Markets & Finance

Citizens Solar Holdings, a company which forms part of non-profit firm Citizens Energy, has secured a US$26 million credit facility which will be used to fund the construction of five PV projects in Massachusetts, US.

Leading PV energy provider (PVEP), First Solar reported first quarter revenue of US$755 million in the quarter, a decrease of US$320 million from the fourth quarter of 2012 but exceeded slightly the top range of guidance.

Specialist encapsulant supplier STR Holdings continued to see sales slump in the first quarter of 2013, despite many module manufacturers raising production utilization rates on improved demand.

SolarWorld is close to securing financial backing from a Qatari investor, its CEO Frank Asbeck has confirmed.

Quantum Guam Power (QGP), an affiliate of power generation company Quantum Utility Generation, has secured a 25-year power purchase agreement with Pacific Green Resources.

Energy monitoring and storage firm Demand Energy Networks has announced the appointment of Gregg Patterson as its new president and CEO.

Global manufacturer Soitec has finalised a US$100 million bond to finance a utility-scale concentrating PV (CPV) plant in Touwsrivier, South Africa.

Advanced Energy Industries (AE) has started another round of restructuring aimed at taking advantage of the ‘fabless’ business model offered by recently acquired PV inverter company REFUsol.

Struggling SolarWorld has issued a few key preliminary consolidated financial figures, before disclosing full-year unaudited results.

South Korea-based polysilicon supplier OCI has cancelled all three of its long-term supply contracts with Suntech’s Chinese operations in response to subsidiary Suntech Wuxi entering bankruptcy proceedings.