Describing the deal as "a significant milestone" in its global expansion, SPI said it would pay nearly $92 million in cash and company shares for Sinsin Renewable Investment Limited.
Greece's Environment Ministry is set to introduce new measures in the hopes of reaching a long-term solution, including FIT cuts and loan extensions. Consumers, however, face still more RES fee hikes.
US semiconductor giant Applied Materials has reported more gloomy news from its solar division. With a manufacturing overcapacity worldwide, PV companies are not investing in plant, says Applied.
Production capacity investments by Canadian Solar and SunPower will be the first of many, predicts IHS. The market research company is also predicting microinverters will start to gain traction this year.
A solar analyst predicts the world's most generous FIT will be cut by 14% from April. A committee of experts has revised down its estimate of operation and maintenance costs for solar.
Figures released by the country's Ministry of Infrastructure and Environment reveal that Amsterdam leads the way, with more than 16 MW of solar power installed.
The Chinese company has provided 13 MW of modules to a U.K. solar park and announced it is to begin producing solar panels in Japan.
The country's grid-connected solar capacity soared from 6.7 MW in December to more than 100 MW the following month.
The new plant will provide 35 percent of the Arizona military base's electricity demand. The U.S. Air Force is working to increase its use of renewable electricity to 25 percent by 2025.
Lower sales in the company's solar division and falling semiconductor material prices, coupled with high charges related to a facility closure, contributed to its profit plunge.
Developer First Solar has agreed to undertake significant project design changes and mitigation measures to minimize impacts to wildlife, including the endangered desert tortoise.
Heterojunction silicon technology offers a higher level of efficiency than standard cells and a simpler production process. It also boasts remarkable temperature characteristics and low-cost mass production of PV modules.
The German company expects improved sales and shipments in the next two years, with a possible pre-tax profit in 2015, but the forecast remains conditional and subject to change.
Residential rooftop solar systems are getting a new look from Dutch construction company BAM Woningbouw and German manufacturer Renusol.
The search engine giants have given financial backing to SolarAid to assess the impact solar power can play in alleviating poverty in Africa.
The Spain-based renewable energy company has broken ground on 30 MW of solar projects located in Southern California.
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