Japan's Shinsei Bank has signed a project financing agreement with Japan Renewable Energy to provide a ¥10 billion (US$97 million) loan to fund the development of 40MW worth of PV projects.
Empower Energies, a renewable energy company, has completed the installation of four PV arrays at the General Motors Warren Technical Center campus in Warren, Michigan, US.
SGI-Mitabu, a company formed by two Australian firms The Solar Guys International and Mitabu Australia, has entered into a partnership with the government of South Sumatra, Indonesia to develop megawatt-scale solar power projects.
Renewable energy developer Japan Asia Group is reportedly readying a pipeline of 500MW of PV projects in Japan as it considers reducing its European operations.
Applied Materials reported a surprise GAAP operating loss for its Energy and Environmental Solutions (EES) segment of US$322 million that included impairment charges of US$278 million. Non-GAAP operating loss was US$34 million.
German module provider Conergy and Spanish renewable energy supplier Gamma Solutions have formed a partnership to install solar systems on nine public buildings in Spain.
Struggling LDK Solar has reported a net loss of US$1.05 billion in 2012, the starkest figure in an annual report containing volumes of negative financial figures.
