Shunfeng Photovoltaic International, the Chinese manufacturing and project developer, is to issue convertible bonds worth around HK$2.8 billion (US$361 million) to fund its ongoing downstream expansion.
Singapore-based PV module manufacturer REC Solar expects to sell its full module manufacturing capacity output in 2014, further indicating a turnaround in fortunes after restructuring.
GT Advanced Technology (GTAT) was suffering from sapphire yield issues at its Arizona production plant, according to a consensus of financial analysts and equipment suppliers that PV Tech spoke to during Solar Power International, held in Las Vegas last week.
Soitec Solar Development, a subsidiary of semiconductor manufacturer Soitec, has agreed a 150MW module deal with a North American PV energy provider. The customer has a power purchase agreement with San Diego Gas & Electric (SDG&E) for the solar project in California.
The US Department of Energy SunShot Initiative granted solar financier Mosaic a second award in the amount of US$650,000 to support its home solar loan programme that should help the initiative’s mission to make solar a cost-competitive form of electricity by the end of the decade.
SunEdison has been awarded 17.7MW of distributed generation across 30 PV projects in California, with investors in the company’s ‘yield co’ TerraForm Power likely to benefit.
