Markets & Finance

The International Finance Corporation (IFC), an arm of the World Bank, is planning to launch a new financing facility to pump-prime small-scale PV development in emerging markets, PV Tech has learned.

Shunfeng Photovoltaics International, the company revealed yesterday as a bidder for struggling Wuxi Suntech, has secured a HK$980,000,000 (US$126,000,000) loan to expand its PV project development business.

Mercom Capital has published its Q3 2013 Solar Funding and M&A Report, in which the clean energy communications and consultancy firm claims that total corporate funding, global venture capital funding and solar mergers and acquisitions activities all showed increases from the previous quarter.

Wind and solar produced as much as 60% of Germany’s electricity during the 3 October, according to an energy consultant.

Sanctions including the withdrawal of feed-in tariff (FiT) certification are being considered by the Japanese government for PV projects that have been approved under the country’s FiT but remain unbuilt.

NPD Solarbuzz has issued the latest Solarbuzz Quarterly report, in which the market research firm reports that end-market demand in the photovoltaic (PV) industry reached a record 9GW in the third quarter of 2013 globally.

German renewables project developer juwi has begun a joint venture in Dubai.

Canadian Solar Solutions, subsidiary of module manufacturer Canadian Solar has completed and sold two solar plants to TransCanada.

Peter Fath has been appointed as the new managing director of the solar division of German equipment supplier RENA.

German Federal Network Agency figures show the 10,109 installations fell below the 300MW mark for the first time in four months.