SunPower subsidiary Cogenra Solar has filed a lawsuit this week over the alleged misappropriation of trade secrets, adding another chapter to the ongoing saga of shingled cell technology. The suit alleges that secrets were illegally obtained when the Elon Musk linked company was carrying out due diligence on a potential acquisition.
The sun may not have set entirely on SunEdison just yet, as a shareholder has come forward saying that the Bank of America has expressed an enthusiastic interest in bailing out the ailing developer. Shareholder Stephen A. Miller has requested a meeting with the Judge overseeing the bankruptcy, though it is unknown if this will actually take place.
Another surprising bankruptcy announcement came from the US over the weekend, as Verengo formerly a highly successful residential installer filed for Chapter 11. The bulk of the companys assets, including more than 20,000 installed systems, will be sold to retail specialists Crius Energy.
More developments in China this week, as rumors were confirmed that Feed in Tariffs will be slashed again as of January 2017, possibly by as much as 30%. The size of the cuts come as a shock to many industry insiders, with the industry still reeling from the previous FIT cut which took hold in June.
Solar enjoyed a brief moment at center stage Tuesday evening, as Presidential hopefuls Donald Trump and Hilary Clinton sparred over energy policy. Clinton once again stated her intention to deploy half a billion more solar panels across the United States by 2021, while Trump referred to previous U.S. investment in Solar as a disaster.
JA Solar became the latest in a line of leading manufacturers to withdraw from the EUs minimum import price from China. The enormous Chinese company will continue to supply European markets via production facilities located outside of China.
There is some good news though, as solar success stories continue to come out of Jordan, where this week a 50 MW plant was announced, to be financed by International Finance Corp and the Canadian Government. The two will provide US$76 million for the plant, which will be located in the northern city of Mafraq.
Recurrent Energy, Canadian Solars California based subsidiary, has been busy this week, bringing a 200 MW project into operation, something rarely seen in the U.S. Recurrent also signed a new PPA, and brought other smaller projects into operation.
Another big new contract has also been signed in India, with German organization Belectric ready to start construction on six solar sub plants at an as yet unspecified location in Telangana State, worth a combined 104 MW.