Finance

The Chinese solar giant is considering floating its burgeoning plant development business after the Communist Party’s restated commitment to solar.

German EPC provider Enerparc helped install a 1 MW ground-mount project in Dagestan in just two weeks. Three German companies were involved in the Russian installation.

The European Photovoltaic Industry Association has backed calls by two committees of the European Parliament to extend the 2020 renewables commitment. The EPIA wants 45% of energy to come from renewables by 2030.

A Cologne court has cleared the final legal obstacle to SolarWorld’s debt-for-equity restructuring. Frank Asbeck ushers in ‘the birth of a new SolarWorld.’

Market research company Mercom Capital says public fundraising rose while VC funding declined in 2013. Large-scale projects flourished worldwide with 9GW added in the final quarter of last year.

Purchaser of Wuxi Suntech finances construction of six projects in China. The projects will add up to 130 MW of capacity in Xinjiang Uygur province.

Weiping Zhou has stepped down as interim CEO, CFO, director and president of Suntech Power Holdings. A brief statement to the SEC said the move – with immediate effect – was for ‘personal reasons.’

The first two vehicles leased by Slovakian company GreenWay have travelled further in six months than any other, the company claims. The distance travelled makes them cheaper to run than conventional vans, says Greenway.

The former Bosch subsidiary is expecting a $95 million loss for 2013. Revenues at the module manufacturing business fell 55.5% on 2012.

Jinko Solar will expand its production capacity with the addition of the bankrupt Topoint group’s production lines. Jinko will start operations, under lease, on Monday.