JA Solar joins the path back to profit
The Shanghai-headquartered solar company posted its first profit in 10 quarters as Chinese demand fuelled shipments.
Suntech Singapore facing financial sanctions after payment default
The Singapore arm of Suntech Power Holdings Co., Ltd. has also had its equity interest in a core subsidiary frozen by Shanghai’s People’s Court as liquidators move in.
Yingli Solar shipped 3.2 GW of PV modules in 2013
Financial results released today reveal the solar company increased its shipments by 40.8% last year, cementing its place as the world’s leading module supplier.
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.
