Markets & Finance

Solar developer Solairedirect has been valued at €386 million (US$414 million) after it announced its indicative share price range ahead of its forthcoming IPO.

Bundling a number of solar power generation assets into one investment fund through so-called ‘yieldcos’ is lowering the cost of renewables, while the yieldco market itself is expected to experience substantial growth in the next few years, an investment banker has said.

Six PV projects totalling 415MW have been selected under the fourth round of South Africa’s national renewable energy procurement programme.

Solar cell and module manufacturer Suniva announced that it is powering a PV project with battery storage from Vermont-based utility Green Mountain Power (GMP.)

International downstream PV firm Conergy and developer Holocene have jointly reached financial close on a 28MW portfolio of PV projects in North Carolina.

French developer EDF Energies Nouvelles and Japanese industrial conglomerate Marubeni have entered Chile’s solar market with a 146MW project.

NRG Energy and its yieldco NRG Yield have formed a partnership to invest in residential solar leases.

SolarCity has announced a new partnership with smart-metering company Nest starting with an offer of 10,000 Nest thermostats to new customers in California.

Struggling PV module assembly equipment specialist Spire Corporation said 2014 financial filings would be delayed due to the exit of its former CFO in February.

Borrego Solar has expanded its operations and maintenance service to cover all commercial-scale PV installs.