Financial & Legal

Photon Energy Investments (PEI), a division of PV solutions and services company Photon Energy has launched a standardised financing model through its fully-owned subsidiary, Photon Energy Generation Australia (PEGA).

The liquidators of Suntech Power Holdings are to investigate the planned sale of the company’s main Chinese manufacturing unit to Shunfeng Photovoltaic International for possible legal breaches.

China Wind Power (CWP) has been awarded a CNY490 million (US$80 million) of 15-year long term project loans from the China Development Bank (CDB)

German PV project developer SAG Solarstrom has announced that its credit rating was withdrawn on Friday 6 December.

The European Investment Bank (EIB) has made its largest equity investment in clean energy this year, with a €50 million (US$68.5 million) investment into the second Glennmont Fund.

Hanwha Chemical, the owner of PV module manufacturer, Hanwha Q CELLS, has made a US$188.5 million cash injection into the company to expand capacity and expand its downstream PV project business.

Tier one Chinese PV manufacturer, ReneSola has reported another quarter of record shipments and revenue that exceeded guidance as its PV module and OEM business continued to increase.

Renewable energy will benefit from a “decades long” carbon abatement fund, Australia’s environment minister Greg Hunt has claimed.

Manufacturer of PV screen printing equipment, DEK Solar, has been sold as part of a deal between the owner of DEK, Dover Corporation, and ASM Pacific Technology (ASMPT), itself a part of Dutch-based semiconductor equipment supplier ASM International.

Distributed generation (DG) projects expected to be completed in 2013 by SunEdison have received further financial support from asset-based financing firm, De Lage Landen, a subsidiary of Rabobank Group.