Indian wind group Suzlon claimed it now has the financial stability and firepower to grow in the global wind market after a “transformational” year that saw it sell the Senvion turbine business and receive an 18bn rupee ($282m) cash injection from one of India’s richest men.
Global PV module number-two Yingli Solar confirmed it may bring strategic investors on board to strengthen its position as it moved to reassure the financial markets following its warning on Monday that it faces “substantial doubt” over its ability to remain solvent.
20 May 2015 01:38 GMT
Investors in Hanergy Thin Film Power (HTF) were left scratching their heads and nursing their losses today after the Chinese PV manufacturer lost almost half its value and saw it shares suspended on the Hong Kong Stock Exchange.
20 May 2015 10:05 GMT
Lower solar sales were just one headache of many for Japanese electronics giant Sharp, which today accepted a bailout by its banks as it posted a full-year net loss of 222bn yen ($1.9bn) and warned that it faced “material uncertainty” over its ability to continue as a going concern.
14 May 2015 01:09 GMT
SunEdison has filed papers to launch its second yieldco, this one focused on developing countries, and announced a major string of project acquisitions to feed the new entity – including deals that mark its first push into the Chinese wind and Latin American hydro markets.
07 May 2015 02:29 GMT
To protect your subscription investment, we've instituted a security system to protect against the electronic redistribution of copyrighted Rechargenews content. Read more