TerraForm, SunEdison settlement may be imminent
As a Friday deadline looms under the memorandum-of-understanding (MOU) between the two former partners, the exclusivity agreement with its Brookfield suitor had its deadline extended to March 6.
Gov. Jerry Brown: “California is not turning back on renewables”
California governor Jerry Brown struck a defiant tone in his State of the State adress earlier this week, rejecting many of the policies put forward by the new Trump administration and Republicans in Washington DC.
TerraForm Power, Global get serious with Brookfield
The two yieldcos have entered into an exclusive agreement with Brookfield towards a purchase of the company, and entered into an MOU with SunEdison towards settling lawsuits to enable this sale.
Jigar Shah and Karl Rábago talk policy, pragmatism at NYSES event
Officials from pv magazine served as MC and moderator for the event in New York City
Brookfield bids to take over TerraForm Power, Global on the cheap
The Canadian asset manager’s latest offer is in line with TerraForm’s early January deadline for bids, and includes both buy-out and sponsorship options.
TerraForm Power, Global warned with de-listing (again)
NASDAQ has sent letters to both yieldcos warning them that the failure to hold annual general meetings in 2016 serves as an “additional” cause for de-listing, after late financial statements.
New import duty calculations put higher rates on Canadian Solar
This year’s review of the U.S. trade ruling on Chinese PV cells would otherwise keep duties at similar levels to previous years, but it is expected that few companies will end up paying them.
Settlement clears the way for SunEdison FBR polysilicon sale to GCL-Poly
SunEdison Semiconductor has agreed to allow the transfer of intellectual property to the world’s largest polysilicon and wafer maker, which is seeking to develop FBR polysilicon.
Kit Carson Co-op voluntarily commits to 100% solar electricity in summer
The New Mexico power producer has always wanted to serve its customers with renewable energy, but was severely limited by a previous contract. Now, thanks to a landmark FERC ruling and a new ‘angel’ wholesale-electricity supplier, the co-op can finally reach its goals.
FERC declines to intervene in Montana PURPA fight
The federal regulatory body states that Montana’s PSC is not in compliance with PURPA, and says that FLS Energy is free to pursue a remedy in the courts.
