Dubai-based Abdul Latif Jameel Energy and Environmental Services (ALJ) has acquired Spanish PV project developer Fotowatio Solar Renewable Ventures (FRV) for an undisclosed amount.
China-based PV EPC and project developer, China Singyes Solar Technologies Holdings reported a 9.3% increase in EPC revenue for 2014, reaching RMB2,060 million (US$332.3 million).
The PV power plant project development arm of GCL-Poly has signed an agreement with CMB Nanjing bank for solar PV project financing and other corporate activities.
US headquartered PV module encapsulant producer STR Holdings has secured a major new exclusive supply contract worth potentially 500MW per annum in volume sales through its majority shareholder, China-based PV project developer Zhenfa Energy Group. Financial details were not disclosed.
Bankrupt PV and sapphire equipment specialist GT Advanced Technologies (GTAT) has been able to secure US$95 million of debtor-in-possession financing to provide working capital needs during its Chapter 11 restructuring efforts.
Off-grid renewables specialist Sunlabob Renewable Energy has secured a US$2.1 million investment from UK-based Truestone Global Impact Fund to fund its international expansion.
PV and polysilicon equipment specialist centrotherm Group reported a return to profitability in 2014 on the back of recovering sales of €189.2 million, driven by an upturn in revenue from PV equipment sales and progress on building a polysilicon plant in Qatar.
Beleaguered German inverter manufacturer, SMA Solar, has ended the fiscal year with sales slightly higher than expected but still down 13.6% on 2013 and with an operating loss almost twice as large as last year’s.
Tier-one PV manufacturer SolarWorld has reported that total shipments increased 55% in 2014 and guided shipments in 2015 to increase a further 25% and surpass 1GW.
