Duke Energy Renewables has granted turnkey engineering, procurement and construction (EPC) services to Swinerton Renewable Energy for its Pumpjack and Wildwood PV projects located in Bakersfield, California.
Although the shutdown of its Sichuan Phase I polysilicon production line impacted profitability in 2013, tier one PV manufacturer, ReneSola reported a 142.5% year-on-year increase in PV module shipments, reaching 1,728.8MW with plans to reach 2.5GW in 2014.
Market research firm, IHS has made further tweaks to its PV manufacturing capital expenditure forecast, highlighting another US$430 million is expected to be spent in 2014 with the total reaching US$3.8 billion by year-end.
As part of the expected IPO of SunEdison’s semiconductor wafer and polysilicon operations into SunEdison Semiconductor Limited (SSL), Samsung Fine Chemicals is planning to purchase US$100 million in shares in the spin-off company in private placement.
Shunfeng Photovoltaics is expected to need US$1.26 billion in working capital requirements for the next 12 months once its takeover of Wuxi Suntech is finalised, financial filings reveal.
PV developer American Capital Energy (ACE) has begun construction on nine solar power projects totalling 22MW on Cape Cod and Martha’s Vineyard, Massachusetts.
Sungrow Power Supply reported more than a doubling of PV inverter sales and shipments in 2013, supported by its first move advantage and leadership position in the rapidly growing Chinese market.
The largest US solar installer, SolarCity deployed 280MW of PV installations in 2013, with plans to top 500MW in 2014 as it continues to race towards installing as much PV as possible before US tax equity incentive schemes are significantly reduced in 2017.
