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.
Juwi AG clears way for MVV Energie hook-up
After securing new loan agreements with banks and financing partners, the German renewable energy project developer has fulfilled the necessary requirements for a partnership with MVV Energie, which will take a 50.1% stake in the company.
SunEdison closes additional $117 million solar fund
The fund will provide financing for a portfolio of distributed generation projects in 12 U.S. states and Puerto Rico. The second fund this year brings the company’s total fund-raised capital to $290 million with Barclays and Citi.
LDK directors resume control
Provisional liquidators’ powers expire as company expects to institute restructure next week. News follows signing of a 30.6 MW module supply deal in China.
Locus Energy nears 1 GW landmark
New Jersey solar monitoring company processing data from almost 1 GW of installations. Demand for SolarNOC software has led the way.
