Markets & Finance

Taiwanese cell manufacturer Neo Solar Power has announced Quincy Lin will no longer serve as CEO, but has been approved for Chief Strategy Officer, effective 1 January 2013.

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.

SMA Solar has entered the fast growing Chinese market by acquiring a majority stake in China-based start-up Jiangsu Zeversolar New Energy.

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.

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.

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.

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.

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.

Solar module manufacturer Silevo appointed Aaron Thurlow as its Vice-President of sales and marketing, a position that will see him manage the market expansion for the company’s Triex technology.

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.