Japan's Shinsei Bank has signed a project financing agreement with Japan Renewable Energy to provide a ¥10 billion (US$97 million) loan to fund the development of 40MW worth of PV projects.
Applied Materials reported a surprise GAAP operating loss for its Energy and Environmental Solutions (EES) segment of US$322 million that included impairment charges of US$278 million. Non-GAAP operating loss was US$34 million.
Struggling LDK Solar has reported a net loss of US$1.05 billion in 2012, the starkest figure in an annual report containing volumes of negative financial figures.
SMA Solar Technology is continuing to tout the expectation that a dire PV market this year will lead to the company making further headcount reductions.
First quarter 2013 new order intake at manufacturing equipment specialist Singulus Technologies may have been at a low level but sales in the quarter increased to €22.8 million.
Having lost its line of credit from its banks, Germany-based PV supplier Sunways, majority-owned by struggling Chinese manufacturer LDK Solar, has been forced into insolvency proceedings.
The governing body of the Climate Investment Funds (CIF) has approved a modified plan that will see Algeria, Egypt, Jordan, Libya, Morocco and Tunisia install over 1.1GW of concentrated solar power (CSP) capacity in the region.
