Financial & Legal

Inverter manufacturer Enphase Energy reported revenue of US$57.6 million for the first quarter of 2014, up 26% on the same period last year.

PV equipment specialist, centrotherm reported first quarter 2014 revenue of €39.5 million of which around 50% was attributed to payments on its turnkey polysilicon plant being built for Qatar Solar Technologies (QSTec) in Qatar.

Banking giant Wells Fargo has invested US$100 million of tax equity financing in nine PV projects in North Carolina.

Bankrupt German-based PV firm, Sunways has sold its PV inverter and BIPV businesses to Shunfeng Photovoltaic for an undisclosed sum.

Advanced thermal processing equipment supplier, BTU International has reported first quarter 2014 sales of US$11.7 million, up 6.3% compared the previous quarter.

Despite a booming domestic market, Japanese electronics giant Panasonic reported stagnant PV module system sales for financial year 2013.

DuPont said that its DuPont Apollo amorphous silicon (a-Si) thin-film module manufacturing subsidiary’s operations would be permanently closed by the end of 2014.

Beleaguered German PV developer, SAG Solarstrom, has given an upbeat assessment of its prospects of finding the necessary investment to allow it to continue operation.

PV module manufacturer REC Solar ASA has confirmed plans to expand capacity at its integrated plant in Singapore by 300MW at a cost of around US$70 million.

Embattled wafer manufacturer LDK Solar’s China-based subsidiary has secured a 765MW supply deal with a Taiwanese PV firm.