The second of two major projects SunEdison is expecting to complete in Chile during the first quarter of 2014 has received project financing of US$100.4 million from the Overseas Private Investment Corporation (OPIC), the US government's development finance institution and IFC, a member of the World Bank Group.
Still waiting for an upturn in solar module equipment orders, Spire Corporation reported third quarter revenue of US$4.2 million, slightly up from US$3.6 million reported in the second-quarter and up from US$2.6 million in the first quarter of 2013.
JinkoSolar has said it will expand module capacity to at least 2GW in 2014, due to solar modules sales being virtually fully booked through the first half of the year.
Updated. PricewaterhouseCoopers, Suntech Power Holdings' appointed liquidators in the Cayman Islands have claimed that Wuxi Suntech is owned by Power Solar System Co., a direct subsidiary of Suntech Power Holdings, casting doubt on the deal to sell the PV manufacturer's Chinese arm.
Specialist encapsulant supplier, STR Holdings, continues to struggle following the loss of its major customer, First Solar, last year, as third quarter sales continued to decline, forcing further plant closures and restructuring efforts.
Having been granted a provisional liquidation order in the Cayman Islands, Suntech Power Holdings has also appointed PricewaterhouseCoopers to support its restructuring efforts.
Despite increased shipments and sales reported in its second quarter (FY) results, China Sunergy has been forced to lower quarterly and full-year guidance due Chinese banks tightening credit facilities, restricting the company’s ability to purchase materials and products for production.
SunEdison is racing to build significant scale to its PV power plant project business, while SolarCity has just successfully added a new financial business model to its bow.
Enphase Energy has cited the roll-out its fourth generation microinverter and an expanding commercial rooftop as factors behind its record quarterly revenue posted this week.
