The US domestic installer has clinched a US$95 million revolving asset-based loan facility and a private placement of US$55 million aggregate principal amount of convertible senior notes.
Solar developer Silicon Ranch and utility Walton EMC have extended their solar relationship with Facebook, committing to build a further two solar farms for the social media giant.
The US installer will use the funding to refinance a working capital facility and purchase equipment that will qualify its projects for the full ITC rate before it depreciates to 26% on 1 January.
Cecilia Keating concludes PV Tech’s end-of-year review, with a look back at Q4 2019's highlights, where bifacial modules narrowly missed being added to President Trump's broader suite of solar tariffs, free-market solar swept Europe, the world's climate priorities were put under the microscope at COP25, and sub-Saharan Africa wrestled with major energy crises.
US Congress and the White House have failed to agree an extension to the US solar Investment Tax Credit (ITC), paving the way for the credit to be cut from next month.
A partnership comprised of EDP Renewables and ConnectGen has signed off on a deal with First Solar to acquire three PV projects with a combined installed generation capacity of 278MW.
José Rojo continues PV Tech’s end-of-year review with a look back at Q3 2019 highlights, from solar trade spats to Portugal’s head-turning tender, Tesla’s court woes and a solar-plus-storage bonanza.
