U.S.-based Solyndra Inc. has withdrawn its request from the Securities and Exchange Commission to proceed with an initial public offering (IPO) of shares of its common stock, due to adverse market conditions and the availability of alternative funding from existing investors.
The Etrion Corporation is to acquire more than 30 megawatts (MW) of solar power projects in Italy, worth around 45 million.
Sharp Energy Solution Europe has announced it will be building solar power plants for energy providers in Germany. A sum of 6 million has already been invested last year.
Satcon Technology Corporation has entered into a USD$12 million subordinated debt facility with Horizon Technology Finance. The company has said it will utilize the proceeds of this transaction to further strengthen its working capital as it plans for continued worldwide growth.
The mediation committee between the German Bundestag and the Bundesrat for solar promotion – set up to find a compromise regarding the issue of feed-in tariffs (FITs) – failed to reach a consensus after meeting for the first time yesterday.
Until now, the Spanish photovoltaics associations have not been able to come to a compromise in terms of the planned reductions of feed-in tariffs. Negotiations were held between the parties yesterday.
The availability of critical raw materials for products like thin layer photovoltaics (PV) is coming increasingly under pressure, according to a new report published by the European Commission, due to the growth of developing economies and new emerging technologies.
Apollo Solar Energy Technology Holdings Limited, Fujian Apollo and Hanergy have entered into a principal sales contract worth USD$2.55 billion.
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