Financial & Legal

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.

Utah’s Public Services Commission has rejected for now proposals for a net metering charge on solar users in the state.

Major monocrystalline wafer producer, LONGi Silicon Materials has reported wafer sales of 789MW for the first half of 2014, an increase 41% compared to the same period a year ago.

Swiss independent power producer Etrion announced this morning that it has closed project financing on 34MW of solar PV projects that the company is building in partnership with Hitachi Hi-Tech in Japan.

Clean energy fund manager Glennmont Partners has raised €500 million (US$657 million). The fund, Glennmont’s second, exceeded its €450 million target.

GCL Poly has secured two new credit lines worth a total of US$490 million. Downstream affiliate GCL New Energy also confirmed it had secured a 95% interest in a project in Jiangsu Province.