TerraForm Power President and CEO steps down
Brian Wuebbels has stepped down from his leading role at TerraForm Power, as SunEdisons yieldco distances itself from the troubled parent company.
BREAKING: SunEdison under investigation by Justice Department, Securities and Exchange Commission
In a regulatory filing, SunEdison has revealed that it is being investigated by two federal bodies, as the latest of its troubles.
SMA delivers positivity across the board in 2015 financials
Sales growth of 24% year-on-year driven by strong performance in large-scale, residential and commercial sectors as company targets first dividend payout for four years following robust turnaround.
Foxconn seals Sharp buyout deal on vastly reduced terms
The Taiwanese company finalizes two-thirds control of the Japanese electronics giant for sum of 389 billion yen ($3.5 billion) in inaugural buyout of a Japanese firm by a foreign entity.
Manz records 2015 revenue slightly above forecast but 27.4% down from 2014
Manz AG announced its 2015 financial results indicating significant loss mostly in its electronics sector due to order cancellations and delays of around EUR 140 million. The company expects to grow its capital in 2016 due to the strategic collaboration with Shanghai Electric in the solar sector.
SEC investigating alleged SunEdison liquidity claims
According to the Wall Street Journal, the Securities and Exchange Commission doubts SunEdison’s claims that its $1.4 billion in cash is readily available, and is investigating how much cash the company had to hand in August when certain claims were made.
Abengoa given seven-month extension to agree on debt restructuring
Creditors of the Spanish renewable energy giant have agreed upon a seven-month grace period to allow the company to approve a restructuring of its debt, and avoid immediate bankruptcy.
Eging reports sharp growth in 2015
China module manufacturer Eging PV releases audited annual report for 2015 showing steep growth over past year; firm records new high in multi aspects of its business.
SunPower, Total collaborate on 27 MW Japan solar farm
Large-scale solar plan follows flurry of ground-mount completions in the Japanese mega solar sector. Analysts, however, expect wholesale shift towards rooftop sector in coming months as policy changes alter PV landscape.
REC announces s$250m R&D and production expansion in Singapore
Norway’s REC Group to invest s$250 million in automation ramp up at its Singapore HQ, with a portion of those funds to be steered towards R&D via collaboration with Solar Energy Research Institute of Singapore.
