The European Investment Bank is to loan Enel Green Power €160 million (US$233 million) to help fund the company’s development programme in Italy through 2014.
Solar material producer 3M’s tender offer to buy all issued and outstanding shares of ceramics firm Ceradyne common stock was completed on 27 November with a price of US$35 per share.
Germany PV developer S.A.G. Solarstrom has sold four PV systems to an unnamed German institutional investor. The systems, which were installed in Germany this year, have a total capacity of 15.1MWp.
German development bank KfW has signed off a €100 million loan to Morocco’s solar energy agency MASEN to build a CSP plant in the south-central area of the country.
Shipments of both polysilicon and solar wafers at GCL-Poly, China’s largest producer, fell significantly in the third quarter of 201 underlining the overall weakness in demand from major tier 1 module manufacturing customers based in China.
China's Yingli Green Energy has warned that it expects Q3 2012 gross margins to plummet on the back of inventory write downs, lower capacity utilisation and countervailing and anti-dumping duties impact.
A consortium of three companies — US PV developer SolarReserve, financial services company Kensani Group and South African renewables developer Intikon — has closed a financial deal worth R5.15 billion (US$586 million) to fund the development of two 75MW PV plants in South Africa.
