SunEdison forms $1 billion investment vehicle with Goldman Sachs
SunEdison has formed a US$1 billion warehouse investment vehicle with investment funds managed by Goldman Sachs. There is the possibility to expand this to $2 billion. If exercised, this would bring the renewable energy giants total warehouse platforms to $4 billion.
SunPower's Mexicali fab earns Landfill-Free verification
Recognition awarded for the U.S. solar company’s PV module production facility in Mexico, which demonstrates that 99% of waste generated is diverted from landfills.
More than 2 GW-AC of solar PV under construction in Chile
Chile’s Center for Renewable Energy has put out its latest report, which documents the dramatic growth of solar PV in the nation. Chile is easily the leading Latin American solar market at present, but is set for a slow-down in coming years.
India unveils annual solar goals towards 2022 target
India’s National Solar Mission has outlined the annual targets required between now and 2022 if the nation is to hit its goal of installing 100 GW of solar PV capacity by that date.
Hanergy expects first half loss
The suspended thin film solar company warns markets that it may post a record first half loss for the six months to June 30 following a 47% share plunge in May that wiped $19bn from its value.
Egypt launches 200 MW solar PV tender
Announcement forms part of a 500 MW renewable energy push by the Egyptian Electricity Transmission Company (EETC), with 250 MW of wind and 50 MW of CSP also confirmed.
Euro-dollar woes hit Etrion
Weakness of the euro has hit Swiss developer’s bottom line. Etrion is looking to Japan, rather than Chile to turn around net losses.
SolarWorld bets big on U.S.
CEO Frank Asbeck’s restructuring seems to have succeeded but his company is heavily dependent on the U.S. market. $676m lawsuit could still bite resurgent German PERC manufacturer.
The pv magazine weekly news digest
Aachen and Kostanz once again take a pivotal role in world history, the Chinese make David Cameron’s job that bit easier and Hawaii and Scotland feature in the same story – you’ll only find that in pv magazine.
SMA cost cuts take effect in solid H1 financial results
First half sales increase year-on-year by 26% to reach EUR 429.3 million as operating losses narrow over the second quarter, company transformation progressing as planned.
