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The European Investment Bank (EIB) is to provide a €23 million (US$29.5 million) loan for solar development in West Africa.
The US Department of Energy (DOE) has revealed a set of measures – aligned with President Barack Obama’s Climate Action Plan – to build up the renewable energy sector in the country.
Solar prices in the US in 2013 fell by a further 15% year on year, a study from the Department of Energy and Lawrence Berkeley National Laboratory has found.
Three of Cayman Islands-registered LDK Solar’s US-based subsidiaries are to file for Chapter 11 bankruptcy, supporting attempts to restructure rather than fold the company.
Wuxi Suntech’s parent company Shunfeng and its partner Greenfield Solar International have signed youmex to finance the PV project pipeline they are developing in the UK.
Chile’s government has released CLP780 million (US$1.3 million) to fund the early-stage development of 51 renewable energy projects totalling 740MW.
Reflecting the general recovery in PV equipment sales, Meyer Burger Technology has said it will increase its working capital in a CHF100 million (US$106 million) convertible bond issue.
The prospects of a record-breaking year for solar in China have helped propel the country to the top of Ernst & Young’s list of the world’s most attractive destinations for renewable energy investment.
Taiwan-based solar cell producer, Solartech Energy is investing approximately US$16.2 million in Malaysia-based solar cell producer, TS Solartech Sdn Bhd, a subsidiary of Tek Seng Holdings Bhd.
China-based PV manufacturer and developer Hareon Solar Technology is raising approximately US$618 million in a non-public offering of shares to fund several key projects related to manufacturing and PV power plant projects.
US electric power holding company Duke Energy has made a US$500 million commitment to the expansion of solar energy in North Carolina.
China-based PV energy firm, United PV, expects to acquire between 500MW and 1,000MW of solar power plants in China this year.
The largest US solar installer, SolarCity has revised certain terms related to the purchase of PV manufacturer, Silevo.
The largest merchant solar cell producer, Neo Solar Power Corporation (NSP) experienced its third consecutive decline in monthly sales due to the impact of the US anti-dumping case.
Long-term financing options for solar power projects in Japan are now being offered by US investment banking firm Goldman Sachs more cheaply than comparable bank loans, according to Bloomberg.