Markets & Finance

The Solar Energy Industries Association (SEIA) announced its support for new legislation presented in the Massachusetts State Senate and House of Representatives that would permit public and private distributed generation (DG) projects to continue, while also expanding the solar energy industry across the state.

GT Advanced Technologies (GTAT) has secured a major US$336 million polysilicon equipment and technology deal with Cosmos Chemicals Berhad as part of plans to build a 25,000MT integrated polysilicon plant in Sarawak, Malaysia.

Solar power production in California hit a new record on 8 March 2014, as output peaked at 4,093MW.

JA Solar’s PV module shipments are projected to grow at a strong 44% CAGR through 2015, according to ROTH Capital equity analyst, Philip Shen.

German inverter manufacturer Platinum has filed for insolvency, in a further sign of consolidation in the market.

Indian PV manufacturer Indosolar has asked to have its debt restructured because it says low equipment prices mean it is unable to make a profit.

Flexible CIGS thin-film firm, Ascent Solar surpassed US$1 million in annual revenue for the second time since it started operations in 2005.

Chinese PV manufacturer Chaori Solar has become China’s first firm to default on a domestic bond after missing an interest repayment.

The UK Department of Energy and Climate Change (DECC) has said it will not review the country’s Renewable Obligation Certificate (ROC) bandings again before the scheme’s expiration in 2017.

The pipeline of approved PV projects in the Philippines reached over 1GW in January, according to the country’s Department of Energy (DoE).