Jiangsu Shunfeng will pay $483 million for Wuxi Suntech, which operates two production plants with annual production capacities of 1.6 GW for solar cells and 2.4 GW for solar modules.
The two countries are on the verge of a WTO dispute over Indian domestic content requirements. The US will reportedly make a decision once details of the next batch of the National Solar Mission are released.
The credit line will bankroll two PV projects with a combined capacity of 35 MW that have already gone online.
Positive financial year underlined by expansion into French market and revenue increase of Eur 57 million ($78.5 million).
Chinese manufacturer Solargiga has reported a slowing in its operating loss for 2013, suggesting that the company is bouncing back after a disastrous 2012.
Monthly stock report shows impressive uptick for the Arizona company, while SunPower continues to create a buzz.
Canadian Solar has won financing of CAD $50.5 million for its solar power plant in North Dundas in the Canadian province of Ontario.
Having warned last week that the Chinese solar company’s status was under review, the NYSE yesterday determined that LDK was no longer suitable for listing.
The Senate of the U.S. state voted unanimously 46-0 to boost state tax credits for solar PV installations.
Strong start to 2014 follows encouraging 2013 in which the company significantly reduced its consolidated net loss from the previous year.
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