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Showing content with the highest reputation on 12/07/2014 in all areas

  1. 2 points
    Sharp to sell U.S. solar unit to Canadian Solar-report 35 minutes ago  TOKYO, Dec 7 (Reuters) - Japan's Sharp Corp is set to sell its U.S.-based solar energy development unit Recurrent Energy to Canadian Solar Inc for about 30 billion yen ($247 million), the Nikkei business daily said on Sunday. Sharp aims to reach a basic agreement with the Canadian firm by the end of the month and complete the sale by spring, the report said, without citing sources. The Japanese firm could not be immediately reached for comment. Sharp paid $305 million in cash in 2010 to acquire Recurrent Energy. Selling the company now would help Sharp to raise capital as it struggles to raise its equity ratio to a healthy level. This year, Sharp shut down its UK solar plant and also pulled out of a venture with Italian energy firm Enel SpA to make solar panels and generate solar power. (1 US dollar = 121.4100 Japanese yen) (Reporting by Osamu Tsukimori; Editing by Kim Coghill)
  2. 1 point
    RE is responsible for 150MW PPA at 5 cents per watt for 25 years to Austin Energy. If they can do it with REC modules, imagine what they can do with Canadian ones.
  3. 1 point
    When asked about the yieldco plan, Qu offered this; I was wishing the moves included a bid for Recurrent but had reservations whether they had a real plan or could pulled it off (mainly because of a possible bidding war with SUNE). I'm really happy that they did it. TO me, this is probably the best move they could have made.


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