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MENA region could save $750bn if renewable targets met, says IRENA chief
IRENA director general Adnan Amin believes the Middle East and North African power sectors could enjoy a net benefit of $750 billion if countries in the region are able to hit their 2030 renewable energy targets.
India: SunEdison seeking buyer for 1 GW of solar projects, ministry eyes $500m AIIB loan
Troubled clean energy developer hopes to offload close to 1 GW of unfinished solar projects worth around $1.1 billion as it seeks to ease debt burden amid talk of impending bankruptcy.
Yingli reaches $7.5m lawsuit settlement deal with Solyndra
Anti-trust Litigation settled in lawsuit brought by the now-defunct Solyndra back in 2012; deal sees Solyndra agree to release Yingli and its affiliates from similar allegations or claims in the future.
Hanergy Thin Film losses for 2015 hit $1.6bn
Troubled Chinese solar company Hanergy sees losses for the last calendar year soar to $1.6 billion amid growing possibility that the company may not be able to continue as an ongoing concern.
Ireland emerges as Europe’s storage lab
A recent presentation at the European Union-funded Grid and Storage workshop in London showcased why Ireland has emerged as Europe’s energy storage lab, and might soon comprise an active storage market.
TerraForm Power President and CEO steps down
Brian Wuebbels has stepped down from his leading role at TerraForm Power, as SunEdisons yieldco distances itself from the troubled parent company.
BREAKING: SunEdison under investigation by Justice Department, Securities and Exchange Commission
In a regulatory filing, SunEdison has revealed that it is being investigated by two federal bodies, as the latest of its troubles.
SMA delivers positivity across the board in 2015 financials
Sales growth of 24% year-on-year driven by strong performance in large-scale, residential and commercial sectors as company targets first dividend payout for four years following robust turnaround.
Huawei edges out SMA as leading global inverter by shipments, finds GTM Research study
The Chinese giant shipped the most inverters in 2015 in terms of MWac, pushing SMA into third place behind Sungrow; positions switched in terms of revenue, with SMA holding on to top spot despite pressure from Huawei and Sungrow.
Foxconn seals Sharp buyout deal on vastly reduced terms
The Taiwanese company finalizes two-thirds control of the Japanese electronics giant for sum of 389 billion yen ($3.5 billion) in inaugural buyout of a Japanese firm by a foreign entity.
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