The company noted that it could not pay accrued interest and fees, which could result in the bank foreclosing. SPI Solar had total company deficit of US$56.1 million at the end of 2013, much of it owed to LDK Solar.
In response to the latest instalment from the fifth report of the Intergovernmental panel on climate change (IPCC), US Secretary of State John Kerry has said current low carbon energy technology must be used to prevent catastrophic climate change.
Policies such as the ‘value of solar’ tariff introduced in the US state of Minnesota could “help defuse” policy battles over distributed generation, according to a new report by non-profit organisation, the Institute for Local Self-Reliance (ILSR).
A request for proposals (RfP) to build 300MW of solar power plants in North Carolina issued by US electric power holding company Duke Energy has been oversubscribed almost three times.
ZacSol, alarge-scale PV project, has been announced in Mexico, as part of an ‘innovation partnership’ deal between Mexico and the US state of Massachusetts.
US installer SolarCity has announced pricing details of its second securitisation, which investment banking firm Roth Capital has described as an “evolutionary step on the path to lower-cost financing".
Community solar developer Clean Energy Collective has appointed RGS Energy as the contractor for the construction of two community-owned PV projects in Massachusetts.
The domestic content requirement (DCR) in India’s flagship solar programme is facing mounting pressure after talks to resolve US opposition to the policy broke down and it was separately branded a “failure”.
