Markets & Finance

Alterra Power Corp, a renewable energy company headquartered in British Columbia, Canada, has sold a 10% stake in a 50MW solar power plant in Ontario to a consortium headed by Fiera Axium Infrastructure.

The German Federal Network Agency’s monthly PV registration figures reveal nearly 226MW of PV systems were registered in October, continuing the country’s trend of falling installation rates this year.

Hanergy Solar is set to receive significant investment from its parent company as it prepares to ramp up its thin-film production capacity.

Domestic shipments of solar cells and modules in Japan showed consistent growth again in the second fiscal quarter of 2013, according to the Japan Photovoltaic Energy Association (JPEA).

Shunfeng Photovoltaic is planning to place a 10-year convertible bond valued at HK$3,580,000,000 (US$461.77 million) with selected investors to pay for the US$492.3 million acquisition of Wuxi Suntech via court administrators in China.

Major tier one PV manufacturer, Trina Solar, is to take over operations of tier two module manufacturer, NESL Solartech, and expand capacity to 500MW.

Bulgaria’s parliament has proposed legislative changes that could see a 20% tax imposed on revenue from solar and wind energy.

Manufacturing equipment firm Manz AG has raised around €26.9 million (US$36.6 million) an increase in cash capital, to be used for the ‘internal and external growth of the company’.

PV equipment specialist, Spire Corporation said that its founder, Roger G. Little would retire at the end of the year and serve only as chairman.

Trendforce research division EnergyTrend has issued a report claiming that PV demand is expected to remain strong in Japan for 2014 and 2015 in spite of rumoured feed-in tariff cuts.