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Solydra withdraws IPO; secures USD$175 million to develop business

U.S.-based Solyndra Inc. has withdrawn its request from the Securities and Exchange Commission to proceed with an initial public offering (IPO) of shares of its common stock, due to “adverse market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.

Etrion to acquire over 30 MW of solar power projects in Italy

The Etrion Corporation is to acquire more than 30 megawatts (MW) of solar power projects in Italy, worth around €45 million.

Energy providers invest in Sharp solar power plants

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.

New PV association formation underway

The formation of a new professional association to advance the photovoltaic engineering and related manufacturing professions is underway, following a meeting held at Flextronics Inc.’s campus in California, the U.S.

Satcon and Horizon Technology Finance enter into USD$12 million debt facility agreement

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.

SunEdison to develop 2 PV projects in Ontario

SunEdison has purchased two ground-mount photovoltaic (PV) development projects in Ontario from Transalta, Canada’s largest publicly traded generator and marketer of electricity and renewable power.

Germany: Bundestag and Bundesrat remain divided over FITS issue

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.

Spanish associations still struggling with government over FITs

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.

Availability of critical raw materials for PV under pressure

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 enters into USD$2.55 billion sales contract

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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