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.
A property tax exemption for solar power systems in California has been extended to 2025, following the passing of a bill as part of the annual state budget.
Japan installed 7,185,000kW of PV by the end of the country’s 2013 financial year, which ended on 31 March, according to the latest figures from the Japanese Ministry of Economy, Trade and Industry (METI).
Retroactive changes to Italy’s feed-in tariff (FiT) are “illegitimate” and could face similar legal challenges to those seen in Spain, according to a major PV investor.
Pakistan’s National Electric Power Regulation Authority (NEPRA) has considered energy service company, Buksh Energy, eligible to receive a feed-in tariff for a 10MW proposed solar power plant.
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.
