Financial & Legal

Module manufacturer REC Solar is to be liquidated and delisted following its recently announced sale to China’s Bluestar Elkem.

Leading PV manufacturer, Yingli Green Energy has slashed full-year module shipment guidance that indicates almost zero shipment growth for 2014.

The election, the end of anti-dumping as well as recent changes to coal in India, will spur growth in the industry for 2015, according to an industry report.

Major PV manufacturer, JinkoSolar reported a record high 758.1MW of module shipments in the third quarter of 2014, while guiding shipments of over 1GW in the fourth quarter.

Brazil’s Energy Research Company (EPE) announced this week 179 solar power projects, totalling 4.872GW are to bid for tenders in the upcoming national A-5 energy auction.

India’s energy minister, Piyush Goyal has said the nation’s solar target is to be multiplied to 100GW by 2022.

PV manufacturer China Sunergy (CSUN) has signed a memorandum of understanding (MOU) with Deniz Finansal Kiralama (DenizLeasing), that will see the pair offer solar through leasing in Turkey.

PV module assembly equipment specialist, Spire Corporation reported third quarter 2014 revenue of US$3.7 million and nine months revenue of US$11.7 million, a 6% increase over the prior year period.

The US Department of Energy loans guarantee programme has made more from interest payments than it lost on failed companies such as Solyndra.

Ahead of its financial analyst day event, major PV energy provider SunPower has pre-released financial guidance for 2015, while announcing its highly anticipated next wave of manufacturing capacity expansions.