Having received court judgements on non-repaid loans from Suntech Power Holdings, some of the small bondholders are seeking Chapter 7 bankruptcy proceedings against the company.
The European Commission has announced a list of 140 electricity projects that will be fast tracked and have access to a funding pot of €5.85 billion (US$7.9 billion).
Investment in clean energy in the third quarter of 2013 was down 20% year-on-year, marking a “worrying” loss of momentum in the sector, according Bloomberg New Energy Finance.
The International Finance Corporation (IFC), an arm of the World Bank, is planning to launch a new financing facility to pump-prime small-scale PV development in emerging markets, PV Tech has learned.
Shunfeng Photovoltaics International, the company revealed yesterday as a bidder for struggling Wuxi Suntech, has secured a HK$980,000,000 (US$126,000,000) loan to expand its PV project development business.
Mercom Capital has published its Q3 2013 Solar Funding and M&A Report, in which the clean energy communications and consultancy firm claims that total corporate funding, global venture capital funding and solar mergers and acquisitions activities all showed increases from the previous quarter.
Self-consumption and other new business models for PV “can reduce and ultimately suppress the reliance on dedicated financial support”, according to Marie Latour, senior national policy advisor at the European Photovoltaic Industry Association.
