Bankrupt PV and sapphire equipment specialist GT Advanced Technologies (GTAT) has been able to secure US$95 million of debtor-in-possession financing to provide working capital needs during its Chapter 11 restructuring efforts.
Off-grid renewables specialist Sunlabob Renewable Energy has secured a US$2.1 million investment from UK-based Truestone Global Impact Fund to fund its international expansion.
PV and polysilicon equipment specialist centrotherm Group reported a return to profitability in 2014 on the back of recovering sales of €189.2 million, driven by an upturn in revenue from PV equipment sales and progress on building a polysilicon plant in Qatar.
Beleaguered German inverter manufacturer, SMA Solar, has ended the fiscal year with sales slightly higher than expected but still down 13.6% on 2013 and with an operating loss almost twice as large as last year’s.
Tier-one PV manufacturer SolarWorld has reported that total shipments increased 55% in 2014 and guided shipments in 2015 to increase a further 25% and surpass 1GW.
Panasonic Eco Solutions Canada is working together with PNC Equipment Finance, a division of the PNC Bank Canada Branch, in order to provide a new financing platform for PV plants as small as 500kW in Ontario, Canada.
Major merchant solar cell producer Neo Solar Power (NSP) reported a modest decline in revenue for February 2015 due to the shorter working month and Chinese New Year.
