Independent power producer sPower said it had secured a tax equity investment and syndicated construction and term loan facility totalling US$786 million to build 9 solar projects in Lancaster, California with a capacity of 339MW.
Credit ratings firm Fitch has praised Argentina’s RenovAR program for solar and wind utility-scale project plans, due to its structure that addresses legal and off-take risks.
Leading PV manufacturing equipment supplier Meyer Burger Technology said it had been awarded new tool orders from two existing customers in Europe and Asia valued at CHF15 million (US$15.3 million).
Indian solar power producer Azure Power announced Tuesday that it has agreed to a long-term, low-cost debt financing facility of US$20 million with the US government’s finance organisation — the Overseas Private Investment Corporation (OPIC).
PV and polysilicon manufacturing equipment specialist centrotherm photovoltaics has withdrawn its earnings forecast for fiscal year 2016, due to PV manufacturers postponing capital expenditure (capex) plans on overcapacity and rapid price declines.
Texas electricity provider TXU Energy announced a limited-time instant rebate for residential consumers who buy SunPower PV rooftop systems through the company. In addition, TXU Energy unveiled a new plan to boost net metering credits for customers.
Crystal growth equipment supplier GT Advanced Technologies (GTAT) said it had accepted the resignation of CEO, Dave Keck and appointed board member and former employee, Greg Knight as its new CEO.
Industrial technology firm ABB is restructuring its multiple market divisions into four core divisions with its solar energy offerings including PV inverters joining its Electrification Products segment from its existing Discrete Automation and Motion (DM) division.
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion plans in the third quarter of 2016, highlight an absence of China based solar cell and module manufacturers making new announcements for either domestic or overseas production.
