After weeks of contract uncertainty and cash flow shortfalls, the struggling solar supplier has today filed for insolvency, and will be unable to make its impending corporate bond interest payment.

The country’s Department of Energy (DoE) says it is on track to meeting its target of tripling its renewable energy capacity by 2030.

The American renewable energy company will operate Zep Solar as an independent business unit following the multimillion dollar acquisition.

The funds will be invested in five PV and CSP solar projects in order to strengthen the country’s domestic solar manufacturing and speed-up commercialization of new technology.

Greggs, the U.K.’s most recognizable high street baker, has installed solar panels at 10 of its bakeries in an effort to reduce its carbon emissions by 25% by 2015.

The Swiss manufacturer installs 127 of its central inverters in five large-scale solar projects in the London area.

The third quarter of 2013 saw the U.S. install 930 MW of PV capacity, according to a joint report by the Solar Energy Industries Association (SEIA) and GTM Research.

Costing close to $40 million, the project acquired from Good Energy will become one of the U.K.’s largest PV plants once complete.

The state-owned China Development Bank has loaned the renewable energy company funds to finance the development of two PV projects in China.

U.S. President says government should lead by example, targeting 20% renewable energy use by 2020 for all 500,000 federal buildings.