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.
More and more corporations are signing contracts with wind and solar projects, and as this happens the space is becoming broader and more complex.
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.
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.
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.
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.
ESB and Oersted UK independently announced this week they have acquired storage assets to deliver ancillary services to the UK grid operator.
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 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 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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