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UK: First round of solar job losses announced as FIT cuts bite

Solar panel insulation company Mark Group calls in administrators as 939 staff made redundant following decision by SunEdison to offload the subsidiary as it exits U.K. market; company directly blames FIT cuts.

The pv magazine weekly news digest

The race for solar panel efficiency heats up, SunEdison goes for a more streamlined model, Europe wants to nip the MIP in the bud, and Germany lends a helping hand to India.

Global solar investment shows flat growth in Q3 2015

Bloomberg New Energy Finance reports a 1% year-over-year fall in global solar investment to $43.9 billion, but notes distortion by currency effects.

Vector Cuatro acquires 83 MW in UK

The newly acquired assets in Britain add to Vector Cuatro’s growing portfolio of solar PV plants under management in three continents and already exceeding a total of 980 MW.

Solar Frontier tapped to supply 14 MW projects in Indiana

The leading CIS solar energy solutions provider — a subsidiary of Japanese oil and gas giant Showa Shell Sekiyu — continues to expand its U.S. footprint with two new plants in the Midwest. Built by Vaughn Industries, the installations will utilize Solar Frontier’s advanced CIS modules.

Abraaj Group, Aditya Birla partner on solar in India

The global equity investor and the Indian multinational are looking to develop a gigawatt-scale solar energy platform in the country.

ReneSola sells 16.5 MW UK PV plant to Foresight Solar Fund

The Chinese solar developer offloads asset, located in Membury, England, to Jersey-based investment company Foresight Solar Fund Limited; transaction is third deal between the two companies.

SkyPower agrees $1bn deal to build 500 MW of solar in Panama

Canadian solar developer announces another large-scale solar agreement, this time with Panama President Juan Carlos Varela, to develop 500 MW of solar power over the next five years.

Chorus IPO brings in $112.5 million

The solar and wind operator will invest proceeds, which could reach $134 million if an over-allotment option is exercised, in further growth.

Australia drops anti-dumping case against Chinese solar firms

Australian Anti-Dumping Commission recommended the investigation be terminated in April having found only negligible injury or hindrance caused to the Australian PV industry.

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