Asia & Oceania

Shunfeng International Clean Energy (SFCE) has announced that it has signed off on a deal to sell 100% equity interest in a wholly-owned subsidiary that owns and maintains nine PV projects in China to Chongqing Future Investment for approximately US$185 million.

Integrated PV module manufacturer Trina Solar will divide its downstream project development business to two separate entities.

Yingli Solar will avoid the ignominy of a de-listing from the New York stock exchange following the announcement of a ten-to-one reverse stock split.

The Government of India is considering supporting polysilicon, ingot and wafer production in India as part of prime minister Narendra Modi’s ‘Make in India’ programme, that was launched last year.

Hanergy Thin Film Power appears to be facing fresh troubles, with the company accused of leaving rent unpaid on a Hong Kong office, according to a report in the Financial Times.

Century Tokyo Leasing Corp has acquired a 15% stake in French developer Ciel & Terre International in order to produce floating-solar technology, according to a report from Bloomberg Business.

Global PV capacity is expected to grow by 13% next year, the slowest rate of growth since 2012, according to Mercom Capital’s latest market forecast.

SBG Cleantech, a joint venture between Japan-based solar firm Softbank, Taiwan-based manufacturing services provider Foxconn Technology Group and Indian business conglomerate Bharti Enterprises has won all 350MW capacity in yesterday’s National Solar Mission (NSM) auction in the Indian state of Andhra Pradesh at INR4.63/kWh.

Leading module manufacturer Trina Solar looks set to go private following a buyout proposal from its chairman and chief executive, Jifan Gao.

Trina Solar has elaborated on its decision to withdraw from the EU-China price undertaking stating that the restrictions within the agreement limited its sales, marketing and manufacturing.