Markets & Finance

Major Taiwan-based merchant solar cell producer Neo Solar Power (NSP) reported preliminary July, 2015 sales of NT$1,713 million (US$54.15 million), down around 5% from the previous quarter, which has been the highest sales month for the company in 2015.

PV manufacturing equipment specialist Amtech Systems reported its best quarterly results since 2011, backed by significant sales in its Solar segment.

The chairman of E.ON North America has called on US energy firms to embrace rather than fight President Obama’s Clean Power Plan.

Indian private sector bank Yes Bank has raised INR3.19 billion (US$49.4 million) from the issue of Green Infrastructure Bonds to International Finance Corporation (IFC) Washington to fund renewable energy projects including solar and wind power.

After a slow start to its year of recovery and return to profitability, international PV integrator Phoenix Solar reported second quarter revenue 300% above the prior-year period, driven by its EPC business in the booming US market.

London-based asset management group Foresight Solar Fund has said the UK “remains an attractive market” despite recent policy changes and confirmed it will pursue a 300MW pipeline in the second half of this year.

SolarCity the largest US residential solar installer is to acquire one of the largest commercial and industrial solar developers in Mexico, ILIOSSON.

Enphase Energy (Enphase) CEO Paul Nahi said the company has enjoyed “strong demand” for its solar energy systems in the US, Australia and Europe, resulting in record shipments of 195MW for the second quarter of this year.

Major tier-one PV manufacturer ReneSola has formed a joint venture firm with US project developer and EPC, Pristine Sun.

India’s Ministry of New and Renewable Energy (MNRE) will subsidise 15% of the benchmark cost for residential, institutional, government and social sector rooftop solar installations, but will not cover private, commercial and industrial rooftop solar.