Hareon Solar Technology investing in its PV business operations
The Chinese firm, which survived a damaging lawsuit earlier in the year, is now ready to invest one again in its PV operations, with the announcement of 51 million yuan to be used to set up two new sub-units.
Solar Mosaic raises $220 million in new funding
The leading California solar loan provider secured financing from private equity firm Warburg Pincus, Core Innovation Capital and Obvious Ventures. The company’s average loan amount is $30,000, with interest rates ranging between 2.49% and 8.48%.
Germany's fifth solar auction allocates 130 MW to 25 projects
The fifth solar auction for 125 MW was again well oversubscribed, with 62 bids for a total of 311 MW tendered. The average bid amount declined since the previous tender in April, signaling increasing competition in the sector.
Phoenix Solar posts 34% revenue increase, narrows net loss
The German solar company expects a return to profitability this year following a strong performance in the first half of 2016.
Vector Cuatro opens new office in Chile
The Spanish solar PV technical advisory group is expanding operations in Latin America, citing strong growth in the region. The company, part of Italy’s Falck Renewables Group, has 10 offices worldwide.
Capital Stage to take over Chorus Clean Energy
Chorus is advising its shareholders to accept the takeover offer from Capital Stage, which Capital Stage, which currently operates 600 MW of solar and wind assets in Europe.
Brazil: Rio Grande do Sul provides credit lines for renewables
Renewable energy projects will be able to access the credit lines of BRDE and Badesul, as part of a series of measures implemented by the regional government to promote renewables.
H2 2016 solar slowdown will preface 10% global contraction in 2017, says GTM
Analysts expect installations in China, U.K. and Japan to slow over the second half of the year, but U.S. project spillover and India’s large pipeline will hold course despite global slowdown forecast for 2017.
A lot of skepticism: Mercom's Raj Prabhu on the pending Tesla/SolarCity merger
On Sunday, the boards of Tesla Motors and SolarCity agreed to the terms of Teslas acquisition of the solar company. And while this deal still is still awaiting votes by shareholders of both companies to go forward, there are indications that this may come soon. pv magazine USA spoke with Mercom Capital CEO Raj Prabhu about the evolution of this deal, and what to expect.
Longi Silicon and Zhonghuan Semiconductor announce new expansions with over 10GW of new capacity planned
The two Chinese companies are making movements on significant capacity increases for their mono-crystalline products.
