PV project developer, SPI Solar is raising US$43.8 million in a private placement with a subsidiary of Evergrande Real Estate Group, said to be one of the largest real estate developers in China.
Conergy is selling its US solar distribution business to Soligent a major PV products distributor in the country for an undisclosed sum. As a result, Conergy is focusing on its PV project business in US.
In a shock move, major PV equipment provider, GT Advanced Technologies (GTAT) said it would file for chapter 11 bankruptcy in the District of New Hampshire, US.
Taiwan-based wafer producer, Sino-American Silicon (SAS) saw a rebound in flagging sales in September, due to the fall-out in orders due to the US anti-dumping case.
PV project developer, SPI Solar has completed the acquisition of Sinsin Renewable Investment Limited (SRIL) in cash and shares totalling US$91.7 million on plans to develop 360MW of projects, primarily in Greece.
The closure of Masdar PV’s a-Si thin-film operations that were announced in May, 2014 has subsequently and inevitably led to the sale of the production line equipment, which will take place in an online auction conducted by Maynards on October 8.
First Solar has welcomed a new US$1 billion loan agreement between the US Export-Import Bank and the Indian Renewable Energy Development Agency (IREDA).
The Overseas Private Investment Corporation (OPIC) has issued its first green guaranties to US investors to back climate-friendly projects, with US solar firms expected to benefit.
