Financial & Legal

Tier one Chinese PV manufacturer, ReneSola has reported another quarter of record shipments and revenue that exceeded guidance as its PV module and OEM business continued to increase.

Renewable energy will benefit from a “decades long” carbon abatement fund, Australia’s environment minister Greg Hunt has claimed.

Manufacturer of PV screen printing equipment, DEK Solar, has been sold as part of a deal between the owner of DEK, Dover Corporation, and ASM Pacific Technology (ASMPT), itself a part of Dutch-based semiconductor equipment supplier ASM International.

Distributed generation (DG) projects expected to be completed in 2013 by SunEdison have received further financial support from asset-based financing firm, De Lage Landen, a subsidiary of Rabobank Group.

Alterra Power Corp, a renewable energy company headquartered in British Columbia, Canada, has sold a 10% stake in a 50MW solar power plant in Ontario to a consortium headed by Fiera Axium Infrastructure.

Hanergy Solar is set to receive significant investment from its parent company as it prepares to ramp up its thin-film production capacity.

Shunfeng Photovoltaic is planning to place a 10-year convertible bond valued at HK$3,580,000,000 (US$461.77 million) with selected investors to pay for the US$492.3 million acquisition of Wuxi Suntech via court administrators in China.

Major tier one PV manufacturer, Trina Solar, is to take over operations of tier two module manufacturer, NESL Solartech, and expand capacity to 500MW.

Manufacturing equipment firm Manz AG has raised around €26.9 million (US$36.6 million) an increase in cash capital, to be used for the ‘internal and external growth of the company’.

The Asian Development Bank (ADB) will help Uzbekistan to build a 100MW solar project, the country's first utility-scale solar power plant.