Legal

The Brisbane-based solar and storage developer has placed Lyon Solar, Lyon Battery Storage and Lyon Infrastructure Investments 1 into voluntary administration after being embroiled in a court case over a wind up notice issued by one of its investors.

The ITC will look at cells made by LONGi, JinkoSolar and REC Group, based on claims by Hanwha Q Cells that the companies have infringed on its PERC technology.

The Norwegian solar panel manufacturer says Hanwha Q Cells did not provide full particulars of its allegations despite REC Group’s requests and went ahead to commence proceedings in the Federal Court of Australia.

The South Korean solar module maker has filed another claim with the Federal Court of Australia against Norwegian solar manufacturer REC Group, as well as PV distributors BayWa r.e. Solar Systems and Sol Distribution, for distributing products that allegedly infringe on its patents.

The Korean solar manufacturer has lodged a lawsuit with the Federal Court of Australia against Chinese panel makers Jinko and Longi following similar allegations in the U.S. and Germany.

Following a sod-turning ceremony that took place without much fanfare in south-east Queensland two weeks ago, Sunshine Energy Australia CEO Anthony John Youssef provides some detail on a 1.5 GW solar PV and 500 MWh energy storage project. While light on details about the financing structure, Youssef sets out the proposed construction timeline that, he hopes, will not be thwarted by two appeals lodged against the development.

U.S.-based hedge fund Magnetar Capital, a 25% investor in a Lyon subsidiary, is seeking to wind up the group’s solar and storage unit, in a case before the Supreme Court of New South Wales. Lyon is looking for ways to buy out Magnetar’s share.

The California Building Standards Commission has approved the requirement that new homes integrate rooftop solar. This is expected to not only give a major boost to the state’s solar market, but to drive down costs.

Last December, the company’s CEO made a proposed transaction offer to acquire Canadian Solar. Mulling the offer, a special committee has now advised the company’s board to cease its review of the proposal, highlighting that it could not find sufficient certainty in the CEO’s ability to secure the funding for the transaction. Following the news today the CEO has withdrawn his offer.

Despite political hurdles in key markets including China, India and Japan, Asia-Pacific remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.