Financial & Legal

Wacker has reported that preliminary sales for its polysilicon division in the fourth quarter of 2014 topped €262 million, up 5% from the prior year period, but declined slightly quarter on quarter.

Lowering interest rates for Indian solar projects from around 14% to 7% would save around one-third of the project’s entire lifetime cost, according to a senior climate financier.

Solar energy finance and investment firm Sol Systems is set to deploy over US$200 million in capital to finance at least 150MW of projects.

The leaders of the US and India have reasserted their ongoing clean energy partnership with President Obama hinting at additional financial support during meetings in India.

Vertically integrated solar power provider SunEdison and its ‘yield co’ subsidiary will build 85.2MW of UK PV across five plants, having secured financing from Santander and Bayerische Landesbank.

Developers Baywa r.e. and Solairedirect have separately announced €228 million (US$264 million) in financing for French PV projects.

Penn Energy Renewables has closed financing on three solar farms totalling 37MW in Ontario.

Renewable Energy Trust Capital (RET Capital) has, in the process of signing a collaboration framework agreement with developer Origis Energy, acquired three PV plants in the US state of Georgia totalling 24.5MW of generation capacity.

China-based monocrystalline wafer producer, Solargiga Energy has reported increased shipments and revenue in 2014.

Specialist PV equipment supplier RENA, which is in the middle of restructuring efforts, has said its new order intake in the fourth quarter of 2014 totalled €30 million.