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Finance

Germany: Innotech Solar buys Energiebau

Saved from insolvency, the German solar wholesaler will now offer Innotech product while continuing to sell other PV modules. The company says it is nevertheless reducing its product portfolio in order to adapt to current market conditions.

Canadian Solar sells utility solar plants to RET Capital

The Ontario-based solar company oversaw turnkey engineering, procurement and construction and will also provide operations and maintenance services for the projects.

India blacklists two domestic solar companies

Veddis Solars, one of the companies on the blacklist, is challenging the decision in court. The Ministry of New and Renewable Energy says the move is related to delays in carrying out tendered projects.

New Sonnedix and JP Morgan venture to invest €300m in solar PV

J.P. Morgan Asset Management and Sonnedix have set up Sonnedix Power Holdings, a new joint venture platform company, with a 600 MW portfolio expanding in four continents. The venture has been launched as the current oil price slump increases the attractiveness of investments in renewable energy projects.

UK auctions capacity, sparks controversy

A capacity market auction last week led to the procurement of 49.26 GW of new capacity, mainly from fossil and nuclear fuels, at a clearing price which will cost U.K. households nearly £1 billion. The government said the capacity market is necessary to ensure the lights stay on, specifically as power from renewables increases, but the policy has sparked controversy.

AE looks at departure from inverter business

Despite the 2013 acquisition of Refusol, Advanced Energy has been struggling for several quarters with falling revenues and losses. The company is now considering getting out of the inverter business entirely.

SDG&E transmission line passes 1 GW renewables mark

$1.9bn Sunrise Powerlink is carrying 1 GW of solar and wind power to San Diego. 150 MW from Solar Gen 2 project took utility past the landmark.

GCL calls off Chinese wafer business sale

Polysilicon giant calls off sale in wake of ITC ruling that will see Chinese companies repatriate operations from Taiwan. Sale would have eased debt burden on GCL.

The pv magazine weekly news digest

The U.S. Department of Commerce decision came as no surprise, there was good news in battery storage and equipment manufacture and SunEdison Chile wins the pv mag prize for best-named CEO.

SPI Solar secures $140 million private placement

As part of the deal, the solar developer will sell $70 million of common stock and convertible promissory notes to investors, who will also receive options to buy a further $70 million in company shares.

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