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Finance

UK energy minister to call for 4 million more solar panels

Greg Barker is expected to announce ambitious plans to dramatically increase the U.K.’s solar capacity in the new year.

JinkoSolar connects 80 MW PV project to China grid

The four solar farms bring the Chinese solar company’s annual grid connection capacity to 213 MW for 2013.

Shunfeng settles balance for Wuxi Suntech

Following last month’s acquisition of Wuxi Suntech, Chinese solar module provider Shunfeng has settled the final $412 million balance.

Solargiga seals 200 MW deal in Ghana

DCH-Solargiga, a 70% equity-held subsidiary of Solargiga, and the Savannah Accelerated Development Authority (SADA) signed an agreement to form a joint venture to build 200 MW of solar PV in Ghana.

Global PV installations to reach 45 GW in 2014, say IHS

The analyst’s new white paper looks ahead to next year, forecasting a PV recovery fueled by increased capital spending and module price stability.

GCL Poly negotiates supply contract resolution

The poly-manufacturer-turned-solar-developer has amended the terms of a contract to buy solar wafer manufacturing equipment. A claim had been lodged over an alleged breach of the $232 million agreement.

Belectric, Solar Frontier join forces

German plant developer Belectric has formed an EPC alliance with thin-film manufacturer Solar Frontier and engineering and construction firm Shoseki to exploit opportunities in Japan.

Orka completes 6.3 MW of projects in Belgium

The Belgian developer partnered with Martifer Solar and Cofely Solar Technics on the large-scale commercial rooftop installations in Brussels.

NextEra lands new $750 million credit line

The Juno Beach-based energy company has replaced a $500 million credit line for one of its renewables subsidiaries that expired last week. Another NextEra business has issued $297.5 million of notes to finance a 147 MW wind farm in Ontario.

Goldpoly to be renamed

Polysilicon manufacturer Goldpoly New Energy Holdings will rename itself the United Photovoltaics Group. The company’s Zhongli Changzhou subsidiary acquired a 45% stake in three Chinese plants at the weekend.

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