Financial & Legal

There will be almost no new utility-scale solar in the US in 2017 following the cut to the investment tax credit (ITC), according to GTM Research.

Solar Enhanced Oil Recovery (EOR) leader GlassPoint Solar is set to receive a US$53 million equity investment from the State General Reserve Fund –- Oman’s largest sovereign wealth fund – Royal Dutch Shell and other investors.

Side-stepping the trend towards yield co financial structures, major PVEP Canadian Solar has secured a PV project financing partnership with China’s Sichuan Development Investment Management firm, part of the local Sichuan government.

Taiwan-based solar cell producer, Gintech Energy Corp reported a third consecutive slump in monthly sales.

China-based PV manufacturer and developer Hareon Solar Technology has signed another PV framework agreement totalling 100MW with Hakusan Municipal Economic Development Zone in Baishan city.

Taiwan-based solar wafer producer, Green Energy Technology (GET) has said it is considering establishing an overseas module assembly plant with sister company, Gintung.

LDK Solar’s Cayman Island liquidators with the support of two major investors are attempting to start restructuring proceedings in Hong Kong of LDK Solar’s key asset, its polysilicon production operations, LDK Silicon & Chemical Technology Co.

Sharp Corporation could be preparing to sell on Recurrent Energy, the US PV project developer it acquired in 2010, according to news reports.

The China National Building Materials Group Corporation (CNBM) has completed its acquisition of German CIS thin-film module manufacturer Avancis.

China-based PV manufacturer and developer Hareon Solar said a framework agreement had been signed with real estate developer, Jiangshan Yongtai Investment Holdings to develop ground and distributed generation (DG) projects totalling as much as 1GW over the next three years.