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.
SolarWorld’s chairman and chief executive, Frank Asbeck, has sold five tranches of shares in the company in the last week, taking his shareholding to 19.72%, according to financial filings.
