As part of the expected IPO of SunEdison’s semiconductor wafer and polysilicon operations into SunEdison Semiconductor Limited (SSL), Samsung Fine Chemicals is planning to purchase US$100 million in shares in the spin-off company in private placement.
Shunfeng Photovoltaics is expected to need US$1.26 billion in working capital requirements for the next 12 months once its takeover of Wuxi Suntech is finalised, financial filings reveal.
PV developer American Capital Energy (ACE) has begun construction on nine solar power projects totalling 22MW on Cape Cod and Martha’s Vineyard, Massachusetts.
Sungrow Power Supply reported more than a doubling of PV inverter sales and shipments in 2013, supported by its first move advantage and leadership position in the rapidly growing Chinese market.
The largest US solar installer, SolarCity deployed 280MW of PV installations in 2013, with plans to top 500MW in 2014 as it continues to race towards installing as much PV as possible before US tax equity incentive schemes are significantly reduced in 2017.
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.
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.
