TerraForm Global acquires 26.4 MW solar farm in Uruguay
Estranged yieldco of SunEdison finalizes $35.4 million deal for power plant built by Spain’s Solarpack Corp. Tecnologica SL as it seeks to stand apart from its beleaguered parent company.
Indian energy minister threatens to file 16 solar cases against US with WTO
Warning shot fired by Piyush Goyal is latest in tit for tat dispute between India and the U.S. over the former’s domestic content requirements for solar. Comments draw ire from industry.
Turkey’s solar market heats up
A new manufacturing facility and increased activitiy from domestic as well as foreign players is boosting Turkey’s solar sector despite some regulatory obstacles.
The pv magazine weekly news digest
Tesla continued to shake up the auto industry this week with a new, more affordable model. In addition, a new forecast by BNEF sees solar capacity reaching stratospheric levels in the next 15 years while troubled SunEdison is eager to find a buyer for its solar assets in India, which it hopes to offload for $1 billion.
SolarCity closes on $188 million worth of tax equity financing
This is the second large fund that SolarCity has closed on in the past two days.
Ontario plans for 250 MW-AC of solar in 2nd phase of large renewables procurement
The province has doubled renewable energy targets in the 2nd phase of the LRP, citing lower than expected costs.
Global renewable energy capacity grew at record speed in 2015
Renewable power generation capacity grew by 152 GW in 2015, which, at 8.3%, is the highest increase ever recorded, predominately driven by huge capacity increases in Asia. Global solar capacity enjoyed unprecedented growth of 26% due to huge price drops in the technology.
Massachusetts House, Senate approve bill to lift net metering caps
The compromise bill has sped through both Houses, and now will go to Governor Charlie Baker’s desk. Under new regulations larger private solar installations will see compensation cut.
Hard times in corporate funding for solar during Q1
Mercom Capitals Q1 solar funding and M&A report shows a crash in public market and debt markets, but ongoing growth in solar project funds and securitizations.
Yingli debt repayment extension proposal fails to reach agreement
Lead underwriter of $220 million loan due on May 12 takes into consideration Yingli’s request for two-to-three year repayment extension but fails to confirm agreement.
