Financial & Legal

Canadian Solar Solutions, a subsidiary of solar power company Canadian Solar, has successfully sold two 10MW AC PV plants in Canada — DiscoveryLight and FotoLight — to equity investment company Renewable Energy Trust Ontario Holdings.

The previously announced plan to merge Hanwha Q CELLS into Hanwha SolarOne will enable the company to supply at least 600MW of PV modules to the US in 2015 that would be tariff-free.

PV project developer and EPC, SPI Solar has struck a deal with bankrupt LDK Solar to settle its outstanding debt in relation to past module shipment orders.

Public Service Enterprise Group (PSEG)’s Solar Source subsidiary has acquired a 12.9MW solar power plant from Colorado based solar generator, juwi.

Leading Chinese polysilicon and wafer manufacturer GCL-Poly is to abandon plans for the US$1.3 billion sale of its wafer business.

Québec-based power producer, Boralex has made an offer to acquire Enel Green Power’s French subsidiary.

Juwi has secured a new €300 million (US$377 million) finance package, clearing a key hurdle for its proposed takeover by MVV Energie.

A Chinese billionaire and one of the countries’ leading sportswear brands have invested US$140 million in project developer, SPI Solar.

Global solar developer, SunEdison, has closed a US$146 million debt facility to build 81.7MW of solar in the Central American country, Honduras.

Global PV module manufacturer, Hanwha SolarOne’s Qidong, Jiangsu subsidiary has been given a US$23 million loan.