Representatives of Brazil’s Chamber of Mines and Energy Committee have approved legislation that includes new solar financing options and tax exemptions for solar cell and module imports, but the proposals must still pass through two more commissions to become law, according to a leading industry figure.
Global corporate funding in the solar industry reached US$25.3 billion in 2015, with a record year for residential and commercial solar, according to consultancy firm Mercom Capital.
Major renewable energy provider SunEdison has secured new term loans to reduce debts but carry an interest rate of LIBOR + 10.0% per annum through mid-2018.
US residential installer Sunrun said it would exit the PV market in Nevada with the loss of hundreds of jobs due to the recent negative changes by the Public Utilities Commission (PUC) in Nevada to net metering and charges on people operating solar systems.
Silicon Module Super League (SMSL) member Yingli Green Energy has restored its listing compliance with NYSE requirements, as expected after a reverse stock split.
Google is expanding its online solar service that helps customers assess cost and benefits of installing solar on rooftops to be able to reach more homeowners.
Leading Silicon Module Super League (SMSL) member Trina Solar has appointed Citigroup Global Markets Inc., as its financial advisor and Kirkland & Ellis as its international legal counsel to handle the proposal by Trina Solar’s founder, chairman and CEO, to purchase all outstanding NYSE shares and lake the company private.
Michelle Bachelet, President of Chile, has signed off on a new energy strategy for the South American country, which sets a goal of generating 70% of national electricity generation from renewable sources by 2050.
