Daimler sells Tesla stake
The German carmaker bought a 9.1% stake in Tesla in 2009 for some $50 million and has now sold its remaining 4% in the company for $780 million. The two companies will continue to work together in the field of electric mobility.
REC Solar closes 300 MW supply agreements as third quarter revenue drops
The company’s recent product launch of its Peak Energy 72 cell and Peak Energy Z-Link series has resulted in deals with major U.S. solar developers, including Recurrent Energy, SolarCity and SunRun. Third-quarter business dropped due to the seasonal slowdown in Europe, however.
SolarWorld to wins $4 million US grant for next-generation crystallization tech
The group is working on the $12 million R&D project at both its U.S. and German facilities “to propel the company’s full-production module power density beyond a once-unimaginable milestone of 300 watts-peak.”
Mexico's Solartec opens up shop in Texas
After buying the assets of French group Tournaire Solaire Energie, the Mexican company is investing some $31 million in a new manufacturing plant north of the border. The company expects its Houston fab to generate sales of $285 million in the next five years.
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.
