Finance

Xinjiang manufacturer warned over missing filing. Company has until March 9 to persuade New York exchange it will submit form.

Big predictions, the U.S. public embraces solar, which is likely to come more and more from China, the Indian government punishes lack of punctuality and there’s some positive news from Egypt.

SunEdison has unloaded 21 distributed generation solar plants to its yieldco subsidiary for $47 million. TerraForm expects $5 million in annual “cash available for distribution” from the assets.

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.

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

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.

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.

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.

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.

$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.