Tokyo Electron (TEL) has announced plans to discontinue its ‘micromorph’ turnkey thin-film production line operations, which it acquired after buying Oerlikon Solar in 2012.
Major polysilicon producer, Wacker Chemie, said it would benefit from a one-time windfall of around €115 million in the first quarter of 2014 due to the restructuring of a supply contract with an undisclosed solar PV customer.
SunPower has secured a US$220 million loan from Bank of America Merrill Lynch (BofAMerrill) to support its next wave of residential solar lease projects in the US.
Stocks in a large-number of PV companies were heavily sold-off last Friday on the same day erroneous market forecasts for PV demand in China and misinterpretation of recent Chinese Government agencies commitment targets for the sector in 2014 emerged.
Investment groups Equis Funds and Partners Group have raised ¥26.1 billion (US$250 million) of equity to fund utility-scale solar power stations for developer Nippon Renewable Energy through a joint investment platform, Japan Solar.
Aside from traditional solar PV module manufacturing product warranties JA Solar in collaboration with Solar Insurance and Finance (Solarif) is offering customers solar project insurance.
Canadian-based private equity firm, JCM Capital has launched a targeted fund of up to US$150 million to support PV power plant projects in Latin and South America and Sub Saharan Africa.
Equipment leasing and financing firm, First US Finance has launched a new vendor programme designed to provide increased opportunities for clients to provide financing to customers.
