Led by BofA Merrill Lynch, SolarCity has secured US$250 million in a new financing facility to support the roll-out of more than 200MW of PV system installations in the US.
Duke Energy Renewables has granted turnkey engineering, procurement and construction (EPC) services to Swinerton Renewable Energy for its Pumpjack and Wildwood PV projects located in Bakersfield, California.
Although the shutdown of its Sichuan Phase I polysilicon production line impacted profitability in 2013, tier one PV manufacturer, ReneSola reported a 142.5% year-on-year increase in PV module shipments, reaching 1,728.8MW with plans to reach 2.5GW in 2014.
Market research firm, IHS has made further tweaks to its PV manufacturing capital expenditure forecast, highlighting another US$430 million is expected to be spent in 2014 with the total reaching US$3.8 billion by year-end.
As part of the expected IPO of SunEdison’s semiconductor wafer and polysilicon operations into SunEdison Semiconductor Limited (SSL), Samsung Fine Chemicals is planning to purchase US$100 million in shares in the spin-off company in private placement.
Shunfeng Photovoltaics is expected to need US$1.26 billion in working capital requirements for the next 12 months once its takeover of Wuxi Suntech is finalised, financial filings reveal.
PV developer American Capital Energy (ACE) has begun construction on nine solar power projects totalling 22MW on Cape Cod and Martha’s Vineyard, Massachusetts.
