Financial & Legal

Having been a long-term supplier of ingots and solar wafers to Sharp Corporation, China-based Solargiga Energy Holdings has signed a new deal to include 370MW of PV modules in 2013, making Solargiga, Sharps largest PV product supplier, according to the company.

LDK Solar actually beat revenue guidance for the first quarter of 2013 but the struggling PV manufacturer reported losses of US$187.1 million and exited the quarter with US$174.1 million in cash and US$168.4 million in short-term pledged bank deposits.

International developer Mainstream Renewable Energy has formed a joint venture with investor Actis to deploy 600MW of solar and wind projects in Chile by 2016.

Dutch solar energy solutions provider Photon Energy N.V. has debuted on the NewConnect market of the Warsaw Stock Exchange.

A new supply and technology agreement has been signed between DuPont and Yingli Green Energy worth US$100 million.

The previously announced merger of Neo Solar Power (NSP) and Delsolar was successfully completed on May 31, according to Delta Electronics, which owned DelSolar and was a shareholder in NSP.

Google and SolarReserve today announced completion of US$260 million in financing for one of Africa's largest solar projects.

The bankrupt main manufacturing subsidiary if Suntech Power Holdings is reported to have debts of over US$2.8 billion.

Struggling PV manufacturer SolarWorld will hold an extraordinary shareholders’ meeting on 11 July 2013 in Bonn, Germany, after the company revealed a 50% loss in capital stocks.

A majority of Centrosolar’s creditors have voted in favour of restructuring the struggling German PV manufacturer’s debts.