Markets & Finance

North Carolina Governor Patrick McCrory has signed Senate Bill 372, which extends the tax credit for renewable energy projects in the state.

Solar giant JA Solar has formed a joint venture with the Chilean subsidiary of developer Soventix to develop large-scale PV projects in the Latin American country.

RET Capital has appointed Michael Young as the company’s vice president, legal and administration.

PV manufacturing equipment specialist, Amtech Systems has reported its highest level of tool order backlog in three years as part of reporting its fiscal second quarter 2015 financial results.

Tier-one module manufacturer and project developer Canadian Solar has agreed a US$250 million loan with China Minsheng Bank.

PV manufacturing equipment specialist Singulus Technologies expects ongoing improvement in sales after its order backlog exceeded €60 million in the first quarter of 2015.

Polysilicon producer REC Silicon reported a 48% decline in polysilicon sales in the first quarter of 2015, driven by a number of negative impacts.

Expansion strategies into the US residential market announced yesterday by SunEdison are a “validation of the rapid growth” of the country’s household solar market, according to one investment bank.

Leading PV microinverter producer Enphase Energy met the mid-range of sales and shipment guidance on the seasonally weak first quarter.

Project developer SPI is set to raise US$50 million in a private placement of shares as it looks to build out its pipeline.