After filing for Chapter 11 bankruptcy protection in March this year, Sungevity has been approved for sale to Minnesota private equity firm Northern Pacific Group for US$50 million.
Atlanta-based solar panel manufacturer Suniva has officially filed for Chapter 11 bankruptcy blaming overcapacity due to a mass influx of cheap solar panels in Asia, undercutting domestic production.
Bolymedia Holdings, a high-tech manufacturing firm headquartered in Silicon Valley, California, revealed its fourth patented renewable energy technology product at this year’s SNEC Expo in Shanghai.
News in Brief: ReneSola sells 6.75MW North Carolina project to Greenbacker, An Indiana Ikea is to install the largest retail rooftop solar array in the state, PowerHub releases a new version of its O&M software and five community college campuses in California are developing solar canopies.
The theme of this week's Movers & Shakers is international expansion. PAYG off-grid solar provider Azuri Technologies is strengthening its leadership team to target West Africa, while Vancouver, Canada-based Solar Alliance Energy targets US assets and expands its sales team to accommodate for this. ABB appoints new regional heads to ensure direct market contact with Europe and the AMEA region.
Global clean energy investment in the first quarter of 2017 was down 17% compared to Q1 2016, as market leaders China and the US scaled back support for wind and solar farms.
