CDPQ takes majority stake in Invenergy Renewables
Invenergy plans to maintain day-to-day management of its renewable energy business, with the Québecois fund manager increasing its economic stake to 52%.
Sonnen secures €60 million investment from Shell Ventures
Germany-based PV-storage provider sonnen has closed a new funding round from a group of investors led by Shell Ventures. Sonnen has already began to draw on the funds as it continues to expand market shares in the U.S. and in Australia. Shell Ventures is now a major sonnen investor and future cooperation agreement has been agreed to.
$758 million financing for the first PV-CSP plant in Latin America
Chilean company Cerro Dominador have announced the signing of a $758 million deal to finance the first combined concentrated solar power-PV project in Latin America – a 210 MW scheme in the Atacama desert
US: Rush to gas risks hundreds of billions in stranded assets
A new report by Rocky Mountain Institute finds that gas plants proposed across the United States over the next 15 years could be replaced by clean energy portfolios at a net savings, and that these projects are at risk of becoming stranded assets.
Court orders Yingli to repay $10.6 million in medium term notes
A court in China has ruled that Baoding Tianwei Yingli New Energy Company Limited must pay back RMB 65.7 million in medium term notes, due from 2015 and 2016. The Yingli Green Energy Holding Company Limited subsidiary plans to appeal the decision.
Crowd investment kicking off PV, storage system market in developing countries
Autarsys reports the roll-out of two off-grid battery systems in Madagascar. Thanks to crowd investment, its order books are full. Streamlining the process of investment, the Germany-based start-up will cooperate with crowd investment platforms, Greenvesting and Ecoligo.
Canadian Solar sees revenue more than double in Q1, reports slightly increasing ASPs
The Chinese-Canadian module manufacturer saw its quarterly revenue exceed its forecast, while posting a net profit of $43.8 million. Meanwhile, its portfolio of solar projects in development has reached 2.3 GW.
Neo Solar Power increases turnover, reduces losses
On the last stretch to the merger between NSP, Gintech and Solartech, the company still posted losses due to “operational challenges” and solar trade disputes.
Singulus reports fall in sales and profit
German PV equipment supplier Singulus Technologies has reported a fall in both sales and profit year on year for the first quarter of 2018. The company, however, points out that its order books are full.
Wales to introduce energy efficiency loan benefit, applicable to residential PV installations
Welsh home buyers intending to install a roof-top PV array are set to benefit from a rejigging of loan conditions for energy efficiency dwellings.
