Shareholder vote puts Brookfield closer to TerraForm Global acquisition
Settlement of securities lawsuits is the final step before the Canadian asset manager can consummate the acquisition of the second of SunEdison’s former yieldcos.
GCL unit pays first tranche of $30 million investment in Millennial Lithium
A unit of China’s GCL group has moved forward with a $30 million strategic investment in Millennial Lithium by finalizing the first of two payments for a 17% stake in the Canadian exploratory mining firm.
China unveils electricity trading pilot scheme
China’s National Development and Reform Commission (NDRC) and National Energy Administration (NEA) have revealed plans to start operating a wholesale market for distributed-generation (DG) electricity on a pilot basis from early February.
CNREC advises reform and increased RE targets in China
A newly published report from the China National Renewable Center (CNREC) advises China’s National Energy Administration to increase its targets for total renewable energy capacity (excluding big hydro) to 500 GW by 2020.
Shipments and revenues up in strong Q3 for Canadian Solar
Leading module manufacturer Canadian Solar posted revenue of $912 million for the third quarter of 2017, significantly above the figure of $692 million for the previous quarter. The company also saw quarterly shipments rise to 1.87 GW.
Tongwei to invest $1.8bn to build two 10 GW solar cell factories in China
Massive 12 billion yuan ($1.8 billion) investment part of Chinese solar firm’s goal to boost its production capacity to 30 GW and become world’s largest solar manufacturer.
JinkoSolar sets new mono-PERC cell efficiency record
JinkoSolar has achieved yet another efficiency world record, hitting 23.45% with its p-type monocrystalline PERC cell technology. The record has been confirmed by the Chinese Academy of Sciences.
Yingli to supply 38 MW in China
Yingli Solar has agreed to supply PV modules for 38.4 MW of solar capacity that is being built under China’s PV poverty alleviation program.
ACC inks rooftop PV deal with P&G in China
Asia Clean Capital (ACC) has agreed to install rooftop solar systems at facilities owned by Procter & Gamble (Guangzhou) Consumer Products.
REC Silicon sees 38% sales increase in Q3
Leading polysilicon producer REC Silicon posted revenue of $75.5 million in the third quarter – 23% above the previous quarter. REC saw a 38.2% increase in sales volume, despite polysilicon production for the quarter coming in slightly below guidance.
