Financial & Legal

Expansion strategies into the US residential market announced yesterday by SunEdison are a “validation of the rapid growth” of the country’s household solar market, according to one investment bank.

Leading PV microinverter producer Enphase Energy met the mid-range of sales and shipment guidance on the seasonally weak first quarter.

Project developer SPI is set to raise US$50 million in a private placement of shares as it looks to build out its pipeline.

Major polysilicon producer Wacker Chemie said its capacity could reach around 80,000MT by 2017 as it optimises production in Germany and ramps its new plant in Tennessee.

German PV module manufacturer Solar-Fabrik has said that insolvency proceedings have started in Freiburg, Germany with the local court ordering law firm Kaiser & Sozien as the insolvency administrator.

Vertically-integrated PV developer Solar Power (SPI) and its subsidiary Meitai Investment Co. has agreed to a definitive share purchase deal with Shanghai All-Zip Roofing System Group Co. (All-Zip) and all of its shareholders in order to acquire 100% of the equity interest in the company.

Leading solar panel manufacturer Yingli Green Energy announced today that it has filed for a 15-day extension of the due date to release its annual report for the year ended 31 December 2014.

PV equipment maker Singulus Technologies will undergo a financial restructuring as it looks to reduce it debt.

Yingli has netted RMB588.2 million (US$94.9 million) from the sale of land earmarked for the expansion of its in-house polysilicon operations.

Folsom Labs, the California-based developer of PV sales and design software HelioScope, has raised US$1 million in a round of funding from other major software players.