Financial & Legal

The largest merchant solar cell producer, Neo Solar Power (NSP), has raised approximately US$120 million in a bond issue.

Sharp Corporation is exiting its a-Si thin-film joint venture in Europe with Enel at a cost of around US$141 million.

PV manufacturer SolarWorld has agreed to pay a penalty payment to an unidentified polysilicon supplier for changing terms on a long-term supply deal.

Residential PV installer, Sungevity, has unveiled a new form of technology that can determine PV installation quotes instantly with nothing more than a given street address.

Prime Minister Narendra Modi’s first budget has been delivered with a number of tax advantages for the solar industry revealed.

US residential installer Astrum Solar will receive US$100 million in financing from private equity firm Hudson Clean Energy, aimed at lowering PV system costs for its customers.

Two of the most iconic names in the semiconductor equipment market, Applied Materials and Tokyo Electron, have been dropped as part of the merger between the companies.

Major Taiwanese PV suppliers such as Motech Industries, Neo Solar Power, Gintech Energy and Green Energy Technology all experienced revenue declines in June 2014 due to pending preliminary decisions on possible anti-dumping duties.

The DEK brand, including that of PV screen printing specialist, DEK Solar is to be retained as the acquisition of the company was completed, according to ASM subsidiary, ASM Pacific Technology (ASMPT).

Iran is planning to spend US$60 million on solar projects this year, up from US$12 million last year, according to reports.