Latest headlines
Wuxi Suntech owes US$2.5 billion to local creditors
Chinese photovoltaic manufacturer Wuxi Suntech Power Holdings Co., a Suntech Power subsidiary, owes a domestic debt of $2.5 billion to local creditors, according to media reports.
Centrosolar shareholders approve debt-for-equity swap
Centrosolar sharholders have approved a debt-for-equity plan that will drastically reduce debt by swapping outstanding liabilities for 5.5 million new company shares as part of a restructuring plan.
Yingli revises module shipment outlook for Q1
Chinese PV module manufacturer Yingli Green Energy is expecting PV module shipments in the first quarter to be better than earlier estimates.
SunPower plans to sell US$300 million of convertible debentures
The California photovoltaic manufacturer has plans to sell debenture bonds worth $300 million.
Centrosolar bond holders approve conversion deal
Centrosolar Group AG’s creditors have overwhelmingly agreed to swap outstanding debt from a €50 million bond for 5.5 million newly issued shares in the German PV company.
Chinese court sides with Canadian Solar in contract dispute with LDK
In a legal win for Canadian Solar Inc., a Chinese court has dismissed a request by LDK Solar to enforce an arbitration award decision by a state trade arbitration commission amounting to CNY 248.9 million ($40.1 million, €31.5...
China waits on EU verdict
China to wait on EU solar panel anti-dumping decision before announcing results of its own probe into polysilicon imports.
Gehrlicher secures €85 million in financing as it seeks to expand international operations
Germany’s Gehrlicher Solar AG has received €85 million in financing for another two years from an international group of banks led by BayernLB.
SNEC: Trade case uncertainty further depresses investment
As the 2013 SNEC tradeshow closes its doors in Shanghai, uncertainty over the EU trade case and lack of cash flows remain major impediments to investment and innovation. New business opportunities in emerging markets are also...
Suntech reaches deal with bondholders
Suntech Power Holdings Co., Ltd. announced on Wednesday that it had agreed on a new forbearance deal with the majority of holders of its convertible notes.
SunPower issues positive 2013 guidance
SunPower has issued guidance for the FY and Q2 2013. Overall, it expects a slight increase in revenue and gross margin compared to 2012, and increased photovoltaic production. It additionally issued details of its global power...
China’s Hanergy acquires UK-based Engensa
Hanergy has acquired U.K. solar installation firm Engensa for an undisclosed sum. The China-based thin film photovoltaic cell and module manufacturer is looking to expand its presence in the country’s residential solar market.
SMA sees revenue drop nearly 50% in Q1
Germany’s SMA Solar Technology reported a 47.6% drop in sales to €212.3 million in the first three months of the year as the company struggled with subsidy cuts in major markets, the still unresolved debt crisis and the...
Trina Solar revises Q1 results down
When solar manufacturers update their financials at the moment it is rarely to bring good news and Trina Solar was no exception as it updated its Q1 performance today.
Spire posts Q1 loss of $2.6 million, 57% drop in sales
Reflecting the manufacturing slowdown in the global PV market, U.S. solar group Spire Corporation has posted a 57% drop in its first quarter revenue to $3.2 million.
Centrosolar sees Q1 revenue drop 46% as domestic market worsens
Centrosolar Group AG's preliminary first quarter results reflected both a sharp decrease in the sale of PV modules and the general downturn in the German PV market.
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