GCL New Energy Holdings, parent company to GCL-Poly and developer GCL New Energy, has issued a profit warning to the Hong Kong Stock Exchange, with which the company is listed.
The eligibility of energy storage systems for a programme financing energy efficiency and renewables through property tax assessment shows that the technology is maturing rapidly, according to the CEO of the North American arm of Sonnenbatterie.
Renewable energy firm SunEdison has cancelled a US$250 million deal to buy a 16% stake in Brazil’s largest renewable energy company, Renova Energia S.A, which is the second time in two months that the developer has pulled out of deals in the Latin American region.
Solar independent power producer Etrion Corp has completed a €222 million (US$236 million) refinancing of the majority of its solar parks in Italy, which includes long-term, non-recourse bank debt and project bonds.
India’s central government aims to introduce a US$1 billion private equity fund dedicated to the renewable energy sector, according to India’s energy minister Piyush Goyal.
The Inter-American Development Bank (IDB) has approved US$450 million of financing to initiate an Energy Efficiency Green Bond Facility in the Latin America region.
Trina Solar this week announced a US$45 million settlement in an ongoing lawsuit with Solyndra, but a hearing with Yingli in the same case could yield the bigger story, writes John Parnell.
