Struggling flexible CIGS thin-film consumer product producer Ascent Solar Technologies expects to raise US$1.12 million in a US$1.35 million Series J 10% Convertible Preferred Stock placement with an unidentified investor.
The results of Mexico’s second long-term power auction, following a much awaited energy liberalisation, reveal ‘highly competitive’ rates, according to state power regulator and grid operator CENACE.
In this week's segment, PV Tech reports on energy storage in Australia, acquisitions in India, and policy-makers in the US, in a round-up of the most dynamic employment stories over the last fortnight.
Microinverter producer Enphase Energy said it was restructuring due to the competitive environment with the loss of approximately 11% of its global workforce and the elimination certain non-core but unspecified projects.
Polysilicon producer REC Silicon is cutting production at its Moses Lake facility by around 50% from the beginning of October due to overcapacity in the solar supply chain.
A number of finance experts have confirmed that securitisation may be feasible in the near future for the US solar market, due to the maturity and low-risk nature of the industry.
The first grid scale installation of the Tesla Powerpack system in Europe has been completed in the UK by Camborne Energy Storage and is set to provide ancillary services to the National Grid.
