Finance

Chinese polysilicon manufacturer Daqo New Energy is taking an optimistic approach to the solar trade stand-off and predicting a rise in shipments in the current quarter. Daqo is also forecasting a stabilization in the price of polysilicon.

Mainstream Renewables enters a partnership with investment house Actis again after a successful US$100 million South African deal last year.

Chinese photovoltaic manufacturer JinkoSolar staunched losses whilst increasing shipments and extending its global reach in the first three months of 2013.

German solar manufacturer aleo solar has no update on the search to replace Bosch’s 90.7% stake and expects another loss in 2013.

China Daily predicts EU duties will cost the political bloc 250,000 jobs in its own back yard as Beijing launches investigation into imported EU wines as direct riposte to France’s Hollande.

Chinese manufacturer Trina Solar says it will fight to prove it is not dumping solar panels in Europe and will not turn its back on its EU partners.

Spanish solar group Isofotón filed for restructuring legal proceedings this week in the face of €284 million ($372 million) in liabilