Financial & Legal

JA Solar’s PV module shipments are projected to grow at a strong 44% CAGR through 2015, according to ROTH Capital equity analyst, Philip Shen.

Indian PV manufacturer Indosolar has asked to have its debt restructured because it says low equipment prices mean it is unable to make a profit.

Flexible CIGS thin-film firm, Ascent Solar surpassed US$1 million in annual revenue for the second time since it started operations in 2005.

Chinese PV manufacturer Chaori Solar has become China’s first firm to default on a domestic bond after missing an interest repayment.

SolarWorld has reported preliminary 2013 financial results, highlighting its continued bankability issues in key historical markets such as Germany during its lengthy financial restructuring phase.

Solar crowdfunding service Mosaic is to offer loans to homeowners in California for PV systems.

Kenya’s solar feed-in tariff is insufficient for projects to be viable and should be entirely reviewed, according to the head of a company looking to develop large-scale PV plants in the country.

Trina Solar reached PV module shipments in 2013 of approximately 2.58GW, over 1GW above shipment levels achieved in 2012. Due to expected strong demand in 2014, the company guided shipments to increase a further 1GW to between 3.6GW to 3.8GW.

Major US residential PV provider, Vivint Solar has secured new tax equity transactions that would enable the company to fund around US$280 million worth of PV system installations.

JinkoSolar reported total shipments over 1.9GW and revenue of US$1.17 billion in 2013, with full-year profitability secured and becomes the first China-based tier 1 PV manufacturer to do so after more than two years of losses within the sector.