Financial & Legal

DE Shaw Renewable Investments (DESRI) and Bright Plain Renewable Energy BPRE) have bought five solar farms in Tulare County, California from Macquarie Capital.

Solar venture capital investments increased by over US$60 million in the second quarter of 2013, having hit a record low in the first part of the year.

Gehrlicher Solar has blamed its application for insolvency on the EU’s anti-dumping measures.

GE Ventures, part of global power equipment giant General Electric, has taken part in a US$15 million equity investment in leading US solar rooftop installer Sungevity.

PV equipment specialist, Spire Corporation, has been delisted from the NASDAQ stock exchange after failing to restore its share price to the US$1.00 per share minimum after 360 days.

The gulf in confidence separating the downstream and upstream solar markets continues to grow as investments in third party lease companies continue to boom, according to second quarter data released by the Cleantech Group yesterday.

Having received an unspecified capital injection, CIGS thin-film start-up Solarion has successfully exited insolvency proceedings.

Silicon Valley giant Apple is planning a 20MW solar installation to power a new data centre the company is building in Nevada.

PV Crystalox Solar has sold its polysilicon production operations in Bitterfeld, Germany to the former management team, contributing €12.3 million to the renamed Silicon Products Research Engineering Production in the process.

A select group of Suntech Power Holdings bondholders have agreed a second time extension to talks over its US$541 million debt payment default.