Manufacturing

The Shanghai manufacturer has reportedly confirmed its default on a $15 million interest payment to Chinese bondholders. The development comes despite the company’s presence on the Chinese government’s list of favored companies.

Solar farm investments and a rebound in rooftop residential demand have led to the U.K. becoming the most important solar PV market in Europe, according to exhibitors at this year’s Ecobuild show, London.

The German developer says the $2 million loan will tide it over until project sales and loan repayments bring in at least $14 million by the end of June. Solarstrom will also use the money to continue its search for a white knight investor.

The factory, in London, started operations in November and will supply modules for Samsung’s 300 MW Ontario solar pipeline. Samsung says it will create 9,000 renewables jobs in Ontario under the Green Energy Investment Agreement signed with the provincial government.

The solar module producer’s evolution to international markets has prompted the company to relocate its headquarters to the emerging Middle East.

The German inverter manufacturer opens bankruptcy proceedings, citing poor market conditions.

The solar company’s high-efficiency modules have been chosen for Italy’s Ferrara Aranova PV project.

The U.S. solar industry fears plans to end the ITC could decimate the industry. Rhone Resch has called upon president Obama to rethink his solar tax credit plans.

Positive figures reveal refocus onto downstream business slipped back for Chinese solar company. But Canadian Solar releases a positive outlook for 2014, including for its ‘total solutions’ business.

Local company will team with U.K. consortium to develop the PV plant, with work due to commence in September.