Conergy sues 4 former board members
The dust apparently refuses to settle at the Hamburg-based photovoltaic company. Conergy has now decided to sue four of its former members of the board for violations as established under the German Stock Corporation Law.
Italy: Banks loan 110 million for 5 PV projects
A consortium of banks have provided 110 million in financing for five photovoltaic projects worth 30.4 megawatts (MW) in Italy.
Conergy denies rumors of production line closures in Frankfurt Oder
Following rumors that Germany-based Conergy is looking to reduce its Frankfurt, Oder manufacturing operations and close down certain production lines, a works council called a meeting to inform the employees about the situation.
Madico expands its Performance Analysis Lab: PV Backsheet performance testing
The Specialty Films Division of Madico Inc., announces the expansion of their internal Performance Analysis Lab. The state-of-the-art lab is an extension of Madicos Research and Development division, located at their corporate headquarters in Woburn, MA.
Japans renewable legislation PM Kans last act
Democratic Party Prime Minister Naoto Kan has informed his cabinet that he will step down however it appears as if his final act in power will be to see renewable energy legislation signed into law.
Hanwha SolarOne announces new COO
Hanwha SolarOne Co. Ltd. today announced that the Company’s Board of Directors has appointed Tai Seng PNG as its new chief operating officer (COO). PNG’s appointment will become effective immediately.
India: SunBorne closes financing on 15 MW PV plant
SunBorne Energy has closed financing on the debt component of $30.6 million (INR 1.4 billion) for a 15 megawatt (MW) photovoltaic plant in the state of Gujarat, India.
Poland: First 1 MW PV plant online soon
Construction work on Polands first megawatt photovoltaic power plant is drawing to a close.
Q2 results signal turning point for China Sunergy
Solar cell and module producer China Sunergy has posted a USD$16.9 million second quarter (Q2) loss, representing a net margin of negative 11.7 percent. The company did not meet the low end of its revised shipment guidance of 100 megawatt (MW) for the quarter.
Interview: Suntech founder outlines PV strategy going forward
Hitherto focused on Europe, which accounted for 66 percent of its revenue in 2010, Suntech Power is diversifying its strategy, betting big on the U.S., Asia Pacific, the Middle East and Africa. In an exclusive interview, Zhengrong Shi, founder and CEO talks to pv magazine about the companys latest plans.
