SolarCity creates new $249 million fund
SolarCity will launch a new tax equity fund, to finance $249 million of residential solar installations. The financing partner in the deal has not been identified, but SolarCity reports that it is the fourth fund the two firms have created in partnership.
Denial of Appaloosa injunction clears the way for SunEdison to acquire Vivint
A judge’s rejection of David Tepper’s attempts to block SunEdison from transferring Vivint assets to yieldco TerraForm Power is good news for the belated deal.
E.ON and Solarwatt to partner on electricity storage system
German utility giant will develop own storage system with Dresden-based Solarwatt GmbH based on MyReserve technology; first models to be rolled out in Germany over coming months.
2015: 57 GW of solar PV installed, clean energy investment hits highest ever levels
BNEF calculates that 57 GW of solar PV was installed last year, marking an increase of around 30% on 2014. Latest figures also show that, despite factors which could have impeded growth, clean energy financing reached US$329.3 billion in 2015. Chinese and U.S. markets led the charge, alongside a host of new markets; European activity, however, decreased.
SunEdison divests from polysilicon and wafer assets
The worlds largest renewable energy developer is shutting legacy polysilicon production and selling off a wafer facility. SunEdison says this is part of its move to an asset-light strategy, but it may also reflect polysilicon market conditions and a need to preserve cash.
BNEF names Trina Solar the worlds most bankable PV maker
The worlds largest PV module maker took the top spot out of 50 different module brands, with all respondents naming Trina as bankable.
Judge limits asset transfers by SunEdison, TerraForm Power
Shareholders of Latin American Power have successfully blocked SunEdison from transferring assets under unusual conditions until a February 25 hearing.
PV Crystalox closes Japanese wafer business, continues strategic review
The UK-based wafer maker will keep its German wafering operations going while it continues to mull future plans.
SunEdison sued by Latin American Power shareholders
The shareholders are asking for a court order to protect assets, claiming that SunEdison is near bankruptcy and is trying to hide assets.?
SolarCity reports strong Q4 results, resumes focus on growth
The largest U.S. residential solar company installed a record 272 MW during Q4, with a record low cost of US$2.71 per watt. With ITC extension, SolarCity has changed its strategy and will continue to pursue a larger market share.
