The German tool maker will supply €263 million worth of thin-film production equipment to two Chinese companies, as well as turning over its R&D company to a joint venture.
Hanergy Thin Film Power (HTF) says it will not contest an order by Hong Kong’s Securities and Futures Commission (SFC) to pay outstanding debts to its subsidiaries, as it seeks to resume trading of its stock.
The Swiss PV manufacturing equipment supplier has had an excellent start to the year, with these now the company’s sixth major orders for its highly technical equipment, while the recapitalization stays on track with an approval from the High Court for the resolutions of the bondholders.
The conflict between the two organizations goes beyond policy approaches, with EU ProSun stating that SolarWorld was never contacted for information.
The German solar module manufacturer has received the license for up to 100 MW of solar modules, and is one of the few international companies to receive such a license, after the Turkish government put strict limits on PV module imports in an attempt to develop its domestic market.
Siam Commercial Bank plc (SCB) and China Minsheng Bank will jointly provide the manufacturer with a US$210 million loan to finance its new production facility in Thailand.
The German PV maker will introduce the diamond wire saws at Europe’s largest solar wafer plant in Freiburg.
The Shanghai-based integrated solar specialist said it expects to record a “substantial” net loss for the year to the end of December.
Meyer Burger’s solar PV manufacturing equipment is in vogue at the minute, as the company has enjoyed a flurry of new orders in the last week, the most recent a CHF 8 million (USD 7.9 million) order from one of the company’s existing European customers.