Financial & Legal

Plans to build a fully integrated PV supply chain within Saudi Arabia are continuing slowly with reports that Idea Polysilicon Company (IPC) has received four bids to build its proposed 10,000MT polysilicon plant and ingot/wafer operations.

Specialist bank Investec is investing ZAR8 billion (US$813 million) in South Africa’s renewable energy independent power producer procurement programme (REIPPPP).

A 30-year Power Purchasing Agreement (PPA) has been offered by Uruguay’s state-owned power company to Netherlands-based solar developer Fotowatio Renewable Ventures, following a tender process which opened on 27 May this year.

The World Bank Group (WBG) has released a report calling for more investment in solar energy as a tool for tackling extreme poverty.

US-based PV module supplier, Westinghouse Solar is teetering on the brink of insolvency, recent SEC filings reveal.

US$30 million from the advanced research projects agency for energy (ARPA-E) will be available for new solar research programmes.

Trina Solar has completed the repurchase of its outstanding convertible debt on schedule.

A deal that would see Conergy’s sales operations sold and split from its PV module and mounting systems manufacturing operations has been signed between US-based financial investor, Kawa Capital Management, Conergy and the preliminary insolvency administrator of Conergy.

Tapping into the trillion-dollar securities market for portfolios of solar projects moved a significant step forward at a meeting last week of the Solar Access to Public Capital (SAPC) working group.

High Definition Photovoltaic (HDPV) Alliance has published its first standard: the HDPV inverter standard in the hope of halving inverter costs and doubling output power.