Renewables firm SunEdison currently in Chapter 11 bankruptcy proceedings said in a SEC filing that it had received around 100 bids for parts and all assets of the company, yet the ‘sum of the parts’ equated to approximately US$1.25 billion to US$1.7 billion of potential total gross proceeds, far below incurred debts estimated at almost US$12 billion, excluding its two yieldco’s.
Ohio-based racking and mounting equipment installer Solar FlexRack has installed its TDP turnkey tracker solution in Nebraska’s largest solar PV plant.
Chinese PV module and system manufacturer Canadian Solar has entered into a distribution agreement with DM Solar, a wholesale distributor of solar products headquartered in Guadalajara, Mexico.
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion announcements in July and August, 2016 highlight the industry fears over a new period of overcapacity across the supply chain after explosive growth plans announced in the first half of 2016.
SolarWorld and Hemlock are set to hold a mediation conference on 19 September following SolarWorld being ordered to pay Hemlock damages amounting US$793 million plus costs and interest in July.
Solar ranks lowest in terms of projected Capital Expenditure (CAPEX) for electricity generating technologies in 2030, according to the National Renewable Energy Laboratory’s 2016 Annual Technology Baseline (ATB).
Behind-the-meter storage is forecast to become a larger segment than grid-scale storage by 2021, and could pose a potential threat to utilities, according to Bloomberg Energy Finance (BNEF) senior analyst Logan Goldie-Scot.
