Markets & Finance

GT Advanced Technology (GTAT) was suffering from sapphire yield issues at its Arizona production plant, according to a consensus of financial analysts and equipment suppliers that PV Tech spoke to during Solar Power International, held in Las Vegas last week.

SunEdison has closed construction finance with Deutsche Bank for a 26MW solar power plant in California.

The European Council has reached an agreement over the 2030 climate and energy policy framework.

Soitec Solar Development, a subsidiary of semiconductor manufacturer Soitec, has agreed a 150MW module deal with a North American PV energy provider. The customer has a power purchase agreement with San Diego Gas & Electric (SDG&E) for the solar project in California.

SPI and GD Solar are to develop 500MW of solar in China, each year from 2015 to 2017, for a total of 1.5GW.

The US Department of Energy SunShot Initiative granted solar financier Mosaic a second award in the amount of US$650,000 to support its home solar loan programme that should help the initiative’s mission to make solar a cost-competitive form of electricity by the end of the decade.

Europe’s climate and energy future hangs in the hands of politicians meeting in Brussels today and tomorrow.

SunEdison has been awarded 17.7MW of distributed generation across 30 PV projects in California, with investors in the company’s ‘yield co’ TerraForm Power likely to benefit.

Global module manufacturer Trina Solar has opened a warehouse in South Africa.

UK renewables investor, TRIG, has said it will give more attention to rooftop solar due to cuts in funding for solar farms.