Becky Beetz
LDK sells 25 million shares to Fulai in second agreement
In a second share purchase agreement, LDK Solar has announced it will sell 25 million newly issued ordinary shares to Fulai Investments Limited for US$25.7 million.
PV storage market to reap $19 billion by 2017
From US$200 million in 2012, the photovoltaic storage market is projected to be worth $19 billion in 2017, mainly driven by the German energy storage subsidy, reports IMS Research. While Germany is set to lead the residential sector, Asia and the Americas will dominate the utility-scale market.
Germany: Avancis in negotiations to stop production at second CIGS facility
Avancis GmBH is currently in negotiations with the workers council to temporarily stop production at its Fab 2 CIGS production facility in Torgau, Germany. Up to 220 workers will be affected by the decision, which is expected to come into effect this June.
China: Hefei government takes over LDK Solar subsidiary
An affiliate of the Hefei City government in China has agreed to purchase LDK Solar subsidiary, LDK Solar High-Tech (Hefei) Co., Ltd for around RMB 120 million (US$19.4 million, 14.7 million). Originally the subsidiary was to be sold to the Shanghai Qianjiang Group. LDK expects to occur a loss of $80 million to $90 million.
Solimpeks working on 500 kW Turkish PV plant
Solimpeks subsidiary, Seiso is currently working on a 500 kW photovoltaic rooftop plant in Turkey. It is expected to be one of the biggest projects of its kind in the country, when completed next month.
Suntech may sell GSF stake
According to reports, Suntech Power Holdings Co. Ltd may sell its stake in the Global Solar Fund Sicar (GSF Sicar), in a bid to reduce its over US$2 billion debt mountain.
Clenergy plans 300 MW PV project for China
Clenergy has announced it will develop 300 MW worth of photovoltaic power plants in Chinas Lijiang city by the end of 2015 together with CGN Solar Energy.
17 MW AZ Sun PV facility dedicated
The first phase of a 35 MW photovoltaic facility has been dedicated by the Arizona Public Service Co. and AMEC. It is the fifth such facility to come online under the AZ Sun Program.
ADB makes $85 million available for Thai PV projects
The Asian Development Bank has announced it will make US$85 million available for the construction of three photovoltaic projects in Thailand, worth 57 MW.
ReneSola launches bankability book to secure more financing
In a bid to persuade lenders to cough up more cash, ReneSola has launched a Bankability Book which, it says, provides a “comprehensive guide” to its business, and will help European and U.S. businesses, in particular, secure financing faster.
