Latest headlines

Neo Solar Power buys 30% stake in Phanes Group

The Taiwanese PV cell maker has expanded its downstream activities by buying a stake in Emirati/Swiss project developer Phanes Group.

Joint Sunpower/First Solar yieldco reports solid quarterly results

In its first quarterly results since becoming a public company, 8point3 reported strong results, in contrast to the poor stock performance for yieldcos across the board.

Yingli proposes restructuring of payment on US$157 million in bonds

Yingli is selling land to make payments on bonds due in early October, and is in negotiation with creditors. This restructuring is the latest indication of poor financial health at the company.

Spire considers sale of the company, assets

Despite a rebound in capital spending across the solar industry, the Massachusetts-based PV equipment maker has retained investment bank Mirus Capital Advisors to “assess strategic alternatives”.

AES to issue solar asset-backed security

AES Distributed Energy 453 kW PV plant in Rosamond, California

There have been only five public solar ABS deals to date totaling $560.5 million -- four of which were issued by SolarCity.

OPIC funds 100 MW CSP plant in South Africa, grid improvements in Pakistan

Northern Cape, South Africa

The U.S.-led international development projects support private sector development in energy and inclusive access to finance. The projects "show the transformative impact that the U.S. private sector can have in the developing...

NRG spins off its renewable energy business

NRG cites the need for its clean energy business to be “nimble, lower cost, and cash sensitive”, and will limit it to US$125 million in funding. NRG's GreenCo will be a separate business by the beginning of 2016.

Spain: Solar generates 6.8% of summer energy mix, 'sun tax' fears remain

Cadiz, Spain

Summer in Spain is not totally gone and the Mediterranean sun continues to shine strongly, yet the country's solar PV and solar thermal sectors are feeling anxious.

SunPower to build 20 MW PV plant for Arizona electric cooperative

Cochise, Arizona

The PV manufacturer plans to design and build a fully integrated, modular solar power plant, achieving about 95% of the cooperative's state-mandated 2025 renewable energy target.

Vice President Joe Biden wows crowd at SPI

Vice President Joe Biden at SPI in Anaheim, California, Sept. 16, 2015

Biden unveiled a new White House grant program aimed at scaling up clean energy in 24 states across the country, targeting greater access to solar energy in rural and low-income neighborhoods and supporting efforts to reduce...

Phoenix Solar cuts profit target

Phoenix Solar First Solar

The cancelation of a major PV project in Asia has forced the German company to lower its earnings forecast. Nevertheless, Phoenix Solar's free order backlog far exceeds 2014 levels.

17. September 2015 | | Comment now

US solar loan company secures $300 million in capital

Sunlight wants to increase access to lower cost financing alternatives for residential rooftop solar PV assets

Sunlight Financial LLC has secured US$300 million in capital. It will use the funds to expand its business platform.

Court throws out SunPower lawsuit against SunEdison

SunPower's case against SunEdison has been dismissed

SunPower Corp’s lawsuit against SunEdsion Inc. has been dismissed, with the Northern District of California court stating that SunPower failed to adequately plead a claim.

Genscape buys Locus Energy

U.S. residential PV installation

With the addition of the PV monitoring and data analytics company, Genscape -- part of the Daily Mail and General Trust plc conglomerate -- will expand its operations into the burgeoning solar sector.

Trina not ruling yieldco out, addresses criticism

Spinning off Trina's downstream business will allow the 2 platforms - projects and manufacturing - to have their own financing platform, said CFO Tan

Last week, Trina said it will spin off its downstream solar PV project business, most likely under a "growthco," due to FIT payment and grid connection issues in China. Responding to questions by pv magazine, the company has...

Trina to spin-off downstream business

Trina plans to spin off its downstream solar PV business from its manufacturing activities

Trina Solar Limited is planning to spin-off its downstream solar PV project business as early as next year, said CFO, Teresa Tan. A "growthco" model is likely to be adopted, rather than a yieldco. Criticism has been aimed at the...

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