Markets & Finance

PV equipment specialist, Spire Corporation, has been delisted from the NASDAQ stock exchange after failing to restore its share price to the US$1.00 per share minimum after 360 days.

The gulf in confidence separating the downstream and upstream solar markets continues to grow as investments in third party lease companies continue to boom, according to second quarter data released by the Cleantech Group yesterday.

Having received an unspecified capital injection, CIGS thin-film start-up Solarion has successfully exited insolvency proceedings.

Silicon Valley giant Apple is planning a 20MW solar installation to power a new data centre the company is building in Nevada.

PV Crystalox Solar has sold its polysilicon production operations in Bitterfeld, Germany to the former management team, contributing €12.3 million to the renamed Silicon Products Research Engineering Production in the process.

A select group of Suntech Power Holdings bondholders have agreed a second time extension to talks over its US$541 million debt payment default.

Small France-based module manufacturer, Solarezo has entered bankruptcy proceedings in an effort to restructure its finances having a reported €50 million order backlog with only a 65MW production capacity, according to the company’s website.

International solar provider WIRSOL has appointed Mark Hogan as a new member of its board of directors.

Solar power producers are set to benefit from a $100 million investment in India’s clean energy sector backed by the US Agency for International Development.

Israeli fund, Econergy, has acquired 7MW of PV assets from Sorgenia located several regions of Italy that includes 10 PV plants that are both ground-mounted and rooftop.