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Tools downed but UK solar summer sees flurry of finance activity
The rush to build may have subsided, but three large financing deals show that interest in the U.K.’s ground-mounted solar sector remains high.
8point3 Energy Partners once again beats guidance in Q2 filing
The yieldco of First Solar and SunPower saw second quarter performance beat CAFD guidance, generating revenue of $13.5 million and lowering net losses to just $0.2 million.
The pv magazine weekly news digest
A week shaped by the shadow of Brexit and the aftermath of a successful Intersolar Europe exhibition still managed to write headlines unconnected to the two.
Inside Ingeteam's acquisition of Bonfiglioli's solar business
Last week Spanish inverter specialist Ingeteam purchased the solar division of Italian central inverter developer Bonfiglioi in a move that demonstrated the opportunities that still exist in Europes solar market.
World Bank pledges $1bn for India's solar target
Following discussions between Indian Prime Minister Narendra Modi and World Bank chief Jim Yong Kim, record loan of $1 billion agreed to help fund Indias bold aim to install 100 GW of solar by 2020.
Siemens to invest EUR1 billion in new startup unit
Siemens has announced the forming of a new dedicated startup unit, next47, with a war chest of EUR1 billion to be spent on it that will, among various other important innovations, focus on decentralized electrification.
Sunrun increases rooftop solar credit facility to $245m
The U.S. residential solar company has secured an additional $40 million in working capital from investors to support the expansion of its rooftop solar projects, especially the New York market.
ABB to close Phoenix inverter fab, move jobs to Estonia and Italy
The Swiss power electronics firm will end manufacturing operations at the U.S. site, shifting an undisclosed number of jobs to Estonia and Italy later this year. Some sales and service staff will be retained in Phoenix.
SunEdison appoints new CFO as incumbent departs after just two months
The troubled and bankrupt renewable energy firm announces the appointment of Philip Gund as its new chief financial officer a week after CEO Ahmad Chatila resigned.
Masdar and EDF pin hopes on new record low tariff for 350 MW Abu Dhabi solar plant
Days after the Abu Dhabi-based clean energy developer won a tender to develop 800 MW of solar in Dubai, the company has teamed with France’s EDF to bid for a 350 MW plant in Abu Dhabi.
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