Power Plants

SunEdison's share price surged today on news that the company would spin off its semiconductor business from its PV development business. Shares peaked on the New York Stock Exchange at US$8.34 each.

South Korean polysilicon manufacturer OCI has shelved plans to expand one of its production lines.

The North American Development bank has loaned T Solar US$67.7 million, through land developers Sol Orchard for a 20MW solar plant.

China is half way through a US$100 billion ultra-high voltage (UHV) grid investment, according to an official from the country’s grid operator.

Solar polysilicon manufacturer Hemlock Semiconductor has filed a US$700,000,000 lawsuit against Green Energy Technology (GET) over an alleged breach of a long-term supply agreement.

Japanese telecommunications provider Softbank, which recently purchased US mobile company Sprint for US$20 billion, is considering the construction of a 40MW solar power plant in central Japan.

M+W Americas has bought the US subsidiary of struggling German firm Gehrlicher Solar.

Toshiba International has begun construction on a 4MW solar project on the island of St Croix with the Virgin Islands Water and Power Authority (WAPA).

US solar power installer Heliopower has purchased Greenzu, a San Francisco company providing small commercial businesses and non-profit organisations with solar power systems.

China will be the biggest deployer of PV in 2013, according to NPD Solarbuzz.