Financial & Legal

First Solar and SunPower have issued a brief statement saying that they are in advanced negotiations to form a joint financial yield-co vehicle to contribute PV power plants projects from their existing portfolio of assets.

Israeli micro-inverter manufacturer SolarEdge has filed papers for a US$125 million flotation on the NASDAQ stock exchange.

Major fabless photovoltaics energy provider (PVEP) SunEdison reported fourth quarter and full-year results for 2014, reaching its 1GW project completion target and increased its pipeline by 51% to 5.1GW, excluding the First Wind acquisition.

Mainstream Renewable Power and private equity firm Actis have established a US$1.9 billion investment platform for the African market.

The repeal of a so-called Robin Hood tax on Italian energy firms could offset recent reductions in the feed-in tariff, according to independent power producer Etrion.

Taiwanese solar cell producer, Solartech Energy Corp reported flat sales for January, 2015, compared to the previous month.

The hype surrounding India’s plans to install 100GW of solar by 2022 went to a new level at the weekend as India’s Prime Minister, Narendra Modi and Piyush Goyal, Minister of State for power attended the first government backed event to kick-start investment in Modi’s plans.

US-based polysilicon producer REC Silicon is planning to attempt to shift its current FBR-based (fluidised bed reactor) polysilicon production sales away from China over tariff duty uncertainties and the eventual ramp of its JV FBR-base plant in China in 2017.

Hyundai Heavy Industries (HHI) reported a decline in solar cell and PV module sales in the fourth quarter of 2014.

Korean polysilicon producer, OCI Company has reported a 17% increase in polysilicon sales in 2014 as its plants run at full capacity.