Markets & Finance

China looks on course to have missed its 2014 target for distributed solar but could end up close to the year’s overall 13GW goal through an expanded share of utility-scale projects, according to an expert on the country’s renewables industry.

According to reports, Saudi Arabia has pushed its renewable energy targets back from 2032 to 2040, without citing specific reasons.

Germany-headquartered developer juwi has recruited a 46-year old “finance and energy expert” from the ranks of its new majority owner, MVV Energie, to act as chief financial officer (CFO).

Renewable Energy Trust Capital (RET Capital) has, in the process of signing a collaboration framework agreement with developer Origis Energy, acquired three PV plants in the US state of Georgia totalling 24.5MW of generation capacity.

The Hungarian government has imposed an import tax on solar panels claiming the move is necessary on environmental grounds to cover disposal costs.

China-based monocrystalline wafer producer, Solargiga Energy has reported increased shipments and revenue in 2014.

Specialist PV equipment supplier RENA, which is in the middle of restructuring efforts, has said its new order intake in the fourth quarter of 2014 totalled €30 million.

Independent energy company Neoen and juwi AG have signed a deal that will see Neoen acquire 100% of juwi EnR — the French subsidiary of juwi AG.

The largest US-based PV installer, SolarCity has secured US$200 million in new financing from Credit Suisse to continue the rapid roll-out of the company’s ‘MyPower’ financing vehicle. This takes SolarCity’s financing in 2015 to around US$995 million.

Reports by Moody's and Navigant offer diverging views on the near-term prospects of solar plus storage systems.