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Finance

Yingli to transfer to OTC Pink after NYSE delisting

Yingli Green Energy Holding Company Limited has been delisted from the New York Stock Exchange, and expects to begin trading on the OTC Pink on July 2, where there are no disclosure requirements.

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The Weekend Read: The hows and whys of corporate PPAs

More and more corporations are signing contracts with wind and solar projects, and as this happens the space is becoming broader and more complex.

Basic Energy buys stake in 2 Thai EPC firms working on 220 MW Myanmar PV project

The Philippines-based energy company has signed the share purchase agreements to acquire a 15% stake in two Thai companies, which are building a 220 MW utility-scale solar power project in Myanmar.

JinkoSolar posts lower shipment volumes, revenues for Q1, remains optimistic despite policy change

As forecast in its 2017 financial report, JinkoSolar shipped around 2 GW of modules in the first quarter of this year. Meanwhile, it did not adjust its forecast for 2018 shipments, in the range of 11.5 GW to 12 GW, despite the Chinese government’s cuts to installations.

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International investors provide $34 million for solar plant in Zambia

The Ngonye project proposed by Italian energy giant Enel Group and Zambia’s Industrial Development Corporation, will be financially underpinned by senior loans of up to $10 million from the International Finance Corporation, up to $12 million from IFC-Canada Climate Change Program and up to $11.75 million from the European Investment Bank.

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Positive performance for Renesola continues into 2018

Developer has posted positive financial results for the second quarter running, following the company’s restructuring. Though its discontinued module manufacturing operations are not included in financial results for the first quarter, the company more than tripled net income on the previous three-month period.

National Grid UK to receive ancillary services from 27MWh of storage capacity

ESB and Oersted UK independently announced this week they have acquired storage assets to deliver ancillary services to the UK grid operator.

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Schletter to be acquired by investors, closing financial recovery

With the acquisition by Golden Square Capital, the Germany-based PV company can finalize the plans to improve its financial status. Providing a two-digit million figure, the investor ensures that product and business development units can improve their activity in the future. Yet, cutting jobs in Germany is inevitable.

GE commissions inverters for 96 MW in Japan

GE has finished installing 50 units of its 1.26 MW Brilliance inverters at a 96.2 MW (DC) solar project in southwestern Japan’s Miyazaki prefecture.

Eon secures €5 billion to finance innogy acquisition

Eon has now secured funding required the acquisition of RWE’s renewable energy subsidiary innogy, a move that was announced in March. German regulators, and the companies’ respective boards, have not yet give the green light for the acquisition.

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