TerraForm Global warns of danger ahead in 2015 filing
The yieldco’s overdue filing of its 2015 financial report is a step towards compliance with NASDAQ trading rules; however TerraForm Global’s losses exceeded its revenue in 2015 and the company has warned that it may not be able to continue.
100 MW Chinese solar project receives first loan issued by BRICS bank
The New Development Bank, a multilateral development bank established by the BRICS nations, has sanctioned its first loan agreement – $75.6 million financing for a 100 MW Chinese solar farm.
EU Commission recommends two-year extension of solar tariffs against China, MIP to be lowered
The proposed extension of trade measures on solar panels and cells imported into the EU from China would represent a severe blow to the sector, says SolarPower Europe. EU ProSun, however, welcomes the recommendation. Minimum Import Price to be reduced in 2017.
Arizona’s changes to net metering could curtail the state’s solar market
While the Arizona Corporation Commission decided to grandfather current solar customers for 20 years from the interconnection days, new customers will only receive 10 years — which will hurt both solar lessees, loan-holders and potential cash deals.
China: NEA adjusts PV goal to at least 105GW by 2020
China’s NEA has officially dropped the target to at least 105 GW by 2020, as well as setting goals for the PV industry and indicating that it will emphasize projects in Eastern China and the region around Beijing.
Third quarter solar installations fall 10% year-on-year across Europe, data shows
Update from SolarPower Europe reveals that the continent installed 1.56 GW in the months from June to September, a 10% decline on Q3 2015. First nine months of the year saw 5.3 GW installed, a decline of 18%.
Meyer Burger follow-on offering 99.9% subscribed
The company has raised EUR 153 million through the offering, which should allow it to repay a bond due 2017.
Panasonic to supply PV modules to Tesla from Japan, Malaysia
The collaboration between the two companies is moving beyond Panasonic running the Tesla/SolarCity gigafactory, and will enable Panasonic to re-open a factory in Japan.
TerraForm Power expects to break even in 2017
In a conference call the yieldco says that sale of 376 MW of solar projects in the UK is at an advanced stage, and gave additional information on financial metrics.
Trina Solar shareholders approve deal to go private
Chinese tier 1 solar manufacturer Trina Solar looks all set to become a private company, after its shareholders approved a merger with Fortune Solar and Red Vibumum, which will see it become Fortune’s subsidiary and, thus, a private company.
