Financial & Legal

The Solar Energy Industries Association (SEIA) announced its support for new legislation presented in the Massachusetts State Senate and House of Representatives that would permit public and private distributed generation (DG) projects to continue, while also expanding the solar energy industry across the state.

GT Advanced Technologies (GTAT) has secured a major US$336 million polysilicon equipment and technology deal with Cosmos Chemicals Berhad as part of plans to build a 25,000MT integrated polysilicon plant in Sarawak, Malaysia.

JA Solar’s PV module shipments are projected to grow at a strong 44% CAGR through 2015, according to ROTH Capital equity analyst, Philip Shen.

Indian PV manufacturer Indosolar has asked to have its debt restructured because it says low equipment prices mean it is unable to make a profit.

Flexible CIGS thin-film firm, Ascent Solar surpassed US$1 million in annual revenue for the second time since it started operations in 2005.

Chinese PV manufacturer Chaori Solar has become China’s first firm to default on a domestic bond after missing an interest repayment.

SolarWorld has reported preliminary 2013 financial results, highlighting its continued bankability issues in key historical markets such as Germany during its lengthy financial restructuring phase.

Solar crowdfunding service Mosaic is to offer loans to homeowners in California for PV systems.

Kenya’s solar feed-in tariff is insufficient for projects to be viable and should be entirely reviewed, according to the head of a company looking to develop large-scale PV plants in the country.

Trina Solar reached PV module shipments in 2013 of approximately 2.58GW, over 1GW above shipment levels achieved in 2012. Due to expected strong demand in 2014, the company guided shipments to increase a further 1GW to between 3.6GW to 3.8GW.