Finance

Finnish Evli Bank has become the majority shareholder in Finnish solar company Nordic Shine, as the two companies combine to create the country’s first ever solar investment fund, to expand the possibilities of distributed solar within the country.

Consolidation of top 10 suppliers continues as Chinese inverter firms Huawei and Sungrow top shipment chart, while SMA’s U.S. strength sees it cling on to top spot for revenue, report shows.

Bloomberg New Energy Finance now considers the Indian solar company a Tier 1 operator, becoming only the second in the country after Vikram Solar to earn the accolade.

The solar investment fund has paid GBP 22.7 million for five sub-5 MW solar PV plants in England and Wales that are due to become operational before March 31, 2017.

The Swiss PV equipment manufacturer has received a CHF 5.76 million (USD 5.7 million) commitment from new investor Brustorm SA, as the company continues its capital increase, as part of the major restructuring it announced earlier in the year.

Although chaotic, the Indian government’s note recall is likely to benefit banks and distribution companies, potentially loosening lending criteria for solar projects and bringing down interest rates, Mercom Capital believes.

The Chinese solar firm secures project financing from the South Korean conglomerate for the construction and operation of a 55 MWp solar plant in Japan’s Yamaguchi prefecture.

Meyer Burger Technology’s Board of Directors has approved the final terms for the capital increase, which were announced earlier today, and will see the Swiss solar production equipment manufacturer seek to accumulate CHF 164.5 million (USD 162.64 million) by issuing new registered shares.

The Chinese solar company posts its first quarterly loss in more than a year as revenue and shipments slip in wake of China market slowdown and lower module ASPs.

The Swiss solar technology provider confirms management and board changes that include appointment of Hans Brändle as new CEO from January 1.