Markets & Finance

The majority owner of equipment specialist centrotherm has agreed to dispose of its stake, clearing the way for the company to restructure its financing.

Trina Solar has withdrawn from the EU-China price undertaking saying that it is no longer a fair agreement. It will instead serve the EU from facilities outside of China.

Another round of tenders to build ground mount PV power plants in Germany has been oversubscribed, with some 562MW of hopefuls entering the bidding for just 200MW of capacity.

Nanjing GCL New Energy — a subsidiary of GNE — has signed off on a 100MW module supply agreement with CNI Energy for RMB (US$61 million). The modules will be provided for Nanjing’s GCL New Energy’s 100MW PV project in Funan County, Anhui Province.

Manz, supplier of manufacturing equipment to the solar, energy storage and electronics industries has been forced to lay off 174 members of staff.

First Solar has announced shipment guidance for 2016 of 2.9-3.0GW for 2016 and confirmed that it has no immediate plans to expand production capacity.

Concrete action in the Indian solar sector this year has countered scepticism over the 266GW of clean energy pledges made earlier this year, according to a new report.

Indian conglomerate Aditya Birla Nuvo has won all 150MW in a solar auction held by the Indian state of Haryana at a tariff of INR5.08 (US$0.076)/kWh.

Around 20 bidders have entered the frame for the latest 800MW phase of Dubai’s flagship solar project, according to the Middle East Solar Industry Association.

Bluewave, a Boston-based developer of solar projects, claimed that it has “secured US$100 million” for community solar from a subsidiary of multinational investment house Morgan Stanley.