Finance

Germany’s Conergy AG is reportedly in negotiations with a potential investor from Asia who may be willing to invest up to €50 million for a 30% stake in the company if banks accept a new deal.

New Mexico’s largest solar project is set to be completed by May 2014. First Solar scheme will sell energy to El Paso Electric under 20-year PPA.

Consultant predicts more than 45% of the world’s demand for solar power will come from the twin Asian markets in the rest of 2013. A record 35.1 GW of demand is predicted for the full year figure.

Solar equities investors are trying to navigate turbulent waters as uncertainty clouds the way to long-term safety and security.

China Sunergy saw revenue rise 13.4% in the first quarter of 2013 as it continued to expand operations in emerging markets. The company is aiming for a return to net profit in 2013.

German company is expanding South African presence with manufacturing facility and will supply 125 of its Sunny Central inverters to two new PV schemes announced today.

JPMorgan subsidiary is among the investors as San Francisco based third party ownership company builds on recent expansion into 11th state. CEO claims company is installing $2m of systems daily.

Cyprus electrifies 10 new solar PV parks totalling 1 MW. Installed PV capacity on the island has reached 25 MW with up to 100 MW more due in the next two years.

U.S. federal departments can buy Gehrlicher products such as rooftop and ground mount arrays and solar carports using online process thanks to five-year GSA contract. Extension options could mean 20 years of federal custom for subsidiary of German parent.

The U.S.’ historic climate change policy, announced today, has a role for solar, but only alongside natural gas, nuclear and CCS as “clean energy technologies.” Pledges will add up to more than 13 GW of renewables by 2025.