Financial & Legal

December 24, 2012
Hawaiian nut company Hamakua Mac Nut has announced the installation of a 30,000 square foot, US$1.5 million, PV system expected to generate 75% of its electricity needs.
December 21, 2012
Solar wafer slurry recycling specialist SiC Processing has been granted self-administration while it goes through insolvency proceedings in the District Court of Amberg, Germany.
December 20, 2012
SMA Solar has entered the fast growing Chinese market by acquiring a majority stake in China-based start-up Jiangsu Zeversolar New Energy.
December 19, 2012
The boards of Taiwan-based PV manufacturers Neo Solar Power (NSP) and DelSolar have approved the second stage of the planned merger of the two companies.
December 18, 2012
GDF SUEZ has entered into an agreement to sell a 60% equity interest in its 680MW Canadian renewable generation portfolio to Mitsui & Co and a consortium led by Fiera Axium Infrastructure.
December 18, 2012
The Energy Solutions division of German technology manufacturer Gildemeister has been awarded contracts worth €29.2 million (US$38.5 million) to deliver PV power plants and energy storage technology in Romania, Germany and Italy.
December 18, 2012
Specialist PV equipment supplier, GT Advanced Technologies (GTAT) said it would exit the Directional Solidification System (DSS) market altogether due to market conditions that are not expected to recover sufficiently to justify continued involvement in the sector.
December 14, 2012
On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW Entwicklungsbank, has signed a €10 million (US$13 million) loan guarantee with Brazil’s Companhia Energética de Minas Gerais (CEMIG) for the Solar World Cup 2014 project.
December 13, 2012
UK-based solar wafer producer, PV Crystalox Solar will implement a significant reduction in its workforce, while discontinuing its polysilicon operations in Germany and heavily cut ingot production in the UK and wafer production in Germany.
December 7, 2012
Slower demand from key European markets saw Suntech Power Holdings report preliminary Q3 2012 revenue of approximately US$387 million, down 18% from the prior quarter.

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