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Finance

US solar industry enjoys second-best quarter

The second quarter of 2013 saw the U.S. install 832 MW of solar capacity – a 15% increase on Q1 and only beaten by Q4 2012, when 1,311 MW were installed.

French government pledges EUR 18.5 million for solar research institute

The cutting-edge establishment — Institut Photovoltaique d’Ile-de-France (IPVF) — will be part-funded by the country’s state-backed French National Research Agency (ANR) to promote solar R&D.

Conergy wins 22 MW order in the Philippines

The German solar giants will install their solar panels for local investor San Carlos Solar Energy Inc. in what is their first foray into this emerging Southeast Asia market.

Suntech to challenge Chapter 7 filing for involuntary bankruptcy

The troubled solar company has until November 6 to respond to the petition filed against it calling for involuntary bankruptcy.

Swaziland to construct 100 MW solar farm

The new $185 million PV installation will be the first of its kind in the southern African nation, generating clean power at $0.12 per kWh.

US public land solar auction fails to attract bidders

Inaugural federal auction held by the Bureau of Land Management (BLM), arranged in response to growing private sector interest in solar development, receives no bids.

LDK Solar arranges second 30-day payment extension

The debt-saddled manufacturer has negotiated another 30-day period in which it will pay no interest on its loans as the company explores financing options.

Chicago Solar Express project simplifies rooftop PV for city residents and businesses

Project designed to cut rooftop PV installation times from 30 days to one, reduce costs by 25% and streamline permit and zoning process.

Two Centrosolar Group AG subsidiaries leave protective shield, file for preliminary insolvency

The latest financing concept for the stricken PV supplier sees Centrosolar AG and Centrosolar Sonnenstromfabrik GmbH lose creditor protection as the group attempts to stay afloat.

Suntech acquisition could cost almost $1 billion

Sources close to Shunfeng’s planned acquisition of Wuxi Suntech speculate it could cost CNY5 billion-6 billion. Shunfeng has suspended trading in its shares pending an announcement on the deal.

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