No news is good news, the message from Beijing
Trade commissioner Karel de Gucht repeats desire for amicable solution to solar stand-off but talks with Chinese opposite number were not part of the latest EU-China Joint Committee. Technical negotiations on the issue have moved from Brussels to Beijing.
SMA braces for hefty drop in revenue
Executives at German inverter manufacturer SMA have said that second quarter revenue will likely fall from 429 million a year ago to between 240 million and 280 million. The company continues to grapple with decreased demand, price drops and a general decline in business.
REC desert panels at Intersolar Europe
Norwegian manufacturer showcases its bifacial, desert-proof Peak Energy panels at Munich trade show. REC, which produces its panels in Singapore, has opened a Dubai office to target the MENA market.
First Solar makes $427.7 million from capital increase
First Solar has earned some $427.7 million following a capital increase in which it offered 9,747,000 shares of its common stock. It will use the fresh capital for acquisitions and expansion into new territories.
Suntech Europe gains a respite
Suntech’s European subsidiary has been granted a six-month extension to its debt moratorium. New definitive moratorium will allow time to negotiate with creditors and restructure debt and could be further extended.
Module talks start between EU and China
EU team meets Chinese specialists to try and find an amicable solution to the solar stand-off. But EU confirms the imposition of anti-dumping duties on Chinese modules will not be on the annual trade meeting agenda on Friday.
Analysis: First Solar raising cash at opportune time
Goetz Fischbeck, executive director of Equity Research at Bankhaus Lampe, discusses First Solar’s capital increase, the company’s strategy and potential growth possibilites, particularly in China.
SolarWorld possibly saved by Qatar-based subsidiary
Qatar Solar Technologies looks set to rescue SolarWorld with a 35 million investment, making it a 30% shareholder in the financially troubled German company.
China's STGCON saves Germany's Asola Solarpower
Chinese electronics group STGCON has agreed to take over insolvent German PV module manufacturer Asola Solarpower GmbH.
Spain: Another deep cut for renewables to come
In order to save costs for the public electric system, the Spanish government is set to again cut subsidies for operational PV plants. Feed-in-tariffs could shrink at a rate of 20%.
