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.
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.
German solar engineering, procurement and construction (EPC) provider Greencells has issued a secured green bond worth €25 million, the proceeds of which will be used to target a substantial EPC pipeline.
Iberdrola is set to double its renewables capacity by 2025 through a €75 billion (US$88.9 billion) investment package that sees the Spanish utility seek to take advantage of the “global energy revolution” and reach carbon neutrality in ten years.
The acquisition of Solarcentury and its PV project pipeline represents a “big step up” for Statkraft as it looks to become one of the world’s leading renewable companies in the next five years, CEO Christian Rynning-Tønnesen has said.