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Total corporate funding for the global solar sector reached $25.3 billion in 2015, according to Mercom Capital Group. Mercom Capital Group, one of the leading clean energy communication firms, published its 2015 Q4 and Annual Solar Funding and M&A Report this week, investigating solar market activity covering all corporate funding. According to Mercom, total corporate funding for the fourth quarter of 2015 reached $6.9 billion over 52 deals, up slightly on the quarter before. This brought the total 2015 global corporate funding tally to $25.3 billion over 211 deals, down on 2014’s $26.5 billion over 195 deals. Total Venture Capital (VC) funding for the year was again down on 2014. The fourth quarter brought in $457 million over 17 deals — which for its part was up on the same quarter a year earlier, which only brought in $315 million over 16 deals — and brought 2015 to a close at a total of $1.1 billion over 83 deals, compared to $1.3 billion in 2014 over 85 deals. The top VC funded company in 2015 was Sunnova Energy, which raised $300 million from Triangle Peak Partners, GSO Business Group, SEIS Holdings, and Credit Suisse. The top VC-funded technology type in 2015 was unsurprisingly downstream solar businesses, which brought in a total of $727 million over 45 deals. Debt financing for 2015 again fell, dropping to $18.3 billion over 90 deals, compared to $19.97 billion over 58 deals in 2014. Public market financing reclaimed some ground, bringing in $5.9 billion over 38 deals for the year, compared to $5.18 billion over 52 deals. Large-scale project financing dropped again, down to $11.6 billion over 124 deals — though the fourth quarter again picked up over the same quarter a year earlier, probably due in part to the rush in several countries to get in before favourable policies were axed (or were feared to be axed, but weren’t, as was the case in the United States). The largest large-scale project funding deal in 2015 by dollar amount went to Abengoa, which raised $660 million in non-recourse project financing for its 100 MW Xina Solar One CSP project, being developed in South Africa, thanks to contributions from the African Development Bank, the International Finance Corporation, Industrial Development Corporation, the Development Bank of Southern Africa, Absa member of Barclays, Nedbank, and Rand Merchant Bank, a division of FirstRand Bank. Corporate Merger & Acquisition (M&A) transactions in 2015 dropped from $4 billion in 2014 to only $3 billion in 2015. The top M&A transaction was the acquisition of an 80% stake in Gestamp Asetym Solar by KKR for $1 billion. Announced large-scale project acquisitions had a much healthier year, however, raking in $7.3 billion over 204 transactions compared to only $3.2 billion over 163 transactions in 2014. The largest of these acquisitions was the $669 million acquisition of four solar projects totalling 450 MW by Abengoa Yield, from Abengoa.    Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”   Come attend CleanTechnica’s 1st “Cleantech Revolution Tour” event → in Berlin, Germany, April 9–10.   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.  

Sunitinib, a tyrosine kinase inhibitor, has been approved for the treatment of cancers, such as advanced renal cell carcinoma (RCC). On the other hand, sunitinib treatment is known to induce thyroid dysfunction in a substantial proportion of patients treated for advanced RCC; in fact, hypothyroidism is a frequent complication. However, little is known about sunitinib-induced thyrotoxicosis and destructive thyroiditis. Here, we report a patient with RCC who developed transient overt thyrotoxicosis followed by hypothyroidism due to sunitinib treatment. A 58-year-old woman, who had been treated with chronic thyroiditis, was diagnosed as having left RCC with bone metastasis to the rib. The patient underwent resection of the left kidney and the bone metastasis lesion. However, 3 months later, bone metastasis to the rib recurred, and sunitinib treatment was started. At 6 weeks of sunitinib therapy, the patient developed transient thyrotoxicosis, followed by persistent hypothyroidism. In the thyrotoxic phase, the patient was diagnosed as having destructive thyroiditis based on an increased thyroglobulin level, a low radioactive iodine uptake, increased free thyroxine level, and suppressed thyroid-stimulating hormone level. The thyroid volume in the hypothyroid phase was 68% of that in the thyrotoxic phase. In conclusion, the present report suggests that sunitinib-induced persistent hypothyroidism may be a consequence of preceding destructive thyroiditis with transient thyrotoxicosis. The decreased volume of the thyroid during the hypothyroid phase indicates irreversible organ damage in the present patient, thereby resulting in persistent hypothyroidism. Thus, periodic surveillance of thyroid function is mandatory during sunitinib therapy. Source

A modular multi-turbine unit of fixed toroidal support structures having a rail system designed to allow each of the plurality of turbines to rotate to a most efficient position relative to the wind for generating power, a computer control system capable of positioning each of the plurality of turbines to most effectively generate power from the wind, preventing damage to the turbines, and providing a wind predictive model based on the wind characteristics for the area in which the wind turbine is located.

Three investment firms are vying to buy French call center operator Webhelp in a deal which could value the business at around 1 billion euros ($1.09 billion), four sources familiar with the matter said. Webhelp’s owner Charterhouse [CHCAP.UL] is looking to offload the company, which provides outsourcing services to companies such as Sky and Vodafone, to another investment firm in a so-called secondary buyout. It has asked U.S. buyout fund KKR (KKR.N) and European private equity house Apax to submit binding offers in the next couple of weeks, the sources said. Brussels-based Cobepa, an investment company backed by European family shareholders, has also been admitted to the final stages of the auction, they said. Webhelp, Charterhouse, KKR and Apax declined to comment. Cobepa had no immediate comment. Based in Paris, Webhelp is expected to have earnings before interest, tax, depreciation and amortization of around 115 million euros in 2015, one of the sources said, and could be sold at a multiple of 9 to 10 times its EBITDA. Deutsche Bank was hired earlier this year to kick off a process which initially drew interest from other heavyweight private equity funds such as Silver Lake [SILAK.UL] and PAI, the source said. The sale, which is expected to be wrapped up by the end of the year, comes amid a series of portfolio divestments by Charterhouse, which sold Environmental Resources Management in June and is now in the process of exiting healthcare company Tunstall. Charterhouse secured a majority stake in Webhelp in 2011 and has since worked to expand its global reach and move into new markets. In October it bought call center peer Callpex in Turkey, its first acquisition outside Europe, while also reinforcing its presence in Switzerland with the purchase of CSM. A source close to Webhelp said its revenue will grow more than 35 percent this year to an estimated 725 million euros. Founded in 2000 by co-chairmen Frédéric Jousset and Olivier Duha, Webhelp is present in 21 countries and employs more than 30,000 people.

Apollo Global Management LLC posted higher earnings for the third quarter as a gain from the company’s stake in insurance business Athene helped offset the impact of volatile markets. The New York investment firm reported a profit of $41.1 million, or 20 cents a Class A share, up from a year-earlier profit of $2.21 million. Apollo posted $104 million, or 26 cents a share, of economic net income in the third quarter, compared...

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