JinkoSolar has raised $225 million in funding in a round led by China Development Bank International and the Macquarie Greater China Infrastructure Fund. The capital will be used for JinkoSolar’s downstream solar power project business.Continue
SunEdison has agreed to acquire a 50 percent stake in Silver Ridge Power from The AES Corp. No financial terms were disclosed for the transaction, which is expected to be completed in late June 2014. Riverstone will continue to hold the remaining 50 percent stake in SRP. Headquartered in Arlington, Virginia, SRP is a global solar power firm.Continue
(Reuters) – FBI agents searched the offices of Solyndra on Thursday, the U.S. solar startup that received millions of dollars in federal loan guarantees before filing for bankruptcy this week.
The search comes amid intensifying pressure on the Obama administration, which championed Solyndra as being at the forefront of solar technology when President Barack Obama visited the company’s Fremont, Calif., facility in 2010.
The FBI said it was searching for materials, including documents, but did not offer more specifics.
“We are executing search warrants at Solyndra regarding …Continue
(Reuters) – As expected, Solyndra LLC, a solar panel maker that received $535 million in federal loan guarantees, filed for Chapter 11 Bankruptcy protection today, the third U.S. solar firm to succumb to pressure from Chinese rivals in recent weeks. Solyndra, which also received more than $700 million in venture capital funding, said it will […]Continue