The owner of Suntech, currently one of the largest solar energy companies in the world, Shunfeng International, has acquired a majority stake in the US-based solar cell + module manufacturer Suniva, according to recent reports. Shunfeng is now a 63% stakeholder in Suniva. Other minority stakeowners currently include: Goldman Sachs, … [continued]
Originally published on Solar Love. Almost across the board, it is expected that the phasing out of the federal investment tax credit (ITC) for solar will result in a big drop in US solar power installations… unless it is renewed, of course. However, one segment of the market that may be … [continued]
Solar energy enthusiasts, here’s another solar energy news roundup. Enjoy! Solar panel prices have dropped 80% since 2008, and wind power prices are down too. (Planetsave) Recurrent Energy, a US-based subsidiary of Sharp Corporation, is reportedly up for sale. Notably, Recurrent Energy promised an astonishing 5¢/kWh solar electricity supply to Austin Energy in May, … [continued]
2013 saw less venture capital (VC) funding raised for solar startups than 2012. The 2013 total was $600 million across 97 deals, whereas the 2012 total was $992 million across 106 deals. While solar power is skyrocketing, VC funding has ironically fallen. However, a handful of top solar startups have … [continued]
It’s no secret — China is installing solar power faster than you can say “Bob’s your uncle.” The recently announced goal of one large Chinese solar developer is just another indication of that, but it’s certainly a big one. Shunfeng Photovoltaic says that it is now aiming to install 20,000 megawatts … [continued]
Originally published on RenewEconomy China is looking to switch the emphasis of its booming domestic solar market towards the “distributed” market – essentially rooftop and small, local, plants – rather than large, utility-scale solar farms. China – for several years the largest exporter of solar modules – is widely expected … [continued]
Prominent Chinese solar manufacturer Jiangsu Shunfeng has announced the details behind its planned acquisition of Wuxi Suntech. The move for consolidation of the two noted corporations will, if successful, do a great deal to improve the position of real estate magnate Cheng Kin Ming with regards to the solar energy … [continued]
The world’s largest producer of solar silicon is able to move forward with the construction of a ground and rooftop solar farm that’s to be the largest in China. With a planned capacity of 330 MW, the Datong Shanxi solar farm demonstrates the government’s strong determination to support China’s increasingly troubled solar power industry. […]
