The European Commission is facing severe criticism after it gave state aid approval for £17 billion (US$27.3 million) worth of nuclear energy subsidies.
PV project developer, SPI Solar is raising US$43.8 million in a private placement with a subsidiary of Evergrande Real Estate Group, said to be one of the largest real estate developers in China.
Although some areas could hit wholesale grid parity by as soon as 2018, most large-scale wind and solar deployment in Europe will still require subsidies over the next 20 years, according to the study from consultancy Pöyry.
Conergy is selling its US solar distribution business to Soligent a major PV products distributor in the country for an undisclosed sum. As a result, Conergy is focusing on its PV project business in US.
In a shock move, major PV equipment provider, GT Advanced Technologies (GTAT) said it would file for chapter 11 bankruptcy in the District of New Hampshire, US.
The US Department of Commerce has invited the industry to help it define the full scope of the ongoing trade case against Chinese and Taiwanese PV products.
Renowned environmentalist and solar advocate, Marina Silva, is now out of the race to become Brazil's next president, having gained just 21.32% of the vote in the first round of the race.
