Financial & Legal

Shunfeng Photovoltaic is planning to place a 10-year convertible bond valued at HK$3,580,000,000 (US$461.77 million) with selected investors to pay for the US$492.3 million acquisition of Wuxi Suntech via court administrators in China.

Major tier one PV manufacturer, Trina Solar, is to take over operations of tier two module manufacturer, NESL Solartech, and expand capacity to 500MW.

Manufacturing equipment firm Manz AG has raised around €26.9 million (US$36.6 million) an increase in cash capital, to be used for the ‘internal and external growth of the company’.

The Asian Development Bank (ADB) will help Uzbekistan to build a 100MW solar project, the country's first utility-scale solar power plant.

A solar survey in parallel with the Clean Energy Finance Corporation (CEFC) – or abolition Bill 2013 entering the senate reveals Australians love solar.

SolarCity has completed the US$54.4 million funding round, the first secured against solar energy assets.

Solar companies Conergy and Camborne Energy have announced the sale of a planned 40MW solar farm portfolio to investor Primrose Solar.

Wafer producer PV Crystalox Solar has said it expects shipments to be at the high end of its mid-year guidance of 160-180MW.

Chinese renewable energy project developer, Focusic New Energy Holding, has secured a loan of CNY200 million (US$32.8 million), from the China development bank.

The second of two major projects SunEdison is expecting to complete in Chile during the first quarter of 2014 has received project financing of US$100.4 million from the Overseas Private Investment Corporation (OPIC), the US government's development finance institution and IFC, a member of the World Bank Group.