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Germany's Abakus Solar applies for preliminary insolvency
German PV company Abakus Solar AG on Thursday applied for the initiation of preliminary insolvency proceedings in a local court in the city of Essen.
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.
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.
SolarPower Europe leads cross-sector clarion call for more flexible power markets in EU
Industry associations including wind, solar, gas and storage sign declaration calling on EU to drive electricity market reforms this year that will deliver more flexible power markets and systems compatible with renewable energy and storage.
Trina Solar signs 40 MW module supply deal with Turkish EPC
The Chinese solar company strikes agreement with Tegnatia for delivery of its 60-cell and 72-cell polycrystalline modules ahead of the Solarex Exhibition to be held this week in Istanbul.
India: NTPC greenlights 510 MW solar power investment
Board of the state-owned utility clears investment funding for two solar power projects, including 260 MW project in Rajasthan and 250 MW project in Madhya Pradesh. Investment total to reach $467 million.
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.
8point3 Energy Partners beats guidance & stays on course during Q1
The joint First Solar/SunPower yieldco delivered greater CAFD than its guidance, and remains on course to grow dividends 12-15% through the end of 2017.
UK: supporting renewables over controversial Hinkley nuclear plant could save billions, finds report
Study by thinktank the Intergenerational Foundation projects savings of GBP 40 billion over the next 35 years if money earmarked for Hinkley Point nuclear station was instead steered towards solar power.
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