Financial & Legal

China-based PVEP, Hareon Solar Technology has signed a number of project development deals in China and Turkey totalling around 3,350MW. The company has also secured lines of credit with two Chinese banks totalling 20 billion Yuan (US$3.25 billion).

The government has promised to support all domestic solar manufacturing and plants should run at full capacity and expand.

UK-based merchant solar wafer producer, PV Crystalox Solar reported increased shipments and revenue but margin decline due to lower wafer selling prices and stable polysilicon purchase pricing led to a loss in the first half of 2014.

Major PVEP, SunEdison has secured funds from Barclays and Citi banks totalling US$160 million to be used for distributed generation (DG) projects in the US.

Major tier-1 integrated PV manufacturer JA Solar reported second quarter financial results within guidance but raised full-year shipment guidance on the back of stronger than expected demand in China.

PV module assembly equipment specialist, Komax Solar has finally been sold to its existing management team in a buyout that will make the company independent, sometime in the second half of 2014.

Kam Mofid has stepped aside as CEO of Real Goods Solar (RGS) with the company’s residential solar chief, Dennis Lacey, named as his successor.

Dubai Electricity and Water has shortlisted developers for the tender for the 100MW second phase of Mohammed Bin Rashid Al Maktoum Solar Park.

Shunfeng Photovoltaic International has secured a RMB20 billion (US$3.25 billion) line of credit.

Australian based renewable energy developer, CBD Energy, has bought a 30% stake of the Environmental Engineering Group (EEG) Thailand.