Chapter 11 plan for LDK subsidiaries
The Chinese giant plans to shut down three US subisidiaries. On Tuesday a court in Hong Kong will rule on the company’s restructuring plans.
Scatec Solar valued at $298m-$383m
The Norwegian developer will set the share price for its pending IPO next week. The company predicted a price range of $4.42-5.68 per share.
It's about the fossil fuels, stupid!
Frost and Sullivan report predicts coal will dominate electricity generation up to 2030 and gas is ‘a fuel of the future.’ Forthcoming global trends report does acknowledge an explosion in the battery storage market, however.
Solar investment twice as effective as oil in EVs
Analyst calculates investing in renewables yields far more usable energy to the consumer than oil, dollar for dollar. Traditional combustion engines see a 75-80% energy loss compared to 25-30% in EVs.
Co-founder back at the helm at CSUN
Stephen Zhifang Cai has resigned for personal reasons, CSUN announced today. The Nanjing manufacturer’s share price has tanked since November.
The pv magazine weekly news round-up
Good news from Italy and India, astonishing news about sunlight levels and the solar cell coming to a printer near you but it’s all too late for one US state. We should have listened to Barry…
Meyer Burger raises $107 million in bond issue
The successful placement of the bonds is expected to help the company, which saw net losses grow 9% in the first half of the year. Money from the issue will go to capital requirements and investments in demo equipment.
Independence will not derail Scotland’s stellar renewables success
pv magazine’s Ilias Tsagas argues that should Scotland’s population vote today in favor of independence, this will not hurt its renewable energy sector but might give it a further boost.
Equipment book-to-bill falls back below parity
Hopes for a sustained equipment bounce-back have taken a hit, in the Q2 2014 SEMI Worldwide Equipment Market Statistics Report. The book-to-bill ratio fell to 0.73.
Greek isles to be connected to grid
French, Swedish, Italian and Greek companies this week signed contracts to install underground and subsea cabling to connect the Cyclades to the mainland grid. The connections will boost solar project development in the isalnds.
