Mystery deepens over management responsible for Solibro insolvency

Chinese thin film manufacturer Hanergy told pv magazine in August the manufacturing division of Solibro had ceased to be one of its subsidiaries in December 2015 but a company presentation issued six months later would appear to indicate otherwise. Hanergy has been approached for comment.

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Singyes shareholders approve China bail-out

The margin of support for the proposed $198 million takeover by a Beijing entity came as no surprise and the deal now hinges on the holders of $430 million of defaulted debts supporting a delayed settlement of their claims. First up, though, is a date with a winding-up petition on Monday.

Meyer Burger resists rebel shareholder at EGM

The Swiss solar equipment supplier today fought off an attempt by its largest single shareholder to have a representative appointed to its board and to have its executive pay regime reviewed. Victory in that battle may secure the company some wiggle room, but the war over corporate strategy appears far from over.

Risen profits for HJT manufacturer

Ukraine’s favorite solar module manufacturer has posted another encouraging set of returns, after a difficult year in 2018. And Risen – which boasted 6.6 GW of annual production capacity at the end of last year, according to analysts at PV InfoLink – is committed to adding another 2.5 GW before 2022.

Investment firm buys 320 MW of renewable energy capacity in Italy

Italian fund Green Arrow Capital has acquired the extensive solar and wind power generation portfolio from London-based Quercus Investment Partners. The value of the transaction was not disclosed.

China installed 920 MW of household solar last month

Hopes are high up to 5 GW of residential solar capacity will have been added by the time this month’s figures are added, as the household solar feed-in tariff still applies – but only until Thursday. However, the AECEA consultancy has again revised down its overall new capacity expectation for the year.

German supplier fields orders for 10 GW of PERC cell production lines in three months

RENA Technologies may struggle to feed the insatiable demand for production capacity in China fast enough and has welcomed orders worth ‘tens of millions of euros’ from three big clients.

Four out of five fossil fuel giants dismiss findings of report into EU lobbying efforts

Exxon Mobil and BP did not produce figures for their clean energy investment activity and Total responded only with its ‘low carbon electricity’ spending. Shell stated it had invested €1.6 billion in clean energy from late 2016 up to June and Chevron gave details of its spending to reduce emissions and enable ‘greater diversity of energy sources’.

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Meyer Burger raises another $14m by selling software subsidiary

The Swiss solar equipment maker has already sold its corporate headquarters this week as it aims to generate a fighting fund until the hoped-for returns of a European PV manufacturing renaissance materialize.

UK’s Labour announces plans for 22 GW of new solar capacity by 2030

Although PV trails wind and nuclear in terms of its anticipated future footprint, the opposition party’s attempt to outflank left of center rivals on climate change has resulted in one of the world’s most ambitious national roadmaps towards a zero-carbon future.

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