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Markets |
EU ProSun reports over 1,000 violations of the solar trade deal between the EU and China |
EU ProSun claims that EU trade rules are being systematically violated by Chinese manufacturers. © Shutterstock images LLC | 06.06.2014: SolarWorld-led coalition EU ProSun, whose complaint triggered the EU antidumping and anti-subsidy investigations into Chinese solar imports in late 2012, has submitted over 1,000 pages of documentation to the European Commission's Directorate-General for Trade that allegedly contain approximately 1,500 proposals by Chinese solar companies offering prices below the minimum level agreed by the EU Commission and China. Milan Nitzschke, president of EU ProSun said: »EU trade rules are being systematically violated by Chinese manufacturers. Not one Chinese manufacturer seems to follow the agreed minimum prices for imports into the EU.« EU ProSun is calling on the Commission stop these alleged violations and implement sanctions. The EU imposed anti-dumping duties on Chinese solar imports in mid-2013. In order to circumvent these duties of around 50%, over 100 Chinese solar manufacturers offered the EU a contractual undertaking to only import above a minimum price of €0.56 ($0.76) per W. The European Commission and the European Council agreed to this minimum price offer. © PHOTON http://www.prosun.org http://www.prosun.org/de/component/downloads/downloads/225.html Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link: http://www.photon.info/newsletter/document/86451.pdf | |
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Markets |
Brazilan Senate committee approves bill to introduce tax exemptions for PV |
06.06.2014: The Brazilian Senate Committee for Infrastructure has approved PLS 317 / 2013, a senate bill that aims to exempt individuals and companies that install solar thermal or PV systems from having to pay the import tax IPI (Imposto sobre a Importação) on solar components acquired for their projects. The proposal will now be examined by the Senate Committee on Economic Affairs. The Brazilian Parliament is also discussing a bill that would introduce tax breaks for PV and wind power projects. Senate bill 5539 / 2013, submitted by the deputy and former governor of the state of Mato Grosso, Júlio Campos, aims to exempt PV and wind project developers from paying the federal VAT (IPI) and the import tax (II) on components used for their generation projects. The proposed law is set to be reviewed by Parliament's energy and finance committees. The Brazilian government currently grants grid-fee exemptions for PV power plants up to 30 MW. © PHOTON http://www.senado.gov.br http://www12.senado.gov.br/noticias/materias/2014/06/04/ci-aprova-proj eto-que-incentiva-geracao-de-energia-solar Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link: http://www.photon.info/newsletter/document/86421.pdf | |
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Business |
China Sunergy to provide KosiFrankensolar with 50 MW of modules for Turkish PV projects |
06.06.2014: Chinese solar cell and module manufacturer China Sunergy Co. Ltd. (CSUN) has signed a framework module supply agreement with KosiFrankensolar, the Turkish subsidiary of German PV system provider Frankensolar GmbH. Under the terms of the agreement, China Sunergy will provide KosiFrankensolar with 50 MW of solar modules by the end of 2014 for the construction of several PV plants in Turkey. All of the PV plants will have a capacity of less than 500 kW, which means that KosiFrankensolar will not have to obtain a development license for any of the projects. Under Turkish legislation approved in February 2012, developers can install an unlimited amount of PV capacity in Turkey as long as every system is smaller than 500 kW. CSUN has not provided more details on the projects, nor has it disclosed the financial terms of the supply agreement. © PHOTON http://www.chinasunergy.com http://investors.csun-solar.com/phoenix.zhtml?c=211846&p=irol-newsArti cle_Print&ID=1937162&highlight= Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link: http://www.photon.info/newsletter/document/86434.pdf | |
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Business |
IDB to finance 72.8 MW PV project in northern Chile |
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Business |
Schmid scores large order for wet chemical equipment |
