Shunfeng Photovoltaics International, the company revealed yesterday as a bidder for struggling Wuxi Suntech, has secured a HK$980,000,000 (US$126,000,000) loan to expand its PV project development business.
Mercom Capital has published its Q3 2013 Solar Funding and M&A Report, in which the clean energy communications and consultancy firm claims that total corporate funding, global venture capital funding and solar mergers and acquisitions activities all showed increases from the previous quarter.
Self-consumption and other new business models for PV “can reduce and ultimately suppress the reliance on dedicated financial support”, according to Marie Latour, senior national policy advisor at the European Photovoltaic Industry Association.
System manufacturer and developer, Conergy, has received offers for its production subsidiaries, Mounting Systems and Conergy SolarModule, as insolvency negotiations continue.
The Asian Development Bank is to provide US$500 million for the construction of a power transmission system to link solar and wind plants in Rajasthan, India, to local and national grids.
Clean Power Finance yesterday announced its launch of an online product to match vendors with system service agents - a move that could soothe investor concerns over risks associated with long-term operations and management of residential solar systems.
An Italian court has ordered the seizure of further solar parks constructed by companies associated with Global Solar Fund, the PV power plant investment body in which Chinese manufacturer Suntech is majority shareholder.
Not content with its acquisitions of Solibro, MiaSolé and Global Solar Energy, Hanergy Holding is "aggressively" looking to make further CIGS thin-film IP and company acquisitions as it plans to be the global leader in the sector.
