Financial & Legal

JinkoSolar has secured US$225 million in fresh investment for its solar projects business and has revised its project forecast up from 400 to 600MW.

The US Securities and Exchange Commission has lodged charges against a company that it claims sought to dupe investors into backing a non-existent solar plant joint venture.

Leading PV inverter manufacturer, SMA Solar Technology has announced a further round of restructuring with heavy job losses after drastically lowering its revenue forecast for the year.

Hanergy Solar Group has proposed a name change to better reflect its focus on thin-film PV technologies.

PV technology start-up, Solar3D, has reported second quarter revenue of US$7.5 million due to continued growth in small-scale PV installations of its subsidiary Solar United Network (SUNworks), acquired at the beginning of the year.

The initial public offering (IPO) of SunEdison’s TerraForm Power yield co has exceeded expectations, according to the company.

Thin-film PV module developer and manufacturer Ascent Solar Technologies, Inc. has reached an agreement with investors that will see the company secure US$32 million in senior secured notes and warrants in order to buy shares of its common stock in a private placement.

Tier-one PV manufacturer, ReneSola has said that a new framework agreement with Chinese retailer, China Seven Star Holdings, could lead to the sale of around 200MW of existing and planned PV projects within 18 months.

PV module manufacturer, SolarWorld, has received shareholder approval to raise additional capital.

US PV energy provider SunEdison’s yield co subsidiary, TerraForm, will begin trading on the NASDAQ stock exchange today.