SunEdison has increased its two convertible senior notes to US$500 million each plus a further US$100 million of options on each note.
A 1MW rooftop PV plant has been installed on the roof of Itaipava Arena Pernambuco, one of the stadiums that will be used in the 2014 World Cup football tournament in Brazil.
The US Energy Department is making a US$13 million investment in five separate project designed to improve manufacturing competitiveness in the domestic solar industry.
PV project developer, Sybac, has taken steps through TÜV Rheinland to ensure four large-scale power plants totalling 54MW have been fully optimised and meet highest quality standards for investors and owners.
Following a trade dispute and ruling by the WTO, Ontario has scrapped its domestic content requirement for wind and solar projects.
The IFC, part of the World Bank, has signed an agreement with China’s Chint Group to develop solar farms and supply chains in emerging markets.
Phoenix Solar’s Singapore-based subsidiary has been awarded the contract to build a 1MWp solar plant in Jordan, along with Jordanian company Mustakbal Clean Tech.
The pipeline of grid-use PV projects approved for construction by the Philippines Department of Energy totalled 844.71MW across 38 projects, as of 30 November.
An existing customer of Meyer Burger based in Asia has placed orders with the company worth CHF15 million (US$16.8 million). The delivery is expected to be completed in the first quarter 2014.
The State Grid Corporation of China, the world’s largest state-owned utility company, has joined the Desertec Industrial Initiative (Dii).
Grupo T-Solar has completed a 25 MW solar photovoltaic (PV) plant in Southern California's Imperial Valley. The company is additionally preparing for the construction of a 30 MW PV plant in Puerto Rico. Electricity from the PV plant in El Centro, California is being sold to the Imperial Irrigation District (Imperial, California, U.S.) under a 30-year power purchase agreement.
S.A.G. Solarstrom AG (Freiburg, Germany) has announced that the company and two subsidiaries will file for insolvency on December 13th, 2013, after the failure of refinancing negotiations. The company will also be unable to make a December 16th, 2013 interest payment on its 2010/2015 bond.
The World Bank's International Finance Corporation (IFC, Washington D.C.) has signed a memorandum of understanding (MOU) with the Chint Group (Beijing) to build solar projects and manufacturing plants in developing nations around the world.
The two organizations also plan to acquire targeted companies that offer complementary products and services. The collaboration will build on Chint Group and IFC's work to build PV in India.
Sputnik Engineering AG (SolarMax, Biel, Switzerland) has announced that it will supply inverters for five ground-mounted solar photovoltaic (PV) projects totaling 61.4 MW in the London metropolitan area.
The company will supply 127 of its SolarMax 360TS-SV central inverters in 65 SolarMax TS-SV Compact Stations. The first products have already been delivered, and SolarMax expects the plants to be commissioned by the end of March 2014.
Ross Solar Group LLC (Worcester, Massachusetts, U.S.) has completed a 1.56 MW solar photovoltaic (PV) plant on a restaurant supply depot for Jetro Cash and Carry (New York City), as the largest PV plant in New York City.
The plant in the Bronx borough is also the first in the city to integrate a supervisory control and data acquisition (SCADA) system that allows utility ConEdison Inc. (New York City) to remotely monitor and control the system. This will support the city's grid and help to protect from power outages.
Astronergy (Hangzhou, China) has signed contract documents with the insolvency administrator of Conergy AG (Hamburg, Germany) to acquire Conergy's solar photovoltaic (PV) module factory in Frankfurt (Oder) Germany. According to ongoing negotiations with the Works Council, 210 jobs of the facility's 280 jobs will be secured, ten more than announced in November 2013.
The factory will now operate as Astronergy Solarmodule GmbH. Conergy notes that this follows on a history of cooperation between the two companies, which plan to sign a supply agreement for modules from the factory.
The board of Goldpoly New Energy Holdings Ltd. (Hong Kong) has proposed changing its name to United Photovoltaics Group Ltd., which the board says will refresh the corporate image and reflect its emphasis on work in the solar photovoltaic (PV) sector.
The name change will need to be approved at a special shareholders meeting. In a previous shareholders meeting on December 9th, 2013 Goldpoly shareholders approved the issuance of USD 30 million in convertible notes and the acquisition of two rooftop solar photovoltaic (PV) plants totaling 23.8 MW in China.
aleo solar AG (Oldenburg/Prenzlau, Germany) will withdraw from solar photovoltaic (PV) business in Australia and has decided to dissolve its subsidiary aleo solar Australia Pty. Ltd. in Clayton.
Also the PV business in the UK is shut down and the subsidiary aleo solar UK Ltd. In Newhaven will be dissolved.
Canadian Solar Inc. (Guelph, Canada) has agreed to supply Zhenfa New Energy Science & Technology Co. Ltd. (Wuxi, China) with 100 MW of solar photovoltaic (PV) modules for four PV projects in Northwestern China.
A subsidiary of Solargiga Energy Holdings Ltd. (Hong Kong) and a regional development agency of the Ghanaian government have agreed to form a joint venture (JV) company with the aim of building 200 MW of solar photovoltaic (PV) plants in Ghana.