Financial & Legal

Renewable energy company First Wind announced that the Idaho Public Utilities Commission has approved sale agreements with five proposed First Wind PV projects and the Idaho Power Company.

Canadian Solar Solutions, a subsidiary of solar power company Canadian Solar, has successfully sold two 10MW AC PV plants in Canada — DiscoveryLight and FotoLight — to equity investment company Renewable Energy Trust Ontario Holdings.

The previously announced plan to merge Hanwha Q CELLS into Hanwha SolarOne will enable the company to supply at least 600MW of PV modules to the US in 2015 that would be tariff-free.

PV project developer and EPC, SPI Solar has struck a deal with bankrupt LDK Solar to settle its outstanding debt in relation to past module shipment orders.

Public Service Enterprise Group (PSEG)’s Solar Source subsidiary has acquired a 12.9MW solar power plant from Colorado based solar generator, juwi.

Leading Chinese polysilicon and wafer manufacturer GCL-Poly is to abandon plans for the US$1.3 billion sale of its wafer business.

Québec-based power producer, Boralex has made an offer to acquire Enel Green Power’s French subsidiary.

Juwi has secured a new €300 million (US$377 million) finance package, clearing a key hurdle for its proposed takeover by MVV Energie.

A Chinese billionaire and one of the countries’ leading sportswear brands have invested US$140 million in project developer, SPI Solar.

Global solar developer, SunEdison, has closed a US$146 million debt facility to build 81.7MW of solar in the Central American country, Honduras.