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Abengoa receives 106 million loan from creditors
The 15-month loan will be used to keep the Spanish corporation afloat as it restructures.
Abengoa redefines its solar strategy in Chile, gives assurances for 950 GWh awarded in auction
The bankruptcy process requires the Spanish company to slow down the Atacama 1 CSP project, to reconsider its list of local projects and consider selling various assets.
Spain's Constitutional Tribunal gives a bitter Christmas gift to solar producers
Hours after learning of the Supreme Tribunal’s doubts regarding the constitutionality of the removal of the feed-in tariff for PV, Spain’s Ministry of Industry reports that the Constitutional Tribunal has dismissed an appeal by Murcia and affirmed that this can set a legal precedent.
Taiwan ups solar FITs, sets 500 MW 2016 target
Taiwans Ministry of Economic Affairs has released new tariffs for solar PV. To boost activity in the region, a 12.5% increase in tariffs has been set for installations in the northern part of the country, and in Miaoli County. Other installations will see tariffs rise 5.6%. Overall, 500 MW are being targeted next year, while cumulative capacity should reach 8.7 GW by 2030.
Italy: Quercus, Swiss Life acquire ASI, 77.1 MW solar portfolio
Quercus Assets Selection and Swiss Life Asset Managers have acquired Antin Solar Investments (ASI) and its 771. MW Italian PV portfolio, worth EUR 310 million. The transaction should be finalized in Q1 2016.
BayWa sells another UK solar farm
BayWa r.e. has sold another U.K. solar project this year. The 24.2 MW PV park has been acquired by CEE Management GmbH for an undisclosed sum.
EU trade case: 120 companies, associations to participate in MIP expiry review
The possibility to register as an interested party for the EU Commission’s expiry review of minimum prices and import volumes for Chinese solar PV manufacturers expired on Monday. Many more companies and organizations registered than in 2013, the majority of which are based in Germany.
EU: Anti-circumvention duties for Chinese solar products shipped via Taiwan, Malaysia
Anti-circumvention duties of 53.4% and anti-subsidy duties of 11.5% are to be applied to Chinese solar PV panels and cells shipped from Taiwan and Malaysia to the EU, after the European Commission (EC) found evidence of duty dodging. They will be applied retroactively. Companies have until January 6 to comment on the ruling, with a final decision expected by the end of February.
Vivint shareholders to vote on SunEdison acquisition
Vivint Solar has issued a proxy statement calling for a shareholder vote. Acquisition by SunEdison is expected to close in the first quarter of 2016.
Shanghai releases policy encouraging financing of distributed solar
A new policy to encourage financing of distributed solar PV projects in Chinas largest city has been jointly released by the Shanghai Reform and Development Committee (HRDC) and Shanghai Finance Bureau. IRRs are expected to increase to over 20%.
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