TerraForm Power to sell UK solar portfolio for $581 million
Vortex, a renewable energy investment platform managed by Egypt’s EFG Hermes, to purchase TerraForm Power’s 365 MW U.K. solar portfolio for £470 million.
From the editor: James Hansen is behind the times on wind and solar
James Hansen has played a very important role in publicizing the dangers of Climate Change. But his remarks on renewable energy show that he is not well informed on the current state of wind, solar and grid integration.
Innogy completes acquisition of solar and battery specialist Belectric
German renewable energy developer has acquired international PV power and storage specialist Belectric for a sum in the double-digit million dollar range, company comfirms.
1366, Hanwha achieve 19.6% multicrystalline cell efficiency
Using 1366’s groundbreaking kerfless silicon wafers and Hanwha’s proprietary PERC cell process, the cells’ remarkable performance was verified by an independent testing firm.
TerraForm Power expects to break even in 2017
In a conference call the yieldco says that sale of 376 MW of solar projects in the UK is at an advanced stage, and gave additional information on financial metrics.
sonnen steals top Tesla executive
The German energy-storage company hired the highest-ranking North American sales manager from Tesla to spearhead its U.S. expansion plans
Tesla to pick up German engineering company to boost automation
It is not clear at this time if Tesla plans to apply Grohmann Engineering’s automation expertise to either the SolarCity PV module factory or its battery manufacturing in Nevada.
E.ON begins construction on 10 MW battery storage project in Arizona
The Iron Horse is the first energy storage project for E.ON North America, and accompanies a 2 MW PV system.
Shipments up, revenue down in preliminary SolarWorld Q3 results as module price slump bites
Having warned it will miss its 2016 forecast, German solar firm SolarWorld publishes flat preliminary third quarter results that reveal slight fall in revenue. Shipments did grow Y-O-Y by 5%.
D.E. Shaw proposes to take over as TerraForm sponsor
The renewable energy investor says that the taking TerraForm off SunEdison’s hands could allow the company to recover.
