Markets & Finance

Shunfeng Photovoltaic International has successfully acquired the PV manufacturing operations of Suntech Wuxi with administrator approval for around US$490 million. Suntech Wuxi had debts of more than US$2.3 billion.

China Solar Energy Holdings has released a statement confirming one of the executives facing fraud allegations has been bailed.

The Arizona Corporation Commission (ACC) is demanding information from organisations including utility Arizona Public Service (APS) on the possible use of ratepayer funds in controversial public relations campaigns against solar power and net metering.

Honda has announced it will close its thin-film manufacturing subsidiary Honda Soltec spring 2014.

US thin-film giant First Solar has seen its third quarter sales surge 51% compared to the same period last year.

US-based manufacturer SunPower has raised its outlook for 2013, predicting revenues of between US$2.52 billion US$2.57 billion.

German state development bank KfW is to provide €654 million (US$900 million) for a Moroccan CSP project.

The requirement for local content in Saudi Arabia’s early solar power tenders could mean it misses out on global cost cuts, according to IHS.

Trendforce research division EnergyTrend has issued a new report in which it claims that Asian market demand is exceeding that of other regions including Europe.

Canadian Solar has signed an agreement with Deutsche Bank for a CAD$104 million (US$99.5 million) loan.