Enel to take full control of 3Sun factory
The move follows Sharp’s withdrawal last week from a purchase agreemenet with the joint venture as well as its exit from Enel Green Power & Sharp Solar Energy (ESSE).
REC Solar achieves $16.2 million second-quarter profit
While Europe remains the company’s No. 1 market, it sees great potential in the U.S., where it recently signed a major supply deal with leading solar provider SolarCity.
SunEdison acquires 156 MW-DC solar project in Colorado for yieldco
SunEdison has acquired the 156 MW-DC Comanche Solar project from Community Energy, which TerraForm Power will have the option to purchase upon completion. This announcement follows on TerraForm closing on its US$533 million IPO.
UK cap on renewable subsidies harms solar, says industry
The £200m subsidy ceiling announced today amounts to a large reduction in support for large-scale solar, says the U.K.’s solar industry.
Major push toward third party ownership Down Under
Australia’s Clean Energy Finance Corporation (CEFC) announced an investment of AUD$120 million (US$113 million) to kick start three solar leasing and PPA programs in the country. While not the recipient of any of the CEFC funding, Sungevity Australia has welcomed the move saying it will increase awareness of third party ownership.
Shunfeng lands $323 million credit line
Boosted by the acquistion of Suntech, the Chinese group is looking to expand operations in the U.S. and Asia and has slated $74 million for investment in 100 MW of projects in Japan.
Wacker earnings forecast for 2014 revised upwards
The polysilicon manufacturer says that special income from retained advanced payments and damages will swell the company’s EBITDA figures for 2014.
European Commission approves German renewable energy law
The new Renewable Energy Act requires renewable electricity producers to sell on the market. The law also calls for a pilot tender program for ground-mounted solar installations.
New South Wales bucks trend to go big on solar
The state government in New South Wales is set to buck the trend around the country and adopt a bullish stance on renewables. The populous state’s environment minister told attendees at the Clean Energy Week in Sydney today that the government intends to make the state “the number one in energy and environmental policy.”
UK renewables sector cheers carbon budget decision
Legally binding target to cut carbon emissions by 80% will be upheld during the period 2023 to 2027, says U.K. Energy Secretary Ed Davey.
