Financial & Legal

January 20, 2011
Semiconductor capital equipment supplier Tegal and consultancy se2quel Partners have formed sequel Power, a new company focused on the development and operation of very large-scale solar photovoltaic-based utilities in the United States, Latin America, the Middle East, and Africa. At least 10 projects in the range of 750MW (DC) to 1.1GW (DC) are in various stages of negotiation, and all are located in high-insolation regions, according to company sources.
January 20, 2011
Investment into the PV industry was dominated by Chinese banks in 2010, according to a new detailed report from Mercom Capital Group. Venture capital reached US$1.67 billion from 65 transactions – an 18% increase on the 2009 figure – but this was dwarfed by the contribution Chinese banks made to the debt and other funding sector of the industry.
January 19, 2011
Pure Power Advisors has formed a new tax-equity fund known as the California Solar FIT Fund. The US$100 million tax-equity investment fund is geared towards ground-mounted solar projects throughout California and will supply funding for construction, completion, purchase and operation for qualified projects by means of a structured acquisition of projects from developers. The project acquisitions will use a financing structure influenced by Section 1603 Treasury grants or Section 48 energy tax credits.
January 19, 2011
Enphase Energy has unveiled plans to triple production capacity in 2011 in order to meet escalating demand for its microinverters. To date, Enphase has sold more than half a million of its systems, making it one of the leading manufacturers in the world.
January 19, 2011
A range of solar installations across the state of California has enabled Stellar Solar to post the best opening Q1 figures in its 12-year history. Developments for U.S. Foodservice, Salk Institute and the Vandenberg Air Force have been complemented by strong residential sales.
January 19, 2011
OCI Enterprises has completed its purchase of CornerStone Power Development, which will now operate under OCI Enterprises' new business unit: OCI Energy. CornerStone Power will continue operations under the name of OCI Solar Power in order to further develop OCI’s global initiatives to promote green energy, including the anticipation of having 700MW under development by 2013. Neither company revealed the purchase price.
January 17, 2011
The largest solar inverter firm, SMA Solar Technology has noted that changes in the German feed-in tariff in mid-2010 had resulted in a considerable reduction in installations, though overall, installations are expected to have reached approximately 7GW last year.
January 14, 2011
Centrosolar Group is to issue a five-year bearer bond in Austria and Germany with a value of up to €50 million. The corporate bond will accrue interest at 7% per annum, and the securities prospectus required for the bond is expected to be approved by the Federal Financial Supervisory Authority (BAFin) on January 20, 2011.
January 13, 2011
Although S.A.G. Solarstrom did not provide an update on forecasted revenue for 2010, the systems integrator guided revenue for 2011 at between €260 and €280 million and EBIT of between €16 and €18 million.
January 13, 2011
GTM Research has published a new report that specifically looks at the concentrating solar power (CSP) market and presents the strengths and weaknesses it has found for four major technologies: parabolic trough, power tower, dish and linear Fresnel reflector. The report, entitled, “Concentrating Solar Power 2011: Technology, Costs and Markets” remarks that between 2011 and 2013 the CSP market is expected to see growth between US$3 and US$10 billion. However, after 2013, GTM Research predicts that the CSP market may fall upon tougher times.

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