As part of the deal, the solar developer will sell $70 million of common stock and convertible promissory notes to investors, who will also receive options to buy a further $70 million in company shares.
Swiss PV technology provider Meyer Burger is bullish on the prospect of orders coming from India, in the wake of Prime Minister Modis support of solar and domestic manufacturing. Meyer Burger says it sees the 100 GW solar vision of the government delivering significant scale upstream manufacturing in India.
Including the new City2 installation, GreenGo Energy has now completed PV systems for nine Danica Pension shopping centers — a total of more than 6 MW.
Indian manufacturers Saint Gobain Glass India, Gold Plus Glass Industry and HNG Float Glass filed the petition seeking import tariffs on clear float glass imports from the three countries.
After securing new loan agreements with banks and financing partners, the German renewable energy project developer has fulfilled the necessary requirements for a partnership with MVV Energie, which will take a 50.1% stake in the company.
The fund will provide financing for a portfolio of distributed generation projects in 12 U.S. states and Puerto Rico. The second fund this year brings the company’s total fund-raised capital to $290 million with Barclays and Citi.
Robert Goss, Conergy UKs managing director, tells pv magazine that the company is ready for the forthcoming shift in the U.K.’s solar support scheme, and will explore rooftop and sub-5 MW ground mount installations next year.
Worldwide PV equipment billings have fallen in Q3 2014, decreasing to $264 million, a fall over 17% quarter-on-quarter. Bookings also fell to $157 million, 33% below Q2, with the book-to-bill ratio remaining below parity.
The $87 million deal includes five solar PV farms in southern France with a total capacity of 50.8 MW and expands the German group’s footprint in the French solar market from 90 MW to more than 140 MW.
The leading North American O&M services provider added a total of 27 renewable energy projects in Quebec and Ontario in 2014.
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