Global solar investment shows flat growth in Q3 2015
Bloomberg New Energy Finance reports a 1% year-over-year fall in global solar investment to $43.9 billion, but notes distortion by currency effects.
Chorus IPO brings in $112.5 million
The solar and wind operator will invest proceeds, which could reach $134 million if an over-allotment option is exercised, in further growth.
SunEdison to halt transfer of assets to yieldcos
Citing market dislocation, SunEdison has announced short-term changes to its operating plan. This includes a plan to hold more projects in warehouses instead of moving them into the company’s two yieldcos.
Solar funding rises in Q3 despite dismal stock prices
Mercom Capital’s latest quarterly report shows the volume of VC funding and debt financing rising during Q3, while public market financing fell.
Update: SunEdison to cut 15% of global workforce
Following rumors, SunEdison Inc. has confirmed it will be cutting a significant portion of its global workforce. Around 15% of its 7,300 workers will go. Charges of up to US$40 million will be incurred in Q3 2015 and Q1 2016.
LCOE for renewables decreases, fossil fuels see increase
The generating cost comparison between renewable energies and fossil fuels is narrowing, with 2015 recording a “significant shift,” says BNEF. Overall, levelised costs of electricity (LCOEs) for renewable energies are decreasing, while those for fossil fuels are increasing.
Germany calls for 200 MW in last PV tender of 2015
In the third, and final, solar PV auction of the year, the Federal Network Agency is looking to invite 200 MW worth of tenders for ground-mounted installations. The deadline for tender submissions is December 1. Again, the price for generated energy will be determined by a uniform pricing method.
European Parliament calls for end to solar MIP, duties
Members of the European Parliament (MEPs) have called for an end to the minimum import price (MIP), and anti-dumping and anti-subsidy duties on solar PV products coming into the EU from China, claiming the measures are slowing down the European solar sector. Unsurprisingly, EU ProSun does not agree.
SunEdison to streamline business operations, rumors of job cuts
Global renewable energy giant SunEdison has said it will streamline its business operations. A presentation has been scheduled for Wednesday, where the CEO is expected to discuss the new plans. Media reports have indicated the company is set to cut up to 10% of its workforce.
CHORUS Clean Energy prices IPO to raise 103-119 million
The wind and solar plant operator has priced shares for its initial public offering at 9.75 per share, the low end of previous estimates.
