Spanish supreme court paves way for lawsuits against solar FIT cuts
pv magazine has learned that Spain’s supreme court, the Tribunal Supremo, has invited the country’s Photovoltaic Union (UNEF) to discuss its lawsuit against the recent measures that reduce solar subsidies. A trial date may be announced in due course.
LDK Solar subsidiaries file for bankruptcy protection in US court
The beleaguered Chinese PV giant’s U.S. subsidiaries, LDK Solar Systems, LDK Solar USA and LDK Solar Tech USA, have filed for bankruptcy protection in Delaware.
Altus Power raises $200 million for solar project investment
Altus Power America partnered with four Franklin Square sponsored funds and GSO Capital Partners on its latest solar investment venture. The company is looking to fund commercial and industrial distributed generation projects.
Kyocera teams up with Healthy Planet Partners fund
The companies are providing developer and EPC partners with an end-to-end solution, from assistance with origination, technical and financial feasibility analysis to construction and long-term financing.
India raises JNNSM target by 75%
Narendra Modi wants 15.75 GW, rather than 9 GW under the second phase of the national solar mission. Developers are meeting in New Delhi today to discuss the proposals.
Austin utility tries to water down solar commitment
Texan power company wants a 65% renewables target, imposed on it by city council, reduced to 50%. Austin Energy calling for new gas-fired power plant rather than 600 MW of new solar.
Creditors vote through LDK restructure
Note holders of the debt-saddled wafer manufacturer waved through restructuring proposals this morning. The plans will now go before courts in Hong Kong and the Cayman Islands.
SunEdison in talks over $2bn Chinese poly factory
US poly and wafer maker could treble its poly production capacity with Chinese fab. Company president says it is considering a similar investment in Saudi Arabia.
German renewable energy levy to fall for first time
For the first time since its introduction, the German renewable energy levy will not increase year over year but instead decline, albeit by only 0.07 eurocents to 6.17 eurocents per kilowatt hour.
Clean energy investment set to grow following robust third quarter
The solar sector accounted for 25% of total clean energy venture capital and private equity investment in the third quarter. Notable solar deals included the $110 million secured by Sunnova and GlassPoint Solar, which received $53 million from Oman’s State General Reserve Fund, Royal Dutch Shell and existing investors.
