The acquisition by Amtech Systems of BTU International was pre-planned to be completed and the company assimilated into Amtech ahead of the next capacity expansion phase by major PV manufacturers, according to Paul van der Wansem, chairman and CEO of BTU International.
TerraForm Power, the spin-off yield co unit of US PV provider SunEdison, has added to its growing portfolio with 77.6MW of distributed generation solar plants in the US.
SunEdison has agreed a US$130 million non-recourse debt financing deal with CorpBanca and BBVA for the funding to construct a 69.5MW solar power plant in Chile.
Major PVEP SunPower reported higher GAAP revenue in the third quarter than previously guided due to increase sales in the US that offset weakness in Japan and Europe.
Shunfeng Photovoltaic International, the Chinese manufacturing and project developer, is to issue convertible bonds worth around HK$2.8 billion (US$361 million) to fund its ongoing downstream expansion.
Singapore-based PV module manufacturer REC Solar expects to sell its full module manufacturing capacity output in 2014, further indicating a turnaround in fortunes after restructuring.
GT Advanced Technology (GTAT) was suffering from sapphire yield issues at its Arizona production plant, according to a consensus of financial analysts and equipment suppliers that PV Tech spoke to during Solar Power International, held in Las Vegas last week.
Soitec Solar Development, a subsidiary of semiconductor manufacturer Soitec, has agreed a 150MW module deal with a North American PV energy provider. The customer has a power purchase agreement with San Diego Gas & Electric (SDG&E) for the solar project in California.
