Markets & Finance

The market for concentrated photovoltaics (CPV) is entering a phase of “explosive growth”, according to market research firm IHS.

The liquidators of Suntech Power Holdings are to investigate the planned sale of the company’s main Chinese manufacturing unit to Shunfeng Photovoltaic International for possible legal breaches.

Utility companies should embrace solar energy rather than trying to block it, the European Photovoltaic Industry Association (EPIA) has said.

China Wind Power (CWP) has been awarded a CNY490 million (US$80 million) of 15-year long term project loans from the China Development Bank (CDB)

German PV project developer SAG Solarstrom has announced that its credit rating was withdrawn on Friday 6 December.

The European Investment Bank (EIB) has made its largest equity investment in clean energy this year, with a €50 million (US$68.5 million) investment into the second Glennmont Fund.

The number of PV projects set to compete in Brazil’s forthcoming national energy auction has been trimmed from 152 to 88, according to the country’s energy agency, EPE.

Hanwha Chemical, the owner of PV module manufacturer, Hanwha Q CELLS, has made a US$188.5 million cash injection into the company to expand capacity and expand its downstream PV project business.

Tier one Chinese PV manufacturer, ReneSola has reported another quarter of record shipments and revenue that exceeded guidance as its PV module and OEM business continued to increase.

Renewable energy will benefit from a “decades long” carbon abatement fund, Australia’s environment minister Greg Hunt has claimed.