- Industry Roundup
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- PV Modules
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The US government has announced plans to smooth the path for the development of commercial-scale solar with US$15 million being set aside for community-lead projects.
LDK Solar has claimed through its Cayman Island liquidators that unaudited accounts indicate the company had revenue of US$273.1 million in the fourth quarter of 2013, up from US$156.6 million in the previous quarter.
United Photovoltaics Group is close to signing a deal with China Financial Leasing Company (Sinolease) to provide at least US$1.6 billion in PV project funding.
Hanergy has signed a memorandum of understanding (MoU) with renewable energy asset management firm Greenbacker Renewable Energy Corporation for the funding of up to 126MW of PV projects in the US.
A new US$100 million project finance fund for distributed solar in the US is to be set up by Hannon Armstrong Sustainable Infrastructure (HASI) and clean energy finance firm Sol Systems.
Plans have been agreed at the aleo solar EGM for the company to wind down through a liquidation, with as much as €50 million (US$69.1 million) of support provided by parent company Robert Bosch in order to avoid bankruptcy proceedings.
The company noted that it could not pay accrued interest and fees, which could result in the bank foreclosing. SPI Solar had total company deficit of US$56.1 million at the end of 2013, much of it owed to LDK Solar.
Leading global PV manufacturer, Yingli Green Energy has joined with China-based investment fund, Sailing Capital, to create a renewable energy fund to invest in Yingli Green’s PV projects.
Liquidators for LDK Solar, Zolfo Cooper have requested the New York Stock Exchange (NYSE) to change its decision to de-list its American depositary shares (ADS).
The IPCC has said solar has the largest technical feasibility in mitigating harmful climate change from electricity production “by a large magnitude”.
Taiwan-based solar cell producer, E-Ton Solar Tech Co reported sales of over NT$423 million (US$14 million approx) for the month of March.
Shunfeng Photovoltaic International is planning to issue convertible bonds totalling US$296.6 million to support its PV project business plans.
Struggling solar EPC firm S.A.G. Solarstrom, which is operating under insolvency proceedings said that its restructuring advisor, Roland Berger Strategy Consultants had received expressions of interest from a number of parties in becoming strategic investors in the company.
Taiwan-based solar cell and module manufacturer Gintech Energy reported a significant jump in revenue for the month of March 2014.
Struggling lower-tier a-Si thin-film producer and BIPV developer, China Solar Energy Holdings has been forced to close its a-Si thin-film manufacturing plant in Changzhou, Jiangsu, China after the subsidiary was forced into bankruptcy.