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.
Africa's largest microgrid
Annobon Province project, at 5 MW, will be Africa’s largest. Project is being developed by three US companies on an island off Equatorial Guinea.
New Mexican utility proposes rooftop solar tax
PNM wants owners of new systems to pay $18-30 per month from 2016 onwards. Electric utility says solar projects have cost it $79m but rooftop systems have reduced its costs.
Deadline for complainants in Vivint Solar class action
NY law firm says unhappy shareholders can join its class action until January 20. After floating at $18.71 per share on October 1, solar leasing company’s stock is now trading below $8.
pv magazine weekly news digest
Especially for you: Hanwha trumps Chinese big beasts with mooted merger in bid for Christmas number one, its rooftops against communities in the bid for America’s solar soul and Steven Seagal rides to the rescue, kind of.
Hanwha SolarOne to merge with Hanwha Q CELLS
Hanwha SolarOne will pay $1.2bn to acquire Germany’s Hanwha Q CELLS stock as ongoing disputes between China and the U.S. and EU force a strategic rethink.
