Monthly Archives: February 2016

NRG Reports $6.4B Loss, Reintegrates Large-Scale Renewables Business

NRG Energy is folding its large-scale renewables business back into the NRG platform, as it continues to sell off its residential solar and electric vehicle charging businesses. “We are focused on bringing the GreenCo process to a closure that maximizes value for our shareholders,” said Mauricio Gutierrez, NRG’s recently-named CEO, in a fourth quarter earnings

Cleantech Financial Funding Month in Review

New cleantech funds SolarCity has suffered some recent setbacks with its loan product offering and managing the expectations of Wall Street. Nevertheless, the capital markets and SolarCity’s equity partners remain enthusiastic about investing in solar rooftops. The company just created a new tax equity fund to finance $249 million in solar projects. According to Radford

Report: Consumers’ Growing Appetite for Solar, Storage and Bundled Home Energy Services

The number of broadband households that have adopted rooftop solar panels doubled to 4 percent in the period 2013 to 2015. Seven percent of U.S. broadband households said they plan to purchase solar panels in the next 12 months, according to new research from Parks Associates. “Consumers are interested in taking an active role in

Modest advances for solar and clean energy in India budget

A levy, or cess, on coal and other fossil fuels in India will be doubled from INR200 (US$2.93) per tonne to INR400 per tonne, under the latest Budget announced today by minister of finance Arun Jaitley. …read more

China Sunergy in threat of NASDAQ de-listing

PV manufacturer China Sunergy (CSUN) has been threatened by the NASDAQ that its shares could be de-listed due to non-compliance with the US$1.0 minimum trading price rule. …read more

DNV GL conducts install time test on SunPower’s ‘Helix’ roofing system

Major PV energy provider SunPower has said its recently launched ‘Helix’ Roof product was able to be installed by at least two and a half times faster than competing commercial rooftop systems, after consultancy DNV GL undertook a ‘Mounting System Installation Efficiency Test’ in December 2015. …read more

Parent company owes Hanergy Thin Film over US$630 million

Distressed PV thin-film producer Hanergy Thin Film has finally issued a profit warning and business update that reveals the extent of the dependence on its parent company and its dire financial position. …read more

First Solar modules chosen for 5MW Namibia project

Swiss developer HopSol has selected First Solar modules for a 5MW project in Namibia, south-west Africa. …read more