Finance

The Chinese manufacturer’s European unit has revealed a mountain of debt, including $454.3 million for its insolvent Wuxi Suntech unit.

Californian solar installer calls off deal after ‘continued delays and uncertainty.’ Westinghouse Solar also faces a name change after falling behind on brand licensing payments.

Three manufacturers have complained about dumping of cells and modules from the EU and Japan. Same three companies have an ongoing complaint about cells from the U.S., China, Taiwan and Malaysia.

Thai government announces FIT rates for 200 MW of rooftop solar and 800 MW of community-owned ground mounts. Systems will pay rates over 25, rather than previous ten, years and rooftops must be installed by December.

Conergy’s global sales units acquired by U.S. private equity group. Kawa Capital deal excludes mounting system and module production units but administrator is hopeful of sales as module production resumes in Frankfurt (Oder).

Department of the Interior halts new mining claims for 20 years in its Solar Energy Zones. Almost 304,000 acres across 17 sites in six western U.S. states will come under the 20-year mining ban.

Company pins hopes on acceptance of restructuring proposal by shareholders as client uncertainty weighs on figures for first six months of 2013. Company did, however, rein in losses.

US$55 million scheme in Ilocos Norte is the third PV project to win a certificate of commerciality in the country. South Korean developers expect to be fully operational in late 2014.

Annual revenue from PV installations will top $134 billion in seven years’ time and solar will stand alone without subsidies from 2017, claims Navigant Research report.

Module and inverter trader says trade war and consequent lack of Chinese imports is closing the price gap between German and Chinese products. But spot market availability of fire-sale modules can skew figures, warns analyst.