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.
German solar industry trade association BSW-Solar is considering taking legal action over reforms to the German Renewable Energy Act (EEG), announced yesterday.
System provider, Petra Solar, and its partner, the Washington DC-based renewable infrastructure business group, Caspian Renewable Energy, have completed a 5MW installation in Bahrain.
A new joint venture targeting India’s PV-diesel hybrid market has been established between a US independent power producer and an Italian engineering, procurement and construction (EPC) firm.
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.
SunPower Corporation has become the latest US solar provider to pilot the deployment of residential storage systems in California by extending the terms of an existing partnership with homebuilding company KB Homes to include storage.
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 1.6MW PV system, installed on top of an audio-headset factory in Tijuana, Mexico, is now the largest privately-owned rooftop PV installation in the country, as well as all of Latin America.
Georgia-based renewable energy supplier Green Power EMC has agreed to buy power from a 20MW PV plant due to be built in the state by developer Silicon Ranch.
