Distressed PV thin-film producer Hanergy Thin Film has finally issued a profit warning and business update that reveals the extent of the dependence on its parent company and its dire financial position.
A levy, or cess, on coal and other fossil fuels in India will be doubled from INR200 (US$2.93) per tonne to INR400 per tonne, under the latest Budget announced today by minister of finance Arun Jaitley.
Solar power company Canadian Solar announced that it has agreed to a financial agreement in which Goldman Sachs Japan will establish a US$26 million project finance bond for the 10.2MW Aomori-Misawa solar power plant in Rokunohe-cho, Kamikita-gun, Aomori Prefecture, Japan.
Struggling renewables firm SunEdison has partnered with Chinese state-owned enterprise, Jinneng Group to build a 1.5GW integrated n-type monocrystalline heterojunction production facility in Shanxi Jinzhong Industrial Park, Shanxi, China.
Just hours after Taiwanese electronics maker Foxconn looked poised to buy a majority stake in Japan’s Sharp, the deal has been delayed, according to various reports.
The World Trade Organisation (WTO) ruling in favour of the US on its complaint against India’s localisation rules for solar equipment, does “not affect the future course of action” that India is considering, Tarun Kapoor, joint secretary of India’s Ministry of New and Renewable Energy (MNRE) has told PV Tech.
