Financial & Legal

The West African island nation of Cape Verde will receive €55 million (US$75.5 million) of financing between 2014 and 2020 from the European Commission, to assist the development of renewable energy.

Following its exit from PV module manufacturing in 2012, industrial technology firm SCHOTT is seeking a partner to take a majority shareholding in its Concentrated Solar Power (CPS) division.

On a three day visit to China, Pakistan president Manmoon Hussain and minister for Punjab, Shahbaz Sharif met with financial and development companies and banks in Beijing, and signed MoUs for continued investment in solar projects in Pakistan.

The investment arm of Photon Energy has launched a new ‘yield co’ investment vehicle for European solar assets.

Beleaguered PV manufacturer, SolarWorld, has provided an insight into its recovery plan after the financial restructuring of the company is complete, expected by the end of February 2014.

Leading microinverter firm, Enphase Energy, has produced a string of records in reporting fourth quarter 2013 and full-year results.

Major PV energy provider (PVEP), SunEdison, has submitted its first draft registration statement to establish a 'yieldco' financial vehicle.

Module manufacturer Hanwha SolarOne has raised US$21 million from a share issue.

Leading CIS thin-film PV module manufacturer, Solar Frontier reported its first annual profit in 2013, fuelled by the boom in the Japanese market.

In a continued effort to return its Energy and Environmental Solutions (EES) division to breakeven, despite two-years of downsizing and restructuring, Applied Materials said it had reduced EES spending per quarter to US$25 million.