Owners of PV firm could spend decades in prison after still-ongoing criminal case found investors including Warren Buffett’s Berkshire were ‘duped’ of US$1bn to fund ‘lavish’ lifestyle.
Over 700 units are set to go under the hammer this week as part of court-ordered liquidation of Californian solar firm, brought down by FBI probe over Ponzi-style fraud allegations.
Federal judge said to have paralysed move by AMLO government to extend clean energy certificates to existing hydro and nuclear plants, which critics said would ruin PV and wind project economics.
Country fails to dismiss case brought by bankrupt developer over losses from FiT changes, joins Spain among EU states risking multi-million payouts for policy u-turns.
Arbitration court finds NextEra Energy is entitled to compensation after having to shelve Spanish subsidiary when the country scrapped feed-in tariffs retroactively.
Two unions in South Africa have blocked the signing of renewable energy power purchase agreements claiming that doing so will lead to job losses from closed coal plants.
NextEra Energy is suing the US Treasury Department for more than US$135 million claiming that it miscalculated grants owed to it for the Silver State Solar project in Nevada.
Filipino energy secretary Alfonso Cusi has euphemistically admitted that the suspension of four commissioners of the Energy Regulatory Commission (ERC) may cause delays in power projects, while the already inert solar industry has seen conditions go from bad to worse.
Renewable energy developers SkyPower and Renew Power are involved in legal disputes with the distribution company (Discom) of the Indian state of Madhya Pradesh over solar project deadlines and PPAs, while SkyPower has also claimed to have successfully brought into operation its first ever project in the state.
