Suntech transfers Japanese unit shares to Wuxi Suntech
Following creditor approval of Shungfeng’s $493 million takeover of Wuxi Suntech, parent group Suntech Power is sprucing up the insolvent unit with additional assets from Japan and Singapore.
Solar Energy Foundation aiding relief workers in Philippines
Germany’s Stiftung Solarenergie (Solar Energy Foundation) has launched a coordinated effort to equip relief workers in the Philippines with solar lights and charging systems as they struggle to help survivors of Typhoon Haiyan.
SolarWorld posts 26% revenue contraction for Q3
Due to ongoing restructuring within SolarWorld AG, group revenue reached just 345.6 million in Q3, despite a 57% increase in trade shipments.
Hanwha SolarOne posts $75 million third-quarter net loss
Lower shipments resulted in a slight drop in revenue and a major increase in net loss for the Chinese PV manufacturer despite further expanding its global footprint and increasing business in Japan, China and the U.S.
Suntech granted Cayman Islands liquidation
Decision by the authorities in the Carribean tax haven means work can start in winding up the international shell company. Complications with the proposed liquidation could obstruct Jiangsu Shunfeng’s acquisition of Wuxi Suntech’s production lines.
Apple named as Mesa buyer
A newspaper report has named Apple as the purchaser of First Solar’s Arizona module manufacturing facility. The plant never started module production and features the state’s largest rooftop solar array.
Intersolar India kicks off
Some 170 exhibitors and 8,500 visitors are expected to attend this year’s exhibition. The conference, which will see 700 visitors, is highlighting the development of India’s solar mission and state programs.
It's all good news in GCL update
Polysilicon and wafer manufacturer GCL-Poly has nothing but rises to report to the Hong Kong Stock Exchange. The figures include a 511% increase in third-quarter polysilicon sales, year on year.
Ontario opens application window for small FIT projects
The OPA will allocate FIT payments for up to 123.5 MW of small solar projects plus 15 MW for planned arrays on yet to be constructed buildings. The procurement rules for larger projects are still being formulated.
Mascotte seeks bond deal as it struggles to reduce debt pile
With liabilities of HK$236 million ($30.4 million), the Taiwanese company has negotiated an agreement with bondholders but must still convince shareholders.
