Second delay for Shunfeng-Suntech acquisition
Investors hit by a profit warning last month are given fresh cause for concern. Shunfeng has now pledged to reveal details of the acquisition on Friday.
Baoding Tianwei pledges to make July payment
The prime candidate to follow Chaori Solar into a Chinese default insists it will meet its obligations over a 2018 note. But brokerage has voiced concerns about Tianwei’s ability to roll over its bank loans.
Iowa raises solar tax credits
As investors contemplate the eventual expiration of the federal investment tax credit, the state of Iowa has raised the credits available for residential and business installations. Minnesota has prepared America’s first methodology for calculating a solar tariff.
First Solar completes Japanese project
U.S. solar player First Solar has announced completion of a 1.3 MW solar project in Japan. The Arizone company has full ownership of the Kitakyushu-shi scheme.
Japan rebalances its solar market
The nation’s previous overreliance on residential installations has been corrected as the commercial and utility segments have grown more rapidly during the country’s 18-month solar boom.
Centrosolar fails to get quorum for creditors' meeting
The German solar supplier will try again to persuade creditors to back a partial debt-for-equity swap, on April 14. The Munich company plans to continue with just its American subsidiary in future.
Second Chinese company has shares suspended
Trading in panel maker Baoding Tianwei Baobian Electrical’s shares has been suspended after the company reported back-to-back annual losses. A domino effect could be about to kick in in the Chinese solar sector.
$100m renewables fund for sub-Saharan Africa
The African Renewable Energy Fund closed its first round of capital raising with $100 million in the bank. The fund hopes to double the amount available for 5-50 MW schemes within 12 months.
Hanwha, almost, turns a profit
The Chinese ingot, wafer, cell and module manufacturer posted another loss in its latest figures. But the Hanwha CEO is preparing to expand production capacity to meet demand.
Canadian Solar opens microgrid testing center
The new facility at Guelph, Ontario, is part of the company’s Total Solutions downstream business. The testing center was part-funded by the Ontario Ministry of Energy.