06.06.2014: German PV equipment maker Schmid Group has agreed to provide Chinese metallurgy company Youser Group with 380 MW of wet chemical equipment for a solar cell factory Youser is building in Shaanxi Province, northwest China. According to Schmid, the cell factory will ultimately have a production capacity of 1 GW, but in a first stage, Youser will install 500 MW of production capacity. The financial terms of the supply agreement were not disclosed, nor was a planned delivery date. © PHOTON http://www.schmid-group.com Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link: http://www.photon.info/newsletter/document/86422.pdf | |
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Finance & economics |
SunEdison launches $500 million note offering |
06.06.2014: US solar developer and technology provider SunEdison Inc. intends to issue $500 million of convertible senior notes due in 2020 in a private placement. The notes will only be available to qualified institutional buyers. The initial purchasers will also be offered a 30-day option to purchase an additional $100 million of notes on the same terms and conditions. The initial conversion rate for the notes will be 37.2148 shares of common stock per $1,000 principal amount of the notes, which is equal to an initial conversion price of approximately $26.87 per share, representing a conversion premium of approximately 30% above the closing price for SunEdison shares on Jun 4. The notes will mature on Jan. 15, 2020 and will bear interest at a rate of 0.25% per year. The offering is expected to close on Jun. 10. SunEdison estimates that the offering will results in net proceeds of approximately $487 million (or approximately $584.5 million if the initial purchasers exercise their option to purchase additional notes in full). The company intends to use approximately $350 million to $400 million of the net proceeds to fund acquisitions, development and construction costs and for the repayment of project-related debts. The remaining proceeds will be used for working capital and to fund future offerings. © PHOTON http://phx.corporate-ir.net/phoenix.zhtml?c=106680&p=irol-newsArticle_ Print&ID=1937598&highlight= http://phx.corporate-ir.net/phoenix.zhtml?c=106680&p=irol-newsArticle_ Print&ID=1937188&highlight= Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link: http://www.photon.info/newsletter/document/86432.pdf | |
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Finance & economics |
SunPower to raise $400 million through new offering |
06.06.2014: US-based solar products manufacturer and project developer SunPower Corp. intends to issue $400 million of senior convertible debentures due in June 2021. The interest rate, initial conversion rate, offering price and other terms will be determined by negotiations between SunPower and the initial purchasers of the debentures. The debentures will be convertible into shares of SunPower's common stock with a par value $0.001 per share. Total Energies Nouvelles Activites USA, a subsidiary of France's Total S.A., which owns approximately 60% of SunPower's common stock, has agreed to purchase $250 million of the $400 million of debentures. SunPower intends to use the net proceeds from the offering for general corporate purposes, including retirement of existing indebtedness, pursuing its HoldCo strategy, capital expenditures and working capital. © PHOTON http://www.sunpowercorp.com http://investors.sunpower.com/releases.cfm?sh_auth=2894023010.0.0.4165 4.7a712b1e8968ff9bb2d080ddcf7d6344 Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link: http://www.photon.info/newsletter/document/86420.pdf | |
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Finance & economics |
Trina Solar launches share and note offerings |
06.06.2014: Chinese module manufacturer Trina Solar Ltd. has launched an offering of 8,800,000 American Depositary Shares (ADSs), each representing 50 ordinary Trina shares with a par value of $0.00001 per share. Trina Solar has granted the underwriters for the offering a 30-day option to purchase up to an additional 1,320,000 ADSs to cover over-allotments. The company also commenced a concurrent offering of $150 million of convertible senior notes due in June 2019. Trina Solar has granted the initial purchasers in the notes offering a 30-day option to purchase up to an additional $22.5 million of notes. The closing of the ADS offering is contingent upon the closing of the notes offering, and vice versa. The ADSs are being offered under the company's existing shelf registration statement, which was filed with the Securities and Exchange Commission and automatically became effective on Jun. 4, 2014. The company did not say what it would do with the proceeds from the offerings. © PHOTON http://ir.trinasolar.com/phoenix.zhtml?c=206405&p=irol-newsArticle_Pri nt&ID=1937471&highlight= http://ir.trinasolar.com/phoenix.zhtml?c=206405&p=irol-newsArticle_Pri nt&ID=1937470&highlight= | |
