Manz announces 174 job losses, capacity adjustments
Manz AG has announced that 174 employees will go, primarily in Germany and Asia, although its other European sites have also been affected. Capacities will be adjusted accordingly. It hopes to save around EUR 7 million. The strategic options for its Solar segment are still under review. A further announcement is scheduled for the beginning of the New Year.
Spain: Solarpack closes EUR 94 million debt restructuring for 5 PV parks
Solarpack has closed debt restructuring totaling EUR 94 million for five solar PV parks in Spain totaling 27.2 MW.
GCL secures modules for 100 MW solar project, announces lease agreements worth $96.5 million
GCL New Energy Holdings Limited (GNE) has signed a solar PV module supply agreement with CNI Energy for a 100 MW project in China. In other news, GCL subsidiaries have signed two separate lease agreements worth around US$96.5 million.
Germany: New investor for insolvent inverter company, Platinum
The acquisition has saved all 42 jobs at Platinums German headquarters, according to the insolvency liquidator. The inverter manufacturer will solely focus on R&D going forward.
SunEdison and Vivint modify terms of merger
The new deal saves cash for SunEdison, and also allows Vivint to look for other offers and lifts a January deadline to close the deal.
COP21: Africa calls for $55 billion annual energy investment, 1.5°C limit to global temperature rise
Africa has been well and truly in the spotlight at this round of climate talks. Identifying over 11,000 GW of renewables potential, it has called for an annual energy investment of US$55 billion, annual climate financing of $11 billion, and a pledge to stop global temperatures rising above 1.5°C. The U.K. and U.S., meanwhile, have signed an MOU to improve African access to clean energy, and Canada has committed CA$150 million to the African Renewable Energy Initiative, more details of which have been acquired by pv magazine.
Canadian Solar secures $126 million financing for solar projects worth 86 MW
Canadian Solar Inc. has secured US$126 million in financing from the Royal Bank of Scotland and Deutsche Bank for 86 MW worth of solar PV projects in Japan and the U.K.
GCL completes disposal of non-solar business
GCL-Poly Energy Holdings Limited has today completed the sale of its non-solar arm, leaving it to focus solely on its core solar business.
Motech returns to the black during Q3 2015
Taiwan’s largest solar cell maker has reported its first positive operating margin since the second quarter of 2014, as well as its highest revenues in four years.
CrossBoundary closes on $8 million fund for C&I solar in Africa
This is the first dedicated fund for commercial and industrial solar in Africa. The company plans to finance the deployment of over $25 million in African PV over the next 18 months.
