Chinese thin film manufacturer Hanergy told pv magazine in August the manufacturing division of Solibro had ceased to be one of its subsidiaries in December 2015 but a company presentation issued six months later would appear to indicate otherwise. Hanergy has been approached for comment.
Despite promises by President Trump to save the coal industry, the crisis in the sector is clear. Solar, wind and batteries have the world to gain.
The Italian fossil fuel company is not hanging around when it comes to diversifying into PV, with almost 1.5 GW of generation capacity plugged in since the start of last year. Canadian Solar has disputed Wiki-Solar’s positioning of First Solar as the world’s biggest PV developer.
Two high-profile bankruptcies this year could serve as a warning for the potential pitfalls of pay-as-you-go and small scale, off-grid solar. However, Marcus Wiemann and David Lecoque of the Alliance for Rural Electrification say such business models can lead to long-term success and have a key role to play in providing power to the 1 billion people throughout the world who still live without electricity.
The District Court of Dessau-Roßlau yesterday confirmed self-administered insolvency proceedings have been conducted at the German thin-film CIGS module manufacturer and a provisional administrator has been appointed.
Solibro GmbH is expected to make the move this month, according to a German media report. The company has yet to publicly confirm the move.
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.
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.
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