Major merchant solar cell producer Neo Solar Power (NSP) reported lacklustre sales improvement in March 2015, resulting in sales remaining in the doldrums for the first quarter of the year.
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.
