Goldman Sachs, Tennenbaum buy Conergy’s Asia business
A unit of Goldman Sachs and funds under Tennenbaum Capital Partners have jointly acquired Conergy Asia & ME and its subsidiaries from Kawa Solar Holdings.
SunPower to sell its stake in 8point3
The high efficiency PV maker has decided not to find a replacement for fellow sponsor First Solar, and instead to get out of the yieldco business.
Intevac’s revenue and profits pushed up by thin-film equipment sales
The California-based equipment supplier sold one Matrix solar ion implant system and two Energi solar implant systems during the second quarter of this year.
SolarWorld enters insolvency
Almost three months after announcing provisional insolvency proceedings, the German module maker has now entered the insolvency process. The company, however, is currently negotiating with a potential investor for the takeover of its two German production sites.
SMA expects strong 2017 as firm raises annual forecast
The German solar inverter specialist has increased its earnings forecast for the year to between €900m and €950m as orders swell.
Oil giant Shell invests in Singapore solar firm Sunseap
Although the amount of investment remains undisclosed, Shell’s involvement is likely to support substantial expansion of Sunseap’s solar production activities in Singapore and beyond.
Shunfeng issues H1 profit warning
The Chinese clean energy giant is expecting losses over the first half of this year to amount to around $49 million following a difficult 2016 and further squeezing of the firm’s activities in 2017.
Meralco opens bids for up to 85 MW of PV
Meralco is now reviewing proposals from solar developers to beat Citicore Power’s offer to supply 75 MW to 85 MW of PV capacity from three sites at a rate of PHP 3.50 ($0.07)/kWh.
Solar materials demand boosts DuPont segment results
The chemical giant says that the growing PV market drove improved results in its electronics and communications division.
Italy’s Convert wins 220 MW, $35m tracker deal in Brazil
The Italian solar tracker specialist will deliver and install its TRJ tracking solution to two Brazilian solar PV plants in Sao Pedro and Juazeiro.
