Financial & Legal

India’s energy minister, Piyush Goyal has said the nation’s solar target is to be multiplied to 100GW by 2022.

PV manufacturer China Sunergy (CSUN) has signed a memorandum of understanding (MOU) with Deniz Finansal Kiralama (DenizLeasing), that will see the pair offer solar through leasing in Turkey.

PV module assembly equipment specialist, Spire Corporation reported third quarter 2014 revenue of US$3.7 million and nine months revenue of US$11.7 million, a 6% increase over the prior year period.

The US Department of Energy loans guarantee programme has made more from interest payments than it lost on failed companies such as Solyndra.

Ahead of its financial analyst day event, major PV energy provider SunPower has pre-released financial guidance for 2015, while announcing its highly anticipated next wave of manufacturing capacity expansions.

High-tech manufacturing equipment firm, Manz AG reported record revenue for the first nine months of 2014, driven by its Flat Panel Display segment, which generated €179.9 million from the total revenue of €250.9 million.

Labor refused to scrap Australia’s Renewable Energy Target (RET), and has now left negotiations to have the policy slashed.

The US subsidiary of China-based tier-one PV module manufacturer, JinkoSolar, has secured a two-year line of credit of US$20 million to support US working capital and business operational needs from Wells Fargo Bank, National Association.

Major PV energy provider, SunPower, is to acquire SolarBridge Technologies, a US-based small-cap microinverter firm for an undisclosed sum.

The largest polysilicon producer, GCL-Poly Energy Holdings and a group of other investors are to take a majority shareholding in bankrupt PV module manufacturer, Shanghai Chaori Solar. The company also announced plans to dispose of its wafer production business, which has recently been expanded to a nameplate capacity of 13GW.