Latest headlines

SunEdison in talks over $2bn Chinese poly factory

The flag of China.

US poly and wafer maker could treble its poly production capacity with Chinese fab. Company president says it is considering a similar investment in Saudi Arabia.


Creditors vote through LDK restructure

LDK Solar headquarters.

Note holders of the debt-saddled wafer manufacturer waved through restructuring proposals this morning. The plans will now go before courts in Hong Kong and the Cayman Islands.


Austin utility tries to water down solar commitment

Austin, Texas.

Texan power company wants a 65% renewables target, imposed on it by city council, reduced to 50%. Austin Energy calling for new gas-fired power plant rather than 600 MW of new solar.


India raises JNNSM target by 75%

Part of the entourage for Indian PM Narendra Modi's recent visit the White House.

Narendra Modi wants 15.75 GW, rather than 9 GW under the second phase of the national solar mission. Developers are meeting in New Delhi today to discuss the proposals.


German renewable energy levy to fall for first time

Berlin, Germany

For the first time since its introduction, the German renewable energy levy will not increase year over year but instead decline, albeit by only 0.07 eurocents to 6.17 eurocents per kilowatt hour.


SolarCity to offer up to US$200 million in bonds

The third-party solar company is the first in the residential space to issue a corporate bond offering. The bonds will offer interest rates up to 4%, and SolarCity has launched a new online investment site.


Clean energy investment set to grow following robust third quarter

Glasspoint Solar-PDO project, Oman

The solar sector accounted for 25% of total clean energy venture capital and private equity investment in the third quarter. Notable solar deals included the $110 million secured by Sunnova and GlassPoint Solar, which received...


The pv magazine weekly news roundup: Oct 3-10

Solar PV installation at scale.

Storage updates, political wranglings, grid parity promises and yet more headlines for SolarCity... it's been another busy week on pv magazine.


Accelerator-backed Wunder launches U.S. solar fund

A solar installer.

A new solar fund has launched in the U.S. Wunder, backed by the Boulder Techstars accelerator program in Colorado, has launched a $1 million solar fund for investors. The fund is already 50% subscribed.


Glasgow: first European university to divest from fossil fuels

University of Glasgow

Glasgow University has taken the lead in the U.K. and Europe in aligning itself with the disinvestment movement, yet the number of higher education institutions turning away from fossil fuel investments is steadily growing.


Sun setting on Destertec

Desertec solar plant, Morocco

Time appears to be running out for the once ambitious consortium that envisioned supplying renewable energy to Europe from the Middle East and North Africa.


Mercom Capital: Downstream dominates as solar investment levels rebound in Q3 2014

While VC funding is up and a third yeildco IPO was held, Mercom's Q3 report shows that the biggest sources of available capital in the solar industry are still Chinese banks.


KKR partners with Acciona to grow renewable energy asset portfolio

Private equity firm KKR has moved deeper into renewable energy by acquiring a 1/3 stake in the renewable energy generation business of Acciona. The two companies plan to launch a yieldco to hold some of these assets.


Canadian Solar clarifies status of Japanese pipeline

Canadian Solar chief exec Shawn Qu

Kyushu Electric Power in Japan has said it is suspending grid connection approval for new solar projects pending evaluation of its respective grid capacity availability, which it expects to comlpete by the second quarter of 2015.


OneRoof Energy secures credit lines of $16.7 million

OneRoof Energy rooftop array

The San Diego-based company will use much of the new financing for its new residential solar fund and as working capital.


Election of EU energy commissioner proves thorny

European commissioner-designate for energy and climate action Miguel Arias Cañete

In a stormy hearing last week, Spanish commissioner-designate for energy and climate action Miguel Arias Cañete sought to dodge questions about his oil industry past and provided only vague answers to questions about energy and...


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