From Briefing.com: Qorvo (QRVO) has completed its $400 million share repurchase program authorized by its Board of Directors 7:05 am JinkoSolar Holding's JinkoSolar Power subsidiary signs a line of credit of up to RMB10 bln strategic agreement with the Industrial and Commercial Bank of China Jiangxi Provincial branch (JKS) : According to the terms of the agreement, ICBC Jiangxi Provincial branch will provide Jinko Power line of credit of up to RMB10 billion within three years. The financial instruments will include but are not limited to working capital loans, supply chain financing loans, and project loans. The final amount drawn will depend on Jinko Power's projects financing needs. 7:04 am Canadian Solar enters into a long term product supply agreement with Vivint Solar (VSLR) (CSIQ) : Co has entered into a long term product supply agreement with Vivint Solar (VSLR), a leading provider of distributed solar energy to residential and commercial customers in the United States. This contract, which allows for Canadian Solar to supply Vivint Solar with high efficiency CS6P polycrystalline modules for residential and commercial installations, will give the Company the ability to reach additional customers within these market segments and expand its consumer base. 6:03 am Chipmos Technology reports August, 2015 revenue of $48.9 million, down 18.7% Y/Y (IMOS) : Revenue for the month of August 2015 was NT $1,588.6 million or $48.9 million, a decrease of 2.9% from the month of July 2015 and a decrease of 18.7% from the same period in 2014.
5:21 am Canadian Solar secures financing for 200 MW Tranquillity Solar Power Project in CA (CSIQ) :
Co announced that its wholly owned subsidiary, Recurrent Energy has closed on a combined construction and term debt facility, with a syndicate of six banks, for the 200-megawatt Tranquillity Solar Power Project in California. The project, developed by Recurrent Energy, is currently under construction.
With NORD/LB as the Coordinating Lead Arranger, six banks, including Rabobank, Santander, KeyBanc, CIT, and CIBC, will provide project-level construction debt, LC facilities and a back-leveraged term facility, totaling $337 million. The Tranquillity project, covering an area of 1,900 acres in Fresno County, is expected to reach commercial operation in the fourth quarter of 2016. The project is expected to generate enough clean solar energy to power ~55,000 homes