In Hanergy Thin Film Power Group's 2015 annual report, issued today, the company's independent auditors, Ernst & Young, emphasized that heavy losses in 2015 plus a lack of transparency regarding well over HK$5.5 billion ($710...
The Munich-based project developer may have folded, but its management is looking to transfer the group's core assets to a Swiss subsidiary with a new focus on emerging markets around the globe.
Brazil's industrial and economic powerhouse, which boasts twice the maximum global solar irradiation of Germany, is looking to install 1 GW of solar capacity by 2020.
Solar is booming in Ukraine thanks to attractive FIT rates but the country's tarnished political system is keeping foreign investors out of the country, say industry insiders.
As it prepares to divide its silicon and module business units, Norwegian group REC is looking to entice wary bondholders with a new offer.
The Kostanz based solar manufacturer has agreed to settle two long term wafer supply deals with a one-off payment and has rescheduled its bank debts. Sunways now expects to exit insolvency.
PacWest says the Brazilian government is offering it incentives to set up a CIGS production line in the country.
Quarterly losses from the Alternative Energy division of the U.S. power company widened to $29 million year on year but solar farms did their bit for NRG's Yield infrastructure division.
The European manufacturers' lobby group welcomes the announcement the anti subsidy investigation into Chinese solar products will continue in a bid to prevent the EC quietly letting the complaint disappear.
Threat of lawsuits fly back and forth as Maltese developer of the OneGiga project claims the land offered by the Serbian government was inappropriate and Belgrade officials say the Maltese company broke an investment agreement.
A new report examining renewable energy in the MENA region finds that "PV is experiencing rapid growth due to its tremendous potential and continuously decreasing technology costs," with a current pipeline of 2.3 GW.
SMA posted a hefty loss as sales plunged in the first six months of 2013, but the inverter manufacturer is expanding operations abroad and hopes to benefit from the trend towards energy management and hybrid systems.
SunEdison reported a "solid execution" in its semiconductors segment and a continued growth in its solar project pipeline despite $102.9 million net loss in the second quarter.
Germany's Phoenix Solar has achieved its first quarterly operating profit since 2010 while posting a half-year net loss. Now focusing on foreign markets, it generated more than 90% of its revenue from international business.
The restructuring deal will give creditors a major stake in the company while drastically reducing the stock of existing shareholders. The move may not be enough to insure SolarWorld's long-term prospects, says one analyst.
Anti-dumping tariffs and the recent agreement with China on minimum import prices have removed any possible injury to EU companies, making anti-subsidy duties unnecessary, according to the EC.
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