Corporate solar funding slips YoY finds Mercom Capital

Total corporate funding in the solar sector has slipped slightly in the first nine months of this year, compared to the same period in 2016 reports Mercom Capital, despite increases in global VC funding and M&A transactions. Some strong quarterly gains were, however, recorded. Downstream remains a key funding focus.

Work on 220 MW Myanmar PV project underway

Work on the first phase of a planned 220 MW solar PV plant is underway in Myanmar, according to Basic Energy Corporation. The Filipino-based energy company is looking to acquire an up to 20% stake in the two EPC companies involved.

2015: 57 GW of solar PV installed, clean energy investment hits highest ever levels

BNEF calculates that 57 GW of solar PV was installed last year, marking an increase of around 30% on 2014. Latest figures also show that, despite factors which could have impeded growth, clean energy financing reached US$329.3 billion in 2015. Chinese and U.S. markets led the charge, alongside a host of new markets; European activity, however, decreased.

2015: 57 GW of solar PV installed, clean energy investment hits highest ever levels

BNEF calculates that 57 GW of solar PV was installed last year, marking an increase of around 30% on 2014. Latest figures also show that, despite factors which could have impeded growth, clean energy financing reached US$329.3 billion in 2015. Chinese and U.S. markets led the charge, alongside a host of new markets; European activity, however, decreased.

US Clean Power Plan blocked by Supreme Court

The U.S. Supreme Court has put President Barack Obama’s Clean Power Plan on hold until it determines the plan’s legal merits, expected this summer. Despite the surprise, many are confident the decision won’t affect coal’s continued decline in the States amid a burgeoning renewable industry.

Orix on track to meet 900 MW Japanese solar goals

Japanese finance and leasing company, Orix has said it aims to invest around US$872 million in installing 550 MW of solar in Japan in the next two years. This would take its cumulative capacity to 900 MW, thus achieving targets outlined in 2014.

Sharp: Surprise over Foxconn nod, Energy Solutions segment reports biggest revenue drop

Sharp has surprised many by awarding preferred negotiating rights to Taiwan’s Foxconn for its US$5.9 billion takeover bid, rather than the Innovation Network Corporation of Japan (INCJ). Meanwhile, the electronic giant has reported a net loss for the first three quarters of around $902.5 million, led by its Energy Solutions segment.

United PV withdraws $90 million Hareon lawsuit

United PV has today announced the withdrawal of a US$90 million lawsuit, after receiving $250 million from an investment fund under a deed of assignment, and reimbursement from Hareon for all arbitration and legal costs.

US: Cumulative solar installs top 28 GW, 16 GW of renewables installed in 2015

According to a new study by BNEF and the Business Council for Sustainable Energy, cumulative solar capacity in the U.S. has reached 28 GW, of which 7.3 GW was installed in 2015. Overall, last year saw 16 GW of renewables added, outstripping fossil fuels for a second year. Energy productivity is also growing, while prices remain stable. Investment, particularly in solar, is also on the rise.

Sharp bailout plans include breaking business up, merging with Solar Frontier

Rumors have been furiously swirling around the possibility of a bailout of Sharp Corp. Both Taiwan’s Foxconn and the Innovation Network Corporation of Japan have recently presented rescue plans. The latest news to emerge from Japan is a possible merger with CIS thin film pioneer, Solar Frontier.