The PV Market Alliance has released its official solar installation figures for 2016, which show a 50% growth from 2015 with a total of 75 GW installed. This was mainly driven by a mammoth year of installations in China, although the future would seem less auspicious as the two biggest markets show signs of retraction.
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.
In the face of likely Trump Administration assaults on clean energy, the outgoing Obama Administration is firing all guns to support renewable energy and innovation projects.
In its latest Global PV Tracker report, GTM Research says China and India will experience the most significant growth in the coming years.
SunEdison’s two yieldcos have released preliminary Q2 results as the companies delay being de-listed and consider taking offers.
The U.S. Agency for International development (USAID) announced that it will provide USD10 million in funding to a number of projects aimed at addressing critical areas of development, two of the projects center on solar research in India and in Morocco.
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.
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