Bankruptcy

Italy’s Fimer has launched proceedings to restructure its debt and is now ready to restart production.

Plus, panel maker Risen began construction of a 15 GW cell and module factory in Yiwu, in the central Zhejiang province of eastern China.

A filing made to the Securities and Exchange Commission today has confirmed holders of stock in Yingli Green Energy Holding Co Ltd will be left empty-handed some time around the end of the month.

pv magazine editor Pilar Sánchez Molina recollects everyday news from the PV sector of ten years ago as part of a new series. The insights offered will not only bring back memories for the pioneers of that exciting, challenging period but may also offer an idea of where we could be in 2030.

Industry body SolarPower Europe is trying to stay bullish about the lingering effects as the continent starts to come out of lockdown and one analyst has predicted a healthy large scale solar market will carry the US through the crisis.

U.S.-owned analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.

With the opening of insolvency proceedings, the business operations of the company were halted days ago. No potential investor could be found to take over the business.

With the European Commission claiming its €100 billion ‘Just Transition’ fund will ease EU coal mining regions into a post-fossil-fuel future energy system, Adam Smith considers what happened in one deprived area of Britain when government policy failed to support talk of clean energy ambitions.

The move, by Taitong Industry Ltd, will come as a fresh blow to the Chinese module manufacturer, which twice failed to go public – in the U.S. and China – and whose project development business suffered a battering in China when Beijing reined in subsidies in 2018.

Insolvency proceedings have been under way for the separate Solibro GmbH division since late summer and business operations have long been suspended there. With Chinese thin-film manufacturer Hanergy having told pv magazine it pulled out of that business in 2015 – despite apparent evidence to the contrary – this week another Hanergy subsidiary, Solibro Hi-Tech, declared insolvency.