Financial & Legal

The company noted that it could not pay accrued interest and fees, which could result in the bank foreclosing. SPI Solar had total company deficit of US$56.1 million at the end of 2013, much of it owed to LDK Solar.

The IPCC has said solar has the largest technical feasibility in mitigating harmful climate change from electricity production “by a large magnitude”.

Taiwan-based solar cell producer, E-Ton Solar Tech Co reported sales of over NT$423 million (US$14 million approx) for the month of March.

Shunfeng Photovoltaic International is planning to issue convertible bonds totalling US$296.6 million to support its PV project business plans.

Taiwan-based solar cell and module manufacturer Gintech Energy reported a significant jump in revenue for the month of March 2014.

Major tier-1 PV manufacturer, Trina Solar has significantly reduced module shipment guidance for the first quarter of 2014, due to weakness in orders from the EU because of a pending price adjustment being ratified by EU and Chinese authorities as part of an anti-dumping agreement.

German-based PV module manufacturer, aleo solar expects first quarter 2014 revenue to be around €11.6 million, a 62.7% fall from the same quarter of 2013.

Leading PV Manufacturer, Yingli Green has said that delays in obtaining construction approvals for PV projects planned in Algeria were behind the need to lower first quarter 2014 module shipment guidance.

Dubai-based investment company Adenium Energy Capital is to co-develop a 10MW PV power plant in Jordan.

China Merchants New Energy Group (CMNEG) has extended its stake in United Photovoltaics, formerly Goldpoly.