Financial & Legal

Juwi has secured a new €300 million (US$377 million) finance package, clearing a key hurdle for its proposed takeover by MVV Energie.

A Chinese billionaire and one of the countries’ leading sportswear brands have invested US$140 million in project developer, SPI Solar.

Global solar developer, SunEdison, has closed a US$146 million debt facility to build 81.7MW of solar in the Central American country, Honduras.

Global PV module manufacturer, Hanwha SolarOne’s Qidong, Jiangsu subsidiary has been given a US$23 million loan.

The joint provisional liquidators (JPL’s) of Cayman Islands registered LDK Solar are to hand back management of the bankrupt firm to its management.

Taiwan-based solar cell producer, Gintech Energy, reported a major turnaround in monthly sales for November, having seen a slide since June, due to the US anti-dumping case.

Trina Solar, newly crowned as 2014’s top module manufacturer, is buying a minority stake in Shuntai Leasing in a move aimed at underpinning its downstream and manufacturing growth plans.

A new finance venture backed by SunEdison founder Jigar Shah, will focus on selling the benefits of renewables and resource efficiency measures, putting technical innovation to one side.

Renewable energy developer NextEra Energy is set to merge with Hawaii’s main electricity provider, Hawaiian Electric Industries, in a deal worth around US$4.3 billion, it was announced yesterday.

India has scrapped excise duty for off-grid rooftop solar systems.