PV project developer, SPI Solar is raising US$43.8 million in a private placement with a subsidiary of Evergrande Real Estate Group, said to be one of the largest real estate developers in China.
Although some areas could hit wholesale grid parity by as soon as 2018, most large-scale wind and solar deployment in Europe will still require subsidies over the next 20 years, according to the study from consultancy Pöyry.
Conergy is selling its US solar distribution business to Soligent a major PV products distributor in the country for an undisclosed sum. As a result, Conergy is focusing on its PV project business in US.
In a shock move, major PV equipment provider, GT Advanced Technologies (GTAT) said it would file for chapter 11 bankruptcy in the District of New Hampshire, US.
Renowned environmentalist and solar advocate, Marina Silva, is now out of the race to become Brazil's next president, having gained just 21.32% of the vote in the first round of the race.
Kyocera has launched another joint venture (JV) company to develop a number of PV projects in Japan, this time with Japanese lending institution, Mitsubishi UFJ Lease and Finance and a construction firm, Takenaka.
Taiwan-based wafer producer, Sino-American Silicon (SAS) saw a rebound in flagging sales in September, due to the fall-out in orders due to the US anti-dumping case.
PV project developer, SPI Solar has completed the acquisition of Sinsin Renewable Investment Limited (SRIL) in cash and shares totalling US$91.7 million on plans to develop 360MW of projects, primarily in Greece.
The closure of Masdar PV’s a-Si thin-film operations that were announced in May, 2014 has subsequently and inevitably led to the sale of the production line equipment, which will take place in an online auction conducted by Maynards on October 8.
