SolarCity completes its sixth securitization
This is the companys fifth securitization of distributed solar assets, resulting in proceeds of $50 million.
Hanergy issues profit warning
Hanergy Thin Film has issued a warning in which it forecasts a “substantially decrease[d] revenues for 2015. The company has attributed the sharp decline to damage to its reputation as a result of the ongoing suspension of trading in its shares.
Solar boosts NRG Yields bottom line in 2015 results
Despite an ongoing slump in yieldco stock prices, NRG Yield delivered strong Q4 and full year 2015 results as it prepares to acquire more large-scale and distributed solar.
Appaloosa accepts expedited trial against SunEdison
Hedge fund manager David Tepper has accepted the courts offer for an expedited trial, which could undermine a loan which will SunEdison plans to use to acquire Vivint Solar.
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.
