Markets & Finance

South Korea-based polysilicon supplier OCI has cancelled all three of its long-term supply contracts with Suntech’s Chinese operations in response to subsidiary Suntech Wuxi entering bankruptcy proceedings.

A leading solar installer accused Arizona's largest utility of trying to "crush" net energy metering earlier this week.

German laser system manufacturer 4JET Technologies has announced the appointment of Uwe Stute to lead the company’s new glass and new materials division.

Struggling PV manufacturer LDK Solar is issuing another tranche of shares to Fulai Investments in return for US$25.75 million.

The Indian state of Andhra Pradesh has announced a tariff of Rs. 6.49/kWh (US$0.120) for its 1GW tender issued in January.

International Finance Corp (IFC), part of the World Bank, has approved the financing of several PV power projects in India over the following two years.

Transmission equipment provider S&C Electric Company and independent power producer Green States Energy have inked a US$7.9 million contract for the construction of a 2.5MW solar plant near Roswell in New Mexico.

The future of LDK Solar subsidiary Sunways looks increasingly uncertain after its banks cancelled its €6.6 million line of credit.

International power solutions provider 3W Power SA, parent company of AEG Power BV Solutions has announced the departure of Horst J. Kayser effective from 30 June this year and the replacement by Bruce Brock in the role of company’s CEO.

Micro-cap PV module manufacturer Westinghouse Solar does not expect to complete its merger with Australian renewable energy company CBD Energy until the third quarter of 2013.