Financial & Legal Affairs

It is not clear at this time if Tesla plans to apply Grohmann Engineering’s automation expertise to either the SolarCity PV module factory or the Tesla/Panasonic battery factory.

TerraForm Power has sent a draft settlement agreement to SunEdison creditors under which claims would be settled, noting that it prefers a collaborative process.

The residential solar installer is still struggling following SunEdison’s failed acquisition, but reported record low prices and improved results.

The two companies have agreed to jointly fund and develop renewable-energy projects together in China.

The South Asian country’s cumulative installed renewables capacity has reached 1.135 GW, according to local media outlets.

All federal government buildings will source their electricity from renewable energy sources within the next eight years.

The Japanese company posted net income of JPY 36,153 million ($350 million) in the first half of fiscal 2017, partly due to the weakness of its solar business.

The thin-film solar maker and developer continues to report significant increases in its module efficiency, as it moves towards more module-only sales.

The Chinese PV module and cell manufacturer has recorded a net profit of 45.29 million yuan ($6.68 million) in the first nine months of 2016, down 9.45% from the preceding year.

The acquisition narrows the number of companies that are developing FBR, and further consolidates the transfer of this technology to Chinese companies.