Regulators in Europe should throw their support behind re-establishing a solar manufacturing base in the continent that could reach a capacity of 20GW and support more than 100,000 jobs, Meyer Burger and SMA have said.
Californian energy tech developer BrightNight and Canadian clean energy company Cordelio have formed a joint venture that will see the latter expand its operations in the US with the help of the former’s planned projects.
Having topped solar module manufacturer shipments in 2013, Yingli’s next five years were typified by falling revenues and increasing debt. Now, with a complex restructuring underway, Yingli has plans to reach the top again. PV Tech gets inclusive insight into how that restructure is taking shape.
Solar manufacturer Yingli Energy has achieved what it described as a “critical milestone” after its restructuring plan was formally approved by a Chinese court.
While the ongoing COVID-19 pandemic may have initiated something of a freeze on new solar financing deals in the US, significant interest in M&A remains and the incoming Biden administration could ease the logjam.
A US development pipeline consisting of 3GW solar and 2.5GWh of energy storage has changed hands as asset manager Magnetar Capital acquires the renewable energy business of Lendlease.
Solar perovskite start-up Evolar has sourced investment from Norwegian renewables investor Magnora as it targets rapid commercialisation of the technology.
