Leading ‘Silicon Module Super league’ (SMSL) member Trina Solar has announced that its chairman and chief executive officer, Jifan Gao has secured an investor consortium to take the company private and exit the NYSE in a US$1.1 billion transaction. The merger is currently expected to close during the first quarter of 2017.
Tesla Motors' possible acquisition of leading US residential PV installer SolarCity has been sealed with an all-stock transaction valued at around US$2.6 billion.
In this week's Movers & Shakers, PV Tech reports some recent industry mergers and acquisitions, dramatic UK solar job losses and an equally dramatic opportunity for job growth in the US with Tesla's new Gigafactory in Nevada.
Integrated PV module manufacturer SolarWorld has reported flat revenue and shipments for the second quarter of 2016, compared with the previous quarter.
Nevada’s largest utility, NV Energy, made a filing yesterday with the Nevada Public Utilities Commission to return existing rooftop solar consumers to the previous, more favourable rates for the next 20 years.
Minnesota Power tendering 300MW PV, more Brazilian states have exempted the ICMS tax on net metering, the WTO Appellate will rule on India/US solar trade case in September,
The Solar Energy Industries Association (SEIA) has dismissed Fitch warnings that proposed net metering could damage the creditworthiness of utilities as “old news and bad analysis”.
