The yieldco’s first statement regarding its 2016 financials shows plenty of cash, but Global is remaining in the red overall.
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.
The yieldco’s overdue filing of its 2015 financial report is a step towards compliance with NASDAQ trading rules; however TerraForm Global’s losses exceeded its revenue in 2015 and the company has warned that it may not be able to continue.
EDF Renewable Services (EDF RS), of San Diego, announces that they recently assumed the Asset Management and O&M services on a portfolio of solar photovoltaic projects totaling 200 MW.
SunEdison’s two yieldcos have released preliminary Q2 results as the companies delay being de-listed and consider taking offers.
IdeemaTec, the Wallerfing, Germany-based tracker manufacturer, announced at SPI that it has won new projects in Georgia and Tennessee following the opening of its first U.S. office in Charlotte, in July.
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.
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