Financial & Legal

PV project developer, SPI Solar, has completed its private placement of newly issued shares that raised a total of US$21.75 million in new funding.

Shunfeng Photovoltaic International has postponed a large stock share issue announced in May 2014 due to recent volatility on international and Hong Kong stock markets.

Pacific Energy Solutions, LLC (PES) has received a US$334 million contract from the Naval Facilities Engineering Command (NAVFAC) Pacific to develop, built, own and operate PV plants at military bases in Hawaii.

US-based solar installer Greenskies Renewable Energy has reached a US$82 million financing deal with Dutch multinational company Rabobank that will see Greenskies finance more than 60 solar projects in Connecticut and three other states, HartfordBusiness.com reports.

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.