Latest PV market updates
SolarCity is teaming up with German automaker BMW to offer U.S. owners of the new BMW i vehicles a discount on home solar installations.
The deal enables the former solar heavyweight to stay in business, with Shunfeng paying an agreed 30% of Suntech's $1.75 billion debt to Chinese creditors.
The investment was announced on the same day the company also revealed details of an agreement with JX Nippon Oil & Energy Corporation to distribute its high efficiency PV modules in Japan.
The one-day event was low-key but highly focused, attracting an audience committed to patiently furthering PV development in Saudi Arabia.
IHS analyst Ash Sharma says the Japanese government's reduction of its climate change commitments could affect the solar FIT in March. The generous regime will be reassessed in four months' time, says Sharma.
Regulators on Thursday voted 3-2 in favour of a $0.70 kW surcharge on all new solar customers from January 1, 2014, adding approximately $5 per month to their bills.