Financial & Legal

China Solar Energy Holdings has released a statement confirming one of the executives facing fraud allegations has been bailed.

US thin-film giant First Solar has seen its third quarter sales surge 51% compared to the same period last year.

US-based manufacturer SunPower has raised its outlook for 2013, predicting revenues of between US$2.52 billion US$2.57 billion.

German state development bank KfW is to provide €654 million (US$900 million) for a Moroccan CSP project.

Canadian Solar has signed an agreement with Deutsche Bank for a CAD$104 million (US$99.5 million) loan.

PV equipment supplier, BTU International, has reported third quarter net sales of US$12.0 million, down 15.7% compared to US$14.2 million in the preceding quarter as little sales activity was generated from the PV sector.

Investor, Prudential Capital Group, has acquired a stake in a 130MW California PV project owned by independent power producer, Tenaska.

Hemlock Semiconductor continued to report positive financial results in the third quarter of 2013, despite the imposition by China of anti-dumping duties on imported polysilicon, notably from the US.

Wafer manufacturer, Green Energy Technology (GET), has said that its PV module manufacturing subsidiary, Apollo Solar Energy, is to expand production.

REC management has revealed that demand for both its polysilicon and PV modules remained strong in the third quarter of 2013.