Legal

U.S. solar lease provider and online photovoltaic system retailer Sungevity has secured up to US$125 million, to continue to roll out its products. The funding comes in the form of $40 million equity funding and $85 million in project funding.

In a panel report issued yesterday, December 19, the World Trade Organization (WTO) confirms that Ontario’s renewable energy FIT, which includes a domestic content requirement, breaches WTO rules.

Wirsol and Greenpower Capital have formed a joint venture to provide project finance, EPC and O&M to the Japanese solar market. The services are tailor-made to fit photovoltaic projects 10 MW and above.

India’s Ministry of Commerce has officially launched anti-dumping investigations into imported solar cells from China, Taiwan, Malaysia and the U.S. The investigations will decide if retroactive duties should be imposed.

The new Green Investment Bank has been officially opened. The institution has been funded with £3 billion (€3.7 billion) government funds.

SunEdison has announced today that it has closed US$314 million in financing for two utility scale photovoltaic power plants in South Africa. Plans to develop the 30 MW Witkop Solar Park and the 28 MW Soutpan Solar Park can now go ahead.

The argument for and against the duties on Chinese PV products dominated the CEO panel that took place at the 13th Forum Solarpraxis.

Members of the European Parliament at a plenary debate yesterday stated that they expect the European Commission to speed up its investigation against the Chinese price dumping allegations. EU ProSun made this statement in a press release today.

In a new study, AFASE has laid out the consequences it expects anti-dumping and anti-subsidy duties on Chinese photovoltaic manufacturers in Europe will have. Expected European-wide is a fall in demand, job losses and price increases.