Financial & Legal

Major PVEP (PV energy provider), SunPower Corp said that it reduced production costs by more than 20% in 2013, following-on from a greater than 20% reduction achieved in the previous year.

PV energy provider (PVEP), Canadian Solar is considering increasing production capacity to 3GW in 2014. The SEC filing also revealed that the company had increased module assembly capacity at its plant in Ontario, Canada from 330MW at the end of 2013 to 530MW of as of January 31, 2014.

Suntech Singapore has been ordered to pay Suntech Power Holdings’ immediate subsidiary Power Solar System (PSS) nearly US$264 million.

The Indian government is seeking a US$500 million loan from the World Bank to initiate construction of a planned 4GW solar project in Rajasthan.

Advanced Energy Industries (AE) has said it has begun shipping its new flagship ‘AE 1000NX’ 1MW-sized according to its backlog pipeline to PV projects.

PV equipment and technology specialist, Amtech Systems reported a noticeable rebound in sales for its fiscal first quarter of 2014.

Panasonic reported that it’s Eco Solutions segment that includes its PV module operations increased sales to around US$4.6 billion in the FY2014 third quarter, up around 10% from the same period a year ago.

US installer REC Solar has announced that it is set to focus its future efforts solely on the commercial PV market, offloading its residential segment to solar developer and financier Sunrun.

Roth & Rau, a subsidiary of Meyer Burger, reported a 50% drop in revenue for 2013 compared to the previous year, with increased losses.

Robert Bosch subsidiary, PV module manufacturer aleo solar is to be acquired by Taiwan-based solar cell producer, Sunrise Global Solar Energy and Japanese manufacturing machinery producer, CHOSHU Industry.