Nevada: SolarCity announces 550 job losses, closes training center
Just over a week after Nevadas Public Utilities Commission took the decision to scrap retail-rate net metering, SolarCity has announced 550 jobs will go in the U.S. state. The rooftop solar PV installer has also closed its training center in West Las Vegas.
GCL looking to raise $748 million
The GCL Group has said it is looking to raise around HK$5.8 billion (approx. US$748.2 million) by way of two rights issues. The funds will go towards reducing company indebtedness and stimulating business development, particularly in the solar farm segment.
RES announces £1 million UK energy storage project
Renewable Energy Systems (RES) has announced it will be working on a 640 kWh energy storage system in Somerset, the U.K. The Renewable Energy Association (REA) has applauded the news, stating the country is set to see considerable storage growth in 2016. Government policies are currently a barrier, however.
SunEdison to raise $725 million, pay off more debt
SunEdison Inc. has announced a further action to raise capital and remove debt. Under a Second Lien Facility, the renewable energy giant will raise US$725 million, while a series of exchange agreements with certain note holders will see a reduction of $738 million in debt.
India: SECI, DMRC sign MOU for 500 MW of solar
The Delhi Metro Rail Corporation (DMRC) and the Solar Energy Corporation of India (SECI) have signed an MOU to deploy 500 MW of solar PV projects over a three year period.
Switch data center to be powered by 180 MW solar array
U.S. technology solutions company to fulfill its White House American Business Act pledge by developing 180 MW of solar projects in Nevada with assistance of First Solar and NV Energy.
Western Australia's rooftop solar now state's 'biggest power station'
Immense popularity of residential solar in Western Australia essentially forms the states largest power generating unit, according to research by Curtin University.
Qatari utilities announce solar joint venture
Qatar Petroleum and Qatar Electricity and Water Company sign MoU to develop solar power generation capacity in the tiny oil-rich Middle East kingdom.
Google expands Project Sunroof to 20 metro areas
The analytical tool that assesses rooftop suitability for solar arrays is now available across 20 metropolitan areas of the U.S. following a successful launch in handful of regions.
Third German solar tender delivers unit price of EUR 0.08/kWh
Value of solar struck in third German tender is nearly half a euro cent below unit price determined in the second tender round; bidders given 24 months to realize their solar parks.
