Mercom: Global PV installations to reach 64.7 GW in 2016
Mercom Capital forecasts that the global PV market will grow only 13% in 2016, with the United States surpassing Japan to become the #2 installer of PV globally.
SunPower prices $400 million in bonds
SunPower plans to use proceeds for a variety of purposes, including funding potential acquisitions of complementary businesses.
IDB to fund 100 MW solar PV project in El Salvador
The bank will provide US$88 million in loans to build the project, which could be the first large utility-scale solar plant in El Salvador.
SunEdison and Vivint modify terms of merger
The new deal saves cash for SunEdison, and also allows Vivint to look for other offers and lifts a January deadline to close the deal.
Motech returns to the black during Q3 2015
Taiwan’s largest solar cell maker has reported its first positive operating margin since the second quarter of 2014, as well as its highest revenues in four years.
GTM Research: The U.S. to install more than 3 GW of solar PV during Q4
GTM Research and SEIA’s latest report finds that the U.S. solar market dipped slightly last quarter to 1.36 GW, but the organizations are predicting that massive levels of solar will come online during the next five quarters.
CrossBoundary closes on $8 million fund for C&I solar in Africa
This is the first dedicated fund for commercial and industrial solar in Africa. The company plans to finance the deployment of over $25 million in African PV over the next 18 months.
GameChange racking expands production to Detroit
The Racking and mounting maker is adding substantial capacity in the U.S. state of Michigan, which will come online in February 2016.
Mississippi to implement net metering, with limitations
Under the new policy, Mississippi PV system owners will be credited for excess generation at the wholesale rate plus 2.5 cents per kilowatt-hour, with an additional 2 cent bonus for the first 1000 customers.
US$2 billion in equipment contracts lapse at Hanergy
The troubled thin-film giant has cancelled two contracts signed in March for the delivery of BIPV production equipment.
