India

Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.

The move is a step toward regaining regulatory compliance, in advance of a potential purchase by Brookfield.

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.

Richmond, CA-based AlionEnergy expects the first commercial installation of its new tracker system as early as February.

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.