The acquisition will give the U.S. encapsulant manufacturer a major beachhead in China's growing PV market. For STR shareholdders, the deal could mean a $22.6 million dividend windfall.
Industry analysts expect the positive momentum seen in the solar sector throughout 2013 to continue in the new year. The U.S. Congress' tax reform could have long-term implications for U.S. investors and industry players, however.
The government will cut green certificates next year for all renewable energy projects finished after January, 2014, with solar PV certificates down to three per megawatt, from six currently.
Provisional 2013 Spanish figures show that while renewables continue to dominate, further growth for the solar sector is in doubt.
Greg Barker is expected to announce ambitious plans to dramatically increase the U.K.'s solar capacity in the new year.
Official figures show that Scotland now has 106 MW of PV capacity installed, a growth of 36% in just one year.
The four solar farms bring the Chinese solar company's annual grid connection capacity to 213 MW for 2013.
New rule bars the purchase of China-assembled solar panels for use in U.S. military sites, evoking the intended purpose of the Buy American Act.
The solar analysts forecast a record 12 months for solar installations, estimating 5 MW of PV to be installed every hour for the first three months.
The car giant has installed 40,000 solar panels on top of its production plant in the city of Asan. The installation will generation 11.5 million kWh of solar power a year.
India's largest industrial group has won government approval to postpone its solar fulfilment in the face of a shortage of PV generation.
DCH-Solargiga, a 70% equity-held subsidiary of Solargiga, and the Savannah Accelerated Development Authority (SADA) signed an agreement to form a joint venture to build 200 MW of solar PV in Ghana.
The renewable energy supplier must fulfil further appropriate conditions for its planned PV plant, to be built on a disused airfield in the English county of Norfolk.
Following last month's acquisition of Wuxi Suntech, Chinese solar module provider Shunfeng has settled the final $412 million balance.
Seoul's government has signed a memorandum of understanding (MoU) to jointly set up and operate a pilot 100 MW PV plant with its Uzbek counterparts.
The analysts forecast that the Mexican solar market will grow to 240 MW next year, outstripping its neighbours in South America.
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