The largest Property Assessed Clean Energy (PACE) bond securitisation has been completed. The securitisation, HERO 2016-2, includes US$305,313,000 in Class A Notes, secured by 13,432 PACE assessments levied on residential properties in 31 counties across the state of California.
Solar power firms and some wind developers are experiencing curtailment of their energy production in the north central regions of Chile, but this will have been accounted for in their business plans, according to a major industry representative.
Monocrystalline cell and module manufacturer LERRI Photovoltaic Technology (LERRI Solar), a subsidiary of major monocrystalline wafer producer Longi Silicon Materials has signed a strategic technology partnership with materials giant, 3M.
Major US-based polysilicon producer Hemlock Semiconductor has become majority owned by Dow Chemical, which has assumed 100% ownership of Dow Corning, a 40% owner in Hemlock as part of the previously announced strategic realignment.
Post SNEC 2016 exhibition reports are starting to raise concerns over a looming collapse in downstream solar PV demand in China in the second half of the year that could lead to wider implications of both solar cell and module overcapacity and subsequent ASP declines hitting the global solar industry.
Arizona Public Service (APS) has requested the Arizona Corporation Commission for the first rate review in five years, with proposals that include an unprecedented mandatory demand charge and the elimination of net-metering.
