Bankruptcy

Hogging the limelight – the incredible story of China Solar

Real estate and logistics company owner Cheung Shun Lee is making a third attempt to relist a company whose shares have been suspended for five-and-a-half years, and whose corporate history during that time reads like a soap opera.

Munich Re’s new policy could help lever solar investment

Insurance is seldom sexy but climate change campaigners will raise a glass to Munich Re if the industry emulates its policy to cap the financial risk related to battery warranties and helps lift global investment in energy storage as a result.

Japan proposes 22% commercial solar FIT cut in latest move to trim costs

With the transition to an auction procurement mechanism under way, Japan is this year set to expand the range of projects subject to the tender system from 2 MW-plus to 500 kW and above. With certain FIT cuts for projects with more than 2 MW capacity set to take effect in the second half of the year, the Ministry of Economy, Trade and Industry has now proposed reducing tariffs for 10-500 kW commercial PV systems.

FIT cuts and lower revenue may cause more bankruptcies in Japan

A Teikoku Databank report says as many as 95 solar companies went bankrupt last year – seven more than in 2017. The company warns the negative trend that began in 2016 may escalate as FIT reductions for large-scale solar come into effect.

American utility PG&E set to file for chapter 11 bankruptcy

The Pacific Gas and Electric Company, founded 114 years ago, is filing for bankruptcy and may be broken up by regulators. None of which is good news for solar project owners holding contracts with the utility.

1

Greatcell Solar enters administration

Australia-based perovskite solar cell specialist Greatcell Solar has failed to secure refinancing for its activities and has been forced to appoint administrators. The company lays the blame at the federal government’s door, pointing to the R&D rebate changes and policy settings that are unsupportive of renewable energy investment as the reasons behind its downfall.

1

“There are four or five key issues in project quality control, most of them before installing the first module”

PI Berlin plans to open a headquarters in Spain next year. pv magazine has spoken with Senior Consultant Asier Ukar about market expectations, the most recurrent quality failures in Spain, risks, certification and protectionism. “After 10 years, we return to Spain with much enthusiasm,” he told us.

SolarWorld halts production in Germany as raw materials run out

According to the company’s insolvency administrator it is unlikely negotiations with potential investors will generate concrete results this month. Module production has been suspended at Freiberg with employees relocated to a transfer company.

1

Quality issues in Indian PV projects jeopardizing investments – report

Wildlife vandalism is the least of the worries afflicting PV system owners in India, according to a report which exposes cost-cutting in installation, non-existent warranties, serious safety concerns and improbable performance figures.

The figures for China’s booming PV industry will be seen with a tinge of regret

In what analysts worldwide are sure to look back on as the last golden period for global solar – at least for the immediate future – China saw more impressive figures for PV manufacturing in the first half of the year. Then the government stepped in.

3

This website uses cookies to anonymously count visitor numbers. View our privacy policy.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close