Mosaic closes deal for a USD 250 million financing facility from Deutsche Bank
The California-based solar loan provider for homeowners has added another substantial capital warehouse to its growing financial clout, this time a USD 250 million facility from Deutsche Bank, as it aims to have USD 1 billion available for solar loans by summer 2017.
Hanwha Q Cells records 65% YoY revenue increase for Q3
South Korean solar firm posts revenue of $707.8 million for third quarter, generating gross profits of $140.5 million. Shipment volumes remain undisclosed, however.
Module price slump weighs on Canadian Solar Q3 revenue
The Tier-1 Chinese solar company sees third quarter revenue contract 18.4% sequentially and 22.7% year-on-year due to tumbling module prices; shipments come in below guidance.
Leclanché and Narada Power enter strategic partnership
The two energy storage solution companies have signed an agreement to enter into a strategic alliance, which will see Leclanché share its battery storage technologies with Zhejiang Narada Power Source, which will allow the two companies to manufacture the storage solutions at scale in China.
Tesla officially acquires SolarCity
The largest residential solar developer is now officially part of Elon Musk’s electric vehicle and battery empire.
Brookfield, Appaloosa propose expedited buy-out of TerraForm Power, Global
The two companies say they are willing to sign a contract for TerraForm by December 6 to avoid an additional payment to bondholders under the consent solicitation.
First Solar to ramp Series 6 production in 2018, lay off 1,600 workers
The thin-film maker has announced a shift in strategy which will eliminate its Series 5, reduce 2017 output to 2.2 GW, and reduce its global workforce by 27%.
JA Solar posts steady shipment and revenue growth for Q3
The Chinese solar company increases its total shipments 10% YoY and 1% sequentially, and it was a similar story in terms of revenue, which hit $624.3 million for the quarter.
China: more than 5 GW of solar has no access to subsidy
Anhui and Henan provinces have both warned that PV plants either completed or under construction under the First Built First (FBF) principle may not be granted scale index, arousing further concern over the uncertainty of China’s PV benchmark FIT adjustment.
JinkoSolar grows Q3 revenue 39% YoY, ups 2016 guidance
The Tier-1 solar company once again posted world-leading module shipments of 1,606 MW, generating revenue of $855 million. However, both metrics were down on Q2 despite soaring against Q3 2015.
