Markets & Finance

Philip Comberg was approved by the supervisory board of Conergy to stay with the company as CEO for three years, effective 1 January 2013.

Ingot furnace supplier LDK Solar and integrated trading company Sumitomo Corporation have announced the termination of their long-term solar wafer supply agreement.

Big name investors contributed US$37.3 million in LightSail Energy’s, an energy storage technology company, Series D funding round.

A report conducted by Clean Power Research for the Mid-Atlantic Solar Energy Industries Association (MSEIA) and the Pennsylvania Solar Energy Industries Association (PASEIA) notes that New Jersey and Pennsylvania deliver cost friendly solar power to consumers.

SiC Processing strikes deal to delay payments to major creditors until 28 February 2013.

Challenging competitive market conditions in Europe are forcing SunPower to re-evaluate its business strategy in the region after sales shrank and its European operations were loss-making in the third quarter of 2012.

Utility-scale PV inverter specialist Advanced Energy Industries (AE) has reported record sales of US$60.7 million in Q3 2012, fuelled by growing demand from the North American large-scale commercial and utility markets.

Poland looks set to ramp up its support for large solar plants through a new feed-in tariff and a green certificates programme in a bid to meet European Union 2020 renewables targets.

Officials from Colorado-based Abound Solar are facing a criminal investigation over possible fraud, it has emerged.

LDK Solar, one of the world's largest producers of solar wafers, has finalised a deal to sell three solar plants to Henan Xindaxin Materials for RMB140 million (US$22.4 million).