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Finance

Belectric USA to install 60 MW of PV in Puerto Rico and California

The combined capacity of 60 MW will be spread over several ground-mounted solar power plants in the U.S. state and Puerto Rico.

Solutronic insolvency evidence of overcrowded German inverter market, say IHS

Intense price pressure and a rapid decrease in solar inverter shipments has pushed domestic suppliers to the brink, according to analysts.

JinkoSolar signs strategic agreement to develop 120 MW PV plant in Jiangsu Province, China

The plant will be located at the Electromechanical Industrial Park, covering an area of 1.2 million square meters and due to come online within three years.

Canadian Solar commences construction on Canada's largest PV project

The 100 MW Grand Renewable Solar Project in Ontario is being developed by Samsung Renewable Energy and is expected to be operational by 2015.

Conergy acquires 20% of Thailand PV market share with new 21 MW solar project

The PV solution and service provider has installed more than 70 MW of PV capacity in Thailand since 2012, and with a pipeline exceeding 100 MW is the market leader in Thailand.

XsunX introduces new solar power project development services

The renewable energy technology company has expanded into solar power project development and construction services.

Centrosolar applies for creditor protection

The German PV manufacturer has applied for a protective shield at a local Hamburg law court in order to protect the company from anticipated creditor demands during a restructuring process.

1366 Technologies raises $15 million for solar wafer plant

The Massachusetts, U.S.-based company received the backing in a Series C financing round led by Japan’s Tokuyama Corp. The money will be invested in a plant capable of manufacturing 250 MW of solar cells a year.

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IHS cuts global inverter market forecast in face of dramatic price drops

Despite enjoying a 7% increase in shipments in 2013, the solar inverter market will contract by 9% as manufacturers are forced to lower their prices as competition increases and demand falls.

Walmart and Costco top commercial solar users in US, SEIA study finds

The Solar Energy Industries Association (SEIA) in the U.S. publishes its latest Solar Means Business report, finding that the country’s two largest retailers are committed to solar power.

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