Markets & Finance

Chile’s government has released CLP780 million (US$1.3 million) to fund the early-stage development of 51 renewable energy projects totalling 740MW.

Taiwan-based solar cell producer, Solartech Energy is investing approximately US$16.2 million in Malaysia-based solar cell producer, TS Solartech Sdn Bhd, a subsidiary of Tek Seng Holdings Bhd.

Brazil has released its plans for energy developments for the next ten years, with 3.5GW of solar planned.

The largest US solar installer, SolarCity has revised certain terms related to the purchase of PV manufacturer, Silevo.

Former CEO, Mike Miskovsky of PV module mounting systems designer, Zep Solar has joined another innovative company in the PV sector, robot controlled tracking systems firm, QBotix. SolarCity acquired Zep Solar for US$158 million all stock transaction in October, 2013.

A survey into Japan’s approved but unbuilt solar PV projects from the 2012 fiscal year has produced another set of definitive results, with 1.82GW of cancellations announced by the government this week.

The use of thin-film technology in Indian PV projects could be set for a rebound after having taken a beating over the past year, according to analysis from consultancy Bridge to India.

Bankrupt Suntech Power Holdings said in an SEC filing that its subsidiary, Power Solar System has been granted an injunction in Singapore’s High Court prohibiting the disposal of assets claimed to be worth US$197.5 million by Suntech Singapore.

Internet giant Google is to provide US$145 million equity finance for an 82MW US PV project in the portfolio being operated by SunEdison’s spin-off yield co, TerraForm.

There will be almost no new utility-scale solar in the US in 2017 following the cut to the investment tax credit (ITC), according to GTM Research.