1366 Technologies raises $15 million for solar wafer plant
The Massachusetts, U.S.-based company received the backing in a Series C financing round led by Japan’s Tokuyama Corp. The money will be invested in a plant capable of manufacturing 250 MW of solar cells a year.
IHS cuts global inverter market forecast in face of dramatic price drops
Despite enjoying a 7% increase in shipments in 2013, the solar inverter market will contract by 9% as manufacturers are forced to lower their prices as competition increases and demand falls.
Walmart and Costco top commercial solar users in US, SEIA study finds
The Solar Energy Industries Association (SEIA) in the U.S. publishes its latest Solar Means Business report, finding that the country’s two largest retailers are committed to solar power.
France loans $136 million to fund South African solar projects
South African utility company Eskom will use the French funds to develop its solar power projects after a deal was struck between Presidents Francois Hollande and Jacob Zuma.
Thai government may purchase rooftop PV to fill commercial shortfall
Thailand: Large-scale solar farms that do not come online within the required time frame could have their contracts to sell power to the government scrapped. The government may instead purchase PV from residential suppliers.
Google invests more than $100 million in 265 MW Californian solar plant
The search engine giant has teamed up with Silver Ridge Power LLC to invest $103 million in the 265 MW Mount Signal Solar project in Imperial County, California.
Unbuilt PV projects in Japan could have FIT certification withdrawn
An investigation has been launched by Japan’s Ministry of Economy, Trade and Industry (METI) into why only one-in-ten approved PV projects in Japan has been built. Possible sanctions for deliberate delays could include withdrawal of FIT certification.
National Research Council of Canada announces renewable energy storage plan
Canada NRC launches Energy Storage for Grid Security and Modernization research program at the countrys Renewable Energy Storage Summit.
Enerplan resumes call for French government to protect rooftop solar industry
With France’s government preparing to completely scrap its 11% tax break for rooftop solar, French solar association Enerplan has urged for it to be maintained at 10% for 2014.
VC funding in solar rises to $207 million in Q3, reports Mercom
The global consulting firm’s report also reveals the solar industry enjoyed strong total corporate funding and increased M&A activity compared to Q2.
