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SunEdison malaise result of Vivint wrongdoing and "overly optimistic" culture, finds audit
Findings of investigation by audit committee and independent directors attribute blame for failed Vivint Solar acquisition on ex-employee; critical of SunEdison’s optimistic financial reporting and uncontrolled cash forecasting process.
California's advanced energy job sector grew six times faster than statewide employment rate
Data from the Advanced Energy Economy reveals more than half a million people in California work in the advanced energy industry; growth ratio of 18% last year six times faster than average.
Domestic bliss for Indian companies in latest 500 MW solar auction
Karnataka tender sets tariff of US 7.2 cents/kWh with domestic companies winning out. Just one non-Indian solar bidder won in an auction dominated by India’s power giants Adani, Tata, Acme Group and ReNew Power Ventures.
Investment in solar in India continues as two firms eye large PV projects
Finnish energy solutions provider Fortum announced plans to invest EUR 200-400 million in solar projects in India, while reports emerged that IDFC Alternatives is in talks to invest $90 million in ACME Solar projects in India.
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.
Sungevity and REC Solar team up to share leads
Partnership between the two solar firms intended to reduce soft costs and eliminate upfront capital often required for U.S. businesses keen to adopt solar power.
Fourth German solar tender draws 128 MW at average price of EUR 7.41 cents/kWh
Germany’s Federal Network Agency publishes results of the fourth solar PV project tender, which will deliver 128 MW solar capacity at a volume-weighted value of EUR 7.41 cents per kilowatt hour.
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.
SMA acquires stake in US firm Tigo Energy
The leading German inverter manufacturer has purchased a 27% share in the California-based company with the aim of tapping into the smart module technology market.
SolarCity closes $150 million financing facility for commercial solar and battery storage
In addition to its new financing vehicle, which is aimed at solar projects for businesses, schools and government agencies, SolarCity has appointed former FERC Chairman Jon Wellinghoff as its new chief policy officer.
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