Financial & Legal

Photovoltaics and semiconductor specialist materials provider Voltaix is be acquired by Air Liquide for an undisclosed sum.

First Solar is to offer 8.5 million shares at US$46.00 per share potentially bringing in US$391 million of new capital to build PV power plants.

Certain Suntech Power Holdings bondholders have started legal proceedings to recoup investments after the statutory 60-day hold on filing claims after the company defaulted in its US$541 million convertible note, expired.

Having been a long-term supplier of ingots and solar wafers to Sharp Corporation, China-based Solargiga Energy Holdings has signed a new deal to include 370MW of PV modules in 2013, making Solargiga, Sharps largest PV product supplier, according to the company.

LDK Solar actually beat revenue guidance for the first quarter of 2013 but the struggling PV manufacturer reported losses of US$187.1 million and exited the quarter with US$174.1 million in cash and US$168.4 million in short-term pledged bank deposits.

International developer Mainstream Renewable Energy has formed a joint venture with investor Actis to deploy 600MW of solar and wind projects in Chile by 2016.

Dutch solar energy solutions provider Photon Energy N.V. has debuted on the NewConnect market of the Warsaw Stock Exchange.

A new supply and technology agreement has been signed between DuPont and Yingli Green Energy worth US$100 million.

The previously announced merger of Neo Solar Power (NSP) and Delsolar was successfully completed on May 31, according to Delta Electronics, which owned DelSolar and was a shareholder in NSP.

Google and SolarReserve today announced completion of US$260 million in financing for one of Africa's largest solar projects.