SolarWorld lodges an appeal against court judgment in Hemlock dispute
A revision request has now been received by the appropriate court in Michigan. SolarWorld has meanwhile filled further protective letters against Hemlock to various courts in Germany, as a precaution to prevent possible enforcement of any penalty in Germany. SolarWorld CEO Frank Asbeck is confident that the U.S. silicon manufacturer will not receive recognition of any judgements in German courts.
Third-party solar moves forward with changes to Rhode Island’s net metering rules
National Grid has filed to change the net metering rules in line with an earlier legislation, making net metering in the state even better than before.
More troubles: the pv magazine USA weekly news digest
This was another difficult week in the U.S. solar industry, with layoffs at SolarCity and the carving up of SunEdison’s empire, but also saw progress in policy and technology.
NRG move to acquire SunEdison assets moves forward, expands to DG
A bankruptcy court has approved the expedited auction of SunEdison projects with NRG as the “stalking horse” bidder, and NRG has separately announced the purchase of 26 C&I solar projects.
NASDAQ warns TerraForm Power, TerraForm Global over delays in filing
The yieldcos have until the end of August to submit a plan as to how they are going to get their financial reports on track, while TerraForm Global struggles with multiple legal proceedings.
Fronius opens new R&D center in U.S. with eye on Tesla partnership support
The Austrian inverter specialist opens sales, product management and R&D center in San Francisco to better serve U.S. markets and commitments. Partnership with Tesla expected to be strengthened.
SolarCity offers $124 million in high-interest bonds
On the same day that the copmany announced that it will lay off workers and cut founder salaries, SolarCity initiated a bond offering at a record high interest rate of 6.5%.
Canadian Solar beats shipment and revenue guidance for Q2
The Chinese-Canadian solar firm shipped 1,290 MW of modules and posted net revenue of $805.9 million in the second quarter, with nearly half of its sales to the Americas.
SolarCity cuts co-founder salaries to $1, announces job losses
In an SEC filing, the distributed solar market leader reveals that it expects to incur restructuring charges of $3-5 million in light of unspecified number of job losses. The company’s CEO and CTO will accept reduced salaries as reduced guidance bites.
Sunlink expands installation business in New England
The company has contracted for over 20 MW of projects in Massachusetts and Vermont.
