US conglomerate General Electric (GE) will invest in the running of Japan’s largest solar power plant, an ¥80 billion (US$777 million) scheduled for completion in 2018, according to reports in Japanese and international media.
RGS Energy has made the latest in a series of “strategic acquisitions”, signing an agreement to purchase Hawaiian full service solar energy firm Elemental Energy, which trades under the brand name Sunetric.
Market conditions in the PV industry continued to impact PV inverter leader, SMA Solar Technology in 2013, with the company registering a loss of €89.1 million for the full year.
Komax Group has taken its first step away from the solar industry, selling its 51% stake in joint venture (JV) company Komax Jinchen to its Chinese JV partner, Yingkou Jinchen.
US solar provider RGS Energy (Real Goods Solar), which operates in the residential, commercial and utility sectors, has reported full-year results for 2013, in which the company saw revenues rise year on year by 9%.
Led by BofA Merrill Lynch, SolarCity has secured US$250 million in a new financing facility to support the roll-out of more than 200MW of PV system installations in the US.
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.
