Astonfield Renewable Resources, a provider of renewable energy in emerging markets, has announced that its Co-Chairman Ameet Shah is to take on a key advisory role to the US government.
In an rather incestuous deal and conformation that consolidation along with capitulation is occurring in the Chinese PV market, tier 2 PV manufacturer, Goldpoly New Energy Holding has acquired China Merchants New Energy (CMNEG) in a deal valued at HK$2.12 billion (US$273 million).
Weaker than expected demand in key markets of Italy and Germany in the fourth quarter has led PV inverter supplier Power-One to lower revenue guidance to between US$190 million to US$195 million, down from a range of US$210 million to US$230 million.
The dire business conditions within the solar wafering sector have forced slurry recycling specialist, SiC Processing to warn of over a €100 million in equity losses, or more than half the equity in the company as it deals with insolvency proceedings.
US solar developer Sungevity has announced the completion of a series of venture capital and project financings which, together, have secured the company up to $125 million in funding.
A 5MW solar farm in Pennsylvania has been acquired by an affiliate of D. E. Shaw Renewable Investments and project manager Bright Plain Renewable Energy.
A solar energy scientist at the US Department of Energy's National Renewable Energy Laboratory (NREL), who has done pioneering and breakthrough work on thin films and nanostructures, has been elected a fellow of the American Physical Society (APS).
Slurry recycling specialist, SiC Processing which is currently in receivership, has warned unsecured creditors to expect low debt recovery due to a preliminary, unaudited assessment of its assets.
