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Finance

China State Grid becomes shareholder of Dii

The world’s largest power utility joins the Desertec Industrial Initiative via its subsidiary, China Electric Power Research Institute (CEPRI).

S.A.G. Solarstrom announces insolvency

After weeks of contract uncertainty and cash flow shortfalls, the struggling solar supplier has today filed for insolvency, and will be unable to make its impending corporate bond interest payment.

Yingli jubilant at completion of world's largest PV-hydro hybrid project

The Chinese module manufacturer supplied 15 MW of modules for the Longyangxia Dam project, and has expressed its congratulations on its successful grid connection.

US Energy Department backs solar manufacturing industry with further $13 million

The funds will be invested in five PV and CSP solar projects in order to strengthen the country’s domestic solar manufacturing and speed-up commercialization of new technology.

Astronergy buys Conergy module factory in eastern Germany

The Chinese company, which will continue to supply Conergy with modules, says the “made in Germany” label offers quality and security for its long-term investment.

Retrospective measures harming Europe's PV industry, says EPIA report

Constant pan-European meddling at government level has undermined many European PV markets, says the report, harming confidence and putting government credibility at risk.

S.A.G. Solarstrom's credit rating suspended

The German developer has had its BB+ credit rating suspended. The move comes after Friday’s loss of a major project development contract.

EDF enters Indian solar market

French electricity utility EDF’s renewables arm has signed a JV with Indian solar company Acme. The Acme Solar JV is aiming to develop an initial portfolio of 200 MW in the country.

Canadian Solar lands 8.7 MW module order

The Chinese manufacturer says the 8.7 MW project in Durango is just the first phase of an eventual 200 MW ‘mega-project’. The Durango project is expected to open in the first quarter of 2014.

Heraeus ramps up Singapore paste production

A newswire story reporting the development quotes an Heraeus VP talking of Singapore’s ‘lean management’ benefits. The report claims Heraeus’ Hanau unit will focus on technical service and operations.

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