Manufacturing

Investors hit by a profit warning last month are given fresh cause for concern. Shunfeng has now pledged to reveal details of the acquisition on Friday.

The prime candidate to follow Chaori Solar into a Chinese default insists it will meet its obligations over a 2018 note. But brokerage has voiced concerns about Tianwei’s ability to roll over its bank loans.

As investors contemplate the eventual expiration of the federal investment tax credit, the state of Iowa has raised the credits available for residential and business installations. Minnesota has prepared America’s first methodology for calculating a solar tariff.

Under the unprecedented agreement between Austin Energy and SunEdison, the utility will buy solar power for less than $0.05 per kilowatt hour.

Indian solar lamp supplier Loop Solar says the country’s off-grid solar lighting market will explode over the next five years. The company says the market will grow despite, rather than because of, a federal incentive scheme.

U.S. solar player First Solar has announced completion of a 1.3 MW solar project in Japan. The Arizone company has full ownership of the Kitakyushu-shi scheme.

The nation’s previous overreliance on residential installations has been corrected as the commercial and utility segments have grown more rapidly during the country’s 18-month solar boom.

Trading in panel maker Baoding Tianwei Baobian Electrical’s shares has been suspended after the company reported back-to-back annual losses. A domino effect could be about to kick in in the Chinese solar sector.

The African Renewable Energy Fund closed its first round of capital raising with $100 million in the bank. The fund hopes to double the amount available for 5-50 MW schemes within 12 months.

The Chinese ingot, wafer, cell and module manufacturer posted another loss in its latest figures. But the Hanwha CEO is preparing to expand production capacity to meet demand.