Markets & Finance

Plans have been agreed at the aleo solar EGM for the company to wind down through a liquidation, with as much as €50 million (US$69.1 million) of support provided by parent company Robert Bosch in order to avoid bankruptcy proceedings.

The company noted that it could not pay accrued interest and fees, which could result in the bank foreclosing. SPI Solar had total company deficit of US$56.1 million at the end of 2013, much of it owed to LDK Solar.

The IPCC has said solar has the largest technical feasibility in mitigating harmful climate change from electricity production “by a large magnitude”.

Taiwan-based solar cell producer, E-Ton Solar Tech Co reported sales of over NT$423 million (US$14 million approx) for the month of March.

Shunfeng Photovoltaic International is planning to issue convertible bonds totalling US$296.6 million to support its PV project business plans.

Taiwan-based solar cell and module manufacturer Gintech Energy reported a significant jump in revenue for the month of March 2014.

Croatia has an installed solar capacity of 23.8MW as of the end of March according to the Mediterranean country’s energy market operator, HROTE.

Major tier-1 PV manufacturer, Trina Solar has significantly reduced module shipment guidance for the first quarter of 2014, due to weakness in orders from the EU because of a pending price adjustment being ratified by EU and Chinese authorities as part of an anti-dumping agreement.

German-based PV module manufacturer, aleo solar expects first quarter 2014 revenue to be around €11.6 million, a 62.7% fall from the same quarter of 2013.

Renewable energy projects in Poland will be awarded by an auction system, instead of through registration for feed-in tariffs and green certificates, if a draft law is approved at the highest level.