Financial & Legal

Minnesota made significant strides in strengthening its solar crediting policies last week, as the state’s Public Utilities Commission (PUC) approved the nation’s first statewide methodology for calculating the value of consumer-generated solar energy.

Suntech Singapore has failed to pay the US$263.9 million awarded to Suntech Power Holdings subsidiary Power Solar System (PSS).

Major tier one PV manufacturer JA Solar reported better than guided shipments for the fourth quarter of 2013, while ending two years of quarterly losses on revenue of US$357.3 million.

Enel Green Power reported strong annual results as its parent company announced plans to increase investment in emerging markets and renewable energy.

The Swiss Federal Council has approved changes to the country’s energy regulations that will allow small PV system owners to consume the electricity they generate.

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.