independent pv power producer

Independent PV power producer, GCL New Energy (GNE), a division of GCL-Poly is selling a 70% shareholding in 19 PV power plants with an installed capacity of approximately 977MW for RMB 1.74 billion (US$251.5 million).

Solar independent power producer Etrion has connected the first half of its new Aomori solar project in Japan that will be 9.5MW in capacity upon completion.

Independent power producer sPower said it had secured a tax equity investment and syndicated construction and term loan facility totalling US$786 million to build 9 solar projects in Lancaster, California with a capacity of 339MW.

Independent power producer Etrion Corporation said it was evaluating the possible sale of its 60MW PV power plant portfolio in Italy to raise funds to expand project development in Japan.

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.

Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) has reported first half year 2016 financial results wherein its grid connected PV Power plant capacity of 1,780MW is unchanged from the end of 2015.

Struggling renewables firm SunEdison has appointed a new chief financial officer designee in preparation for the transition of its current CFO to a full-time role with the company's two yieldcos.

China-based PV energy provider GCL New Energy Holdings (GCL NE) has updated its PV power plant installation figures for 2015.

China-based PV energy provider (PVEP) United Photovoltaics Group and major shareholder, China Merchants New Energy Group have secured RMB10 billion (US$1.53 billion) in financing from CITIC Financial Leasing Co.

Independent PV power producer Sky Solar Holdings has reported relatively flat third-quarter revenue as it remained conservative in its capital allocation for building PV projects, while continuing to focus on completing projects in Japan, due to its financing partnerships in the country.