News

Renewable Energy Corporation (REC) has announced a new US$110 million convertible bond offer and a partial repurchase offer of existing bonds as it looks to appease investors.

Seven private companies and one public joint venture have received a letter of intent for 230MW of solar projects in Uttar Pradesh.

Module manufacturer JA Solar is to partner with testing house VDE Institute to raise awareness on the benefits of using high quality solar products.

According to NPD Solarbuzz, second quarter 2013 PV module shipments for the top 20 suppliers exceeded 5.8GW. The rise was led by Yingli Green Energy which saw shipments estimated to exceed 800MW and over 1GW for the first-half of the year, a new record for any PV module manufacturer.

The largest ever PV power plant, dubbed the OneGiga Project and said to have cost around €1.75 billion has been shelved by the developer Securum Equity Partners and will seek €160 million from the Republic of Serbia at the International Court of Arbitration in London, England.

German investment firm Wattner has purchased ten solar power plants with a total capacity of 48MW.

The former LDK subsidiary LDK Hefei is to be sold by the local Chinese government affiliate that purchased it earlier this year.

First Solar will start a 100MW manufacturing line for crystalline silicon cells for the residential distributed market from the end of next year with production scaling from 2015, it was revealed yesterday.

Shareholders in the beleaguered German manufacturer SolarWorld have given the green light to a comprehensive restructuring of the company’s finances.

South Korean business conglomerate SK Group has invested a further US$19 million into Texas-based CIGS thin-film PV module manufacturer HelioVolt.