Markets & Finance

The Indian government is seeking a US$500 million loan from the World Bank to initiate construction of a planned 4GW solar project in Rajasthan.

Advanced Energy Industries (AE) has said it has begun shipping its new flagship ‘AE 1000NX’ 1MW-sized according to its backlog pipeline to PV projects.

Nuclear and renewable energy technology engineer, Areva has teamed up with renewables energy generator and distributor, Schneider Electric.

PV equipment and technology specialist, Amtech Systems reported a noticeable rebound in sales for its fiscal first quarter of 2014.

Panasonic reported that it’s Eco Solutions segment that includes its PV module operations increased sales to around US$4.6 billion in the FY2014 third quarter, up around 10% from the same period a year ago.

US installer REC Solar has announced that it is set to focus its future efforts solely on the commercial PV market, offloading its residential segment to solar developer and financier Sunrun.

Roth & Rau, a subsidiary of Meyer Burger, reported a 50% drop in revenue for 2013 compared to the previous year, with increased losses.

Industry advocacy body, the Australian Solar Council, has launched a ‘save solar’ campaign.

Robert Bosch subsidiary, PV module manufacturer aleo solar is to be acquired by Taiwan-based solar cell producer, Sunrise Global Solar Energy and Japanese manufacturing machinery producer, CHOSHU Industry.

SolarWorld said in a statement that it had reached an agreement with a long-term “raw material” supplier to restructure supply contracts that would result in impairment charges in the “double-digit million Euro amount.”