institute’s annual convention in Las Vegas on Monday. Despite speaking at an event hosted by perhaps the leader in anti-solar sentiment amongst utilities in the US, Buffett nonetheless announced that he plans to double the amount of money that Berkshire Hathaway has invested into both the PV and wind energy markets in the US.
Inverter manufacturer Enphase Energy has entered into an agreement with general contractor North State Solar Energy, under which North State Solar Energy will be an exclusive installers of Enphase's American Pride microinverters in commercial and residential PV installations in Northern and Central California.
