Markets & Finance

China underlined its position as the new world solar superpower last year by raising more in PV financing than the whole of Europe, according to the Global Renewable Energy Report 2014.

Leading US solar developer NRG Energy is to reorganise its renewable energy business after posting mixed second quarter results.

Lawyers representing China’s government have asked the US Department of Commerce (DoC) for more time to propose a deal in the ongoing solar trade dispute between the two countries.

China has installed 3.3GW of solar power capacity in 2014 so far, according to official data released by the National Energy Administration (NEA).

Vivint Solar has made a confidential filing for an initial public offering (IPO) through its parent company Vivint Inc, according to a report by news agency Reuters.

First Solar announced lower than expected revenue and profit for Q2 on the back of project delays. The company also revealed a decision on a yield co would be made before Q3 results were announced.

All states in the US should emulate the country’s solar top performers and adopt “aggressive” policies to drive PV deployment, according to a report.

The Chinese government has announced a target of 13GW of installed solar power capacity for 2014, according to the state news agency.

The Massachusetts state legislature broke for the summer without approving a raft of new solar policies. An extension to the state’s net metering programme offered scant consolation.

Major PVEP SunPower will remain capacity constrained through 2015 and rely on only a 350MW new fab in the Philippines through 2016, before starting the construction of a giga-fab in 2017.