The US government has announced plans to smooth the path for the development of commercial-scale solar with US$15 million being set aside for community-lead projects.
Hanergy has signed a memorandum of understanding (MoU) with renewable energy asset management firm Greenbacker Renewable Energy Corporation for the funding of up to 126MW of PV projects in the US.
Plans have been agreed at the aleo solar EGM for the company to wind down through a liquidation, with as much as €50 million (US$69.1 million) of support provided by parent company Robert Bosch in order to avoid bankruptcy proceedings.
The company noted that it could not pay accrued interest and fees, which could result in the bank foreclosing. SPI Solar had total company deficit of US$56.1 million at the end of 2013, much of it owed to LDK Solar.
Major tier-1 PV manufacturer, Trina Solar has significantly reduced module shipment guidance for the first quarter of 2014, due to weakness in orders from the EU because of a pending price adjustment being ratified by EU and Chinese authorities as part of an anti-dumping agreement.
German-based PV module manufacturer, aleo solar expects first quarter 2014 revenue to be around €11.6 million, a 62.7% fall from the same quarter of 2013.
