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Finance

GCL issues profit warning

Ambitious GCL has warned shareholders it expects another loss for 2013. Plans for 1 GW of project development are a sign of the company’s hopes 2014 will bring salvation.

JFE breaks ground on 26.2 MW solar plant in Fukushima

The plant will be located at a former golf club in the Japanese prefecture, with completion scheduled for March 2015.

Suntech signs agreement over noteholder lawsuit

U.S. noteholders have secured a pledge to have their obligations treated on an equal footing with non-U.S. creditors. Suntech can now continue with Cayman Islands liquidation proceedings.

Yingli joint venture tops 100 MW of solar projects in China

The Chinese solar giant says its close cooperation with state-owned enterprises ensures long-term development of its downstream business across China.

Advanced Energy buys AEG control module business

The U.S.-based power conversion firm will contract AEG Power Solutions GmbH to manufacture modules at its factory in Germany.

Canadian Solar tops non-domestic brand in Japan

The global solar power company has shipped 508 MW of PV modules to Japan, claiming a 7% share of the market and becoming the largest foreign solar brand.

Online solar marketplace receives VC investment

Milk the Sun, a leading open online marketplace for trading PV systems, has attracted funding from Gründerfonds Münsterland and Howaldt Energies.

South Africa world's most attractive emerging country for solar

South Africa has topped IHS’ emerging PV market attractiveness rankings in the areas of in potential market size, project profitability and pipeline maturity, ahead of Thailand and Turkey.

SEIA praises Obama's solar support in SOTU address

The solar industry was singled out for special presidential praise in the address, with U.S. President Barack Obama drawing positive words from the Solar Energy Industries Association (SEIA).

Nippon Renewable Energy secures $250 million for Japanese solar projects

The independent solar utility company is developing a pipeline of more than 300 MW of solar projects. Four installations totaling 47.5 MW are set to begin construction.

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