Finance

Suniva files for chapter 11 bankruptcy

Two weeks after laying off 131 employees without notice and closing its module plant in Michigan, one of the largest U.S. manufacturers has filed for chapter 11 bankruptcy.

Singyes Solar records 43% rise in net profit in 2016 full-year financials

The Chinese solar manufacturer saw revenue and profits both increase considerably last year. The company’s solar EPC business registered a 51% increase in turnover in 2016.

Yingli reduces losses despite Y-o-Y drop in revenue and shipments for 2016

The struggling Chinese module maker was able to reduce its losses in fiscal 2016. Revenue and shipments for last year, however, were down due to lower ASPs and lower utilization rate of production capacity.

Canadian Solar sells two PV power plants to Shenzhen Energy for $99.8 million

Canadian Solar is racking up sales in China with another two solar power plants traded for $99.8 million.

Toshiba posts 9-month net loss of $4.85 billion

The Japanese group — which develops solar projects and provides PV systems solutions, in addition to EPC and O&M services — has warned of “substantial doubt” over its “ability to continue as a going concern,” largely due to the decline of its nuclear business in the U.S.

Fiera Corporation buys shares in up to 921 MW-AC of U.S. wind, solar

The Canadian asset management firm has bought into a D.E. Shaw portfolio of assets in eight U.S. states.

Edisun Power reports increase in revenue and profit

The Swiss solar power producer saw its production increase by 7% in 2016. The company’s PV project portfolio also grew considerably in the past months thanks to the acquisition of several MWs of solar in Spain.

Macquarie reported to have acquired 330 MW of solar PV in India

Based on reports, an infrastructure fund of Australia-based Macquarie Group has acquired a large solar portfolio from India’s Hindustan Power.

Solar and Tesla shine amid weak Q1 for clean energy investment

BNEF cites financing for a massive solar plant in Mexico and Tesla’s billion-plus capital raise as running counter to the trend of falling clean energy financing during Q1. Investments in distributed solar also rose.

Solarcentury acquires 400 MW PV pipeline in Latin America

The British solar firm has expanded its Latin American presence with the acquisition of 400 MW of ECOSolar’s utility-scale solar projects spread across five countries. Local team also expanded.