Chinese module manufacturer ReneSola has indicated that it will exit from the European Union’s minimum import price (MIP) agreement. The reason for ReneSola’s move is the European Commission ruling that Chinese companies cannot sell OEM modules under the MIP framework.

ET Solar is “very confident” it can address the concerns raised by the European Commission late last week in its finding that the company had breached the terms of the MIP agreement. ET says it will “address the EC’s concerns through clarification and reconciliation efforts in the next weeks.”

U.S. renewables company SunEdison has secured non-recourse funding from the Shinsei Bank for the 9.6 MW Tarumizu project on the Japanese island of Kyushu. The deal indicates the growing trend to non-recourse finance for renewable projects in Japan.

Independent power producer sPower has purchased a 63.1 MW portfolio of solar projects in North Carolina from developer FLS Energy. The portfolio is comprised of 16 ground mounted PV power plants.

A study released today has found that solar can supply more than 60% of electricity demand in the remote town of Alice Springs and the grid remain stable. The study concludes that an additional 10 MW of PV can be added to the town’s grid, although advises it be spread over nine 1.1 MW arrays to reduce the potentially destabilizing affect of variable cloud cover.

Japanese thin film manufacturer Solar Frontier has taken a major step on its path to internationalization with the acquisition of a 280 MW project pipeline in the U.S. Solar Frontier has purchased the utility scale projects from Gestamp Solar.

Swiss PV technology provider Meyer Burger has announced that it will supply its MAiA 2.1 tooling to manufacturer SolarWorld for the production of PERC solar cells. The order is the upper-single digit million Swiss Franc range (1 Swiss Franc = US$1.01).

The European Commission (EC) has proposed removing Canadian Solar, ET Solar and Renesola from its minimum price agreement framework. The EC sites various breaches of the agreement and arrangements that make its enforcement impracticable as the cause.

UK-based perovskite technology developer Oxford PV has closed an £8 million (US$12.15 million) first-tranche B equity round to continue to develop its solar perovskite technology. The round doubles the amount of equity investment Oxford PV has raised to date.

A new report from Lux Research has found that lithium ion (Li-ion) battery technology is set to dominate the emerging grid-tied storage market. The report finds that 90% of proposed grid storage projects in 2014 are set to be supplied by Li-ion technology.