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Financial & Legal Affairs

Q3 was the largest quarter ever for the U.S. solar market

The nation installed over 4 GW-DC of solar PV during Q3 2016, and even more is expected in the fourth quarter of the year. However as utility-scale solar booms the residential segment is struggling.

Trump chooses climate denying pro-fossil fuel politician to lead the U.S. EPA

Oklahoma Attorney General Scott Pruitt has a history of suing the U.S. Environmental Protection Agency on behalf of fossil fuel interests. He will now run the agency.

Google to source 100% of its power from renewables in 2017

The tech giant says that next year all of its offices as well as its data centers will be powered by renewables. The company has signed 20 PPAs to date for a total of 2.6 GW.

BREAKING: SunPower to close Philippines factory, lay off a total of 2,500

The company has announced a major restructuring as it attempts to right-size and address the hole in its balance sheet.

Scatec to build 150 MW-DC of solar PV in Brazil

The Norwegian developer and contractor has signed a deal with Kroma Energia for the four plants, which acquired contracts for the plants in last November’s auction.

TerraForm Power gives January deadline for bids, warns shareholders about its ability to continue

The yieldco says that bidders must provide firm pricing by a defined date in January, as it allows the offer of an expedited takeover by Brookfield and Appaloosa to lapse.

Spanish Solar Forum 3: The solar sector debates auctions and other opportunities

The third Spanish Solar Forum organized by UNEF in Madrid brought together the Spanish solar industry, with an opening address by EU Energy Commissioner Miguel Arias Cañete.

Good signs: The pv magazine weekly news digest

This week was filled with positive news for the global PV industry, including the signing of the world’s lowest-price PPA in Dubai

Sale of Verengo assets to Crius clears another hurdle

Since the company received only one bid for its more than 20,000 installed systems, the sale of them to Crius Energy is set to move forward

TerraForm Power, Global forecast continued losses in 2016

While the two yieldcos are making progress in their separation from SunEdison, they continue to be plagued by losses and report that CAFD will be substantially reduced from previous estimates.

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