Financial & Legal

Taking advantage of a general run-up in solar sector shares on both the NASDAQ and NYSE, several leading companies are planning to sell new tranches of stock, including Yingli Green, SunEdison and GT Advanced Technologies.

Goldpoly and the Huabei Expressway company have purchased a 23.8MW rooftop PV plant in Jiangsu Province.

Solar silicon provider Silicor has announced that it has secured new investment as it looks to expands its manufacturing operations.

India’s ministry of new and renewable energy announced the approval of a new solar research and technology institute.

Plans to develop 700MW of desert PV capacity in Punjab, Pakistan, have been approved.

Hanergy Holding is transferring the intellectual property (IP) rights to Solibro’s copper-indium-gallium-selenium (CIGS) thin-film technology to subsidiary, Apollo Kunming.

Renewable energy developer the Juwi Group has secured a €252 million (US$336 million) loan, calling it an “act of faith” in the sector.

Distressed capital management firms, Clearwater Capital Partners and Spinnaker Capital are working with Suntech Power Holdings to prepare a major restructuring plan for the ailing PV module manufacturing, including downsizing through asset sales and a recapitalisation that could mean majority share takeover by unidentified investors.

Japan’s Ministry of Economics, Trade and Industry (METI), has requested an increase in the nation’s clean energy budget of 62%, partly to help relieve bottlenecks of solar power projects.

Running at near full-capacity for the first time since 2010, JA Solar’s quarterly revenue for six consecutive quarters has basically flatlined.