Markets & Finance

First Solar has announced that it has purchased Element Power’s 1.5GW project pipeline for the US and Mexico.

US-based third-party ownership (TPO) PV installer Vivint Solar has secured US$200 million in two separate tax equity funds.

Energy utility Edison International has acquired SoCore Energy, a Chicago-based commercial rooftop solar developing company.

Reports suggest a deal is in the making that could see Suntech Power Holdings' bankrupt subsidiary rescued by the involvement of a rival Chinese PV manufacturer and several state-owned enterprises in Wuxi, China.

A quiet solar “revolution” in Australia over the past three years means 11% of the population now use PV technology, a study by the country’s Climate Commission claims.

Canadian Solar subsidiary Canadian Solar Solutions announced that it has reached an agreement to sell five utility-scale solar power plants in Ontario valued at more than C$290 million (US$277 million) to Concord Green Energy.

Irish renewables developer Mainstream Renewable Power has signed an equity investment deal worth €100 million (US$133 million) with Japan’s Marubeni Corporation trading company.

A senior executive at Hanwha Solar One has resigned from his position at the company to join Hanwha Group-owned German PV manufacturer Q Cells.

In its second quarter 2013 financial results released on Wednesday 31 July, Sunpower posted a return to profit.

The solar industry is on the brink of a sustained period of momentum, according to a bullish research note by Deutsche Bank published on Wednesday.