PV project developer, SPI Solar has completed the acquisition of Sinsin Renewable Investment Limited (SRIL) in cash and shares totalling US$91.7 million on plans to develop 360MW of projects, primarily in Greece.
The closure of Masdar PV’s a-Si thin-film operations that were announced in May, 2014 has subsequently and inevitably led to the sale of the production line equipment, which will take place in an online auction conducted by Maynards on October 8.
First Solar has welcomed a new US$1 billion loan agreement between the US Export-Import Bank and the Indian Renewable Energy Development Agency (IREDA).
The Overseas Private Investment Corporation (OPIC) has issued its first green guaranties to US investors to back climate-friendly projects, with US solar firms expected to benefit.
Leading US PV installer SolarCity has broken ground on its new 1GW fab in New York State, where it will manufacture modules with Silevo, the West Coast start-up it acquired earlier this year.
Solar prices in the US in 2013 fell by a further 15% year on year, a study from the Department of Energy and Lawrence Berkeley National Laboratory has found.
Three of Cayman Islands-registered LDK Solar’s US-based subsidiaries are to file for Chapter 11 bankruptcy, supporting attempts to restructure rather than fold the company.
