Latest headlines
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 ($40.1 million, €31.5...
REC refinances 50% of debt due 2014
REC recently announced it has reduced by 50% its debt maturing in the second quarter of 2014, worth US$ 206 million (NOK 1.2 billion).
Lux Research sees doubling of PV market up to 2018
Lux Research has announced that the solar sector is on the recovery path, set to reach US$155 billion in 2018. The industry is expected to ramp up rapidly to 61.7 GW in 2018 after modest growth to 35 GW in 2013. This is according...
JA Solar's shipments exceed Q1 target; narrows loss
Despite an 11.5% decrease in shipments in the first quarter of this year, the Chinese PV manufacturer exceeded its previous guidance of 410 MW to 430 MW.
Spain: Renewable energy premium payments rise by 19% in 2012
Premium payments in the entire renewable energy sector in Spain were 19% higher than envisaged in the 2012 outlook, while the total compensation in the photovoltaic sector in 2012 was close to the original forecast.
Brazil receives request for 392.4 MW of PV
Thirteen requests for regulatory authorization to develop and operate photovoltaic plants worth a total of 392.4 MW have been received last week, according to Brazil's national electricity regulator.
SEIA report: U.S. military cuts casualties and costs with solar energy
The U.S. Department of Defense (DOD) is one of the world's largest energy consumers. In recent years, all American military branches have changed their focus from fossil fuels to renewable energies. According to a SEIA report...
Power-One shareholders sue ABB
Swiss power and automation technologies giant ABB announced on April 22 the acquisition of inverter manufacturer U.S. Power-One. But shareholders of the American company are claiming that the US$1 billion sale price is too low....
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.
Siemens study shows Europe can save billions in renewables pursuit
Power generation solutions provider Siemens has released a study analyzing electrical power producing systems, especially renewable power plants, in Europe, and has identified the potential for optimization. Project siting has...
EU: Big discrepancy expected between provisional and final AD solar duties
The EU anti-dumping Committee met on Wednesday to discuss the EU’s Commission’s plans to impose AD duties on Chinese solar imports of an average 47%, but no results were reached. The EU member states now have until May 24 to...
JA Solar repays bonds
Chinese PV manufacturer JA Solar has repaid the US$119 million for convertible bonds that was due May 15. The company has stated that it remains commited to meeting all debt obligations to protect the interests of stakeholders.
Applied Materials reports losses in energy and environmental solutions segment
PV equipment manufacturer Applied Materials has posted its second quarter results for the fiscal year 2013. The Energy and Environmental Solutions (EES) segment recorded a GAAP operating loss of US$322 million, inclusive of...
Solar power rises in Japan with plans for 636 MW by 2015
Japan’s corporate giants are establishing major new solar projects in the country, with 636 MW planned by 2015. Japan Asia Group, Nippon Paper, Toyota and Mitsubishi are among the active players in the country’s booming solar...
LDK posts US$1.05 billion net loss in 2012; signs 500 MW supply contract
Debt-ridden LDK Solar has recorded an enormous 2012 net loss totaling US$1.05 billion, significantly up from the $608.95 loss seen in the previous year. Meanwhile, it has signed a wafer supply agreement worth 500 MW with...
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