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Business |
ABB to provide Smart Centers and grid connections for three PV plants in Japan |
06.06.2014: Swiss-Swedish power and automation technologies group ABB will provide its Smart Center technology and grid connections for three PV plants totaling 6 MW being built in Japan. The PV projects, which each have a capacity of 2 MW, are being developed by Spanish company ECE (European Clean Energies) in Tsukuba, Ibaraki Prefecture. ABB will install two Smart Centers for each plant. The ABB Smart Center is a new product that includes inverters, transformer, switchgear and monitoring systems in single package. The combined systems are designed to fit into a 40-foot standard open top container, which can be transported as a single component to minimize on-site cabling and installation requirements. ABB will supply the grid connection technology for each PV plant. All three solar parks will deliver power to energy supplier Tokyo Electric Power Co. © PHOTON http://www.abb.com http://www.abb.com/cawp/seitp202/09136B284F093C42C1257CED004564EB.aspx Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link: http://www.photon.info/newsletter/document/86415.pdf | |
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Business |
BNRG Renewables completes 30 MW of PV plants in the UK |
BNRG Renewables recently completed construction of a 20 MW PV power plant in Kent and a 10 MW plant on the Isle of Wight. © BNRG Renewables | 06.06.2014: Irish PV project developer BNRG Renewables has completed construction of two PV plants with a combined capacity of 30 MW in the UK. A 20 MW plant was developed in Kent, while a second 10 MW PV project was built on the Isle of Wight. The company invested €52 million ($70.7 million) in the projects. BNRG also revealed that expects to sign construction contracts for a 15 MW PV plant in West Sussex in the near future. © PHOTON http://www.bnrg.ie http://www.bnrg.ie/news/e52m-of-energy-projects-completed/ Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link: http://www.photon.info/newsletter/document/86439.pdf | |
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Business |
Hanwha Q-Cells provides modules for 26.2 MW PV plant in Japan |
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Business |
Marubeni completes 4.3 MW solar project in Hokkaido, Japan |
06.06.2014: Mibugawa Power Co., a subsidiary of Japanese trading company Marubeni Corp., has completed construction of an 4.3 MW PV power plant in Shimizu town, Kamikawa County, Hokkaido, Japan. The project will receive FIT incentives for 20 years. The company did not disclose the project's required investment. In mid-April, Marubeni completed an 82 MW PV power plant on a coastal industrial site in Oita Prefecture, in southwest Japan. The company claims the plant is the largest solar facility »in Japan among individual company projects at a single location.« Marubeni also owns a 1.1 MW solar park in Miyazaki and is currently developing three more projects on Japan's main island, Honshu. These consist of a 49 MW project in Aichi/Mie, a 28.3MW plant in Miyagi and 2.2 MW solar park in Fukushima. © PHOTON http://www.marubeni.com http://www.marubeni.com/news/2014/release/00025.html Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link: http://www.photon.info/newsletter/document/86418.pdf | |
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Business |
Orix breaks ground on 51 MW PV project on Japanese golf course |
Orix plans to install a 51 MW PV power plant on the site of a former golf course. | 06.06.2014: Japanese financing and leasing company turned solar developer Orix Corp. has started construction on a 51 MW PV power plant in Tsu City, Mie Prefecture, Japan. The PV plant, which is being installed on the site of a former golf course, will consist of 204,120 solar modules from an unnamed provider. Construction is scheduled to be completed in May 2016. The company has not revealed how much will be invested in the project. © PHOTON http://www.orix.co.jp http://www.orix.co.jp/grp/en/news/2014/140604_ORIXJ.html Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link: http://www.photon.info/newsletter/document/86417.pdf | |
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Business |
ReneSola completes 10 MW PV plant in southwest Germany |
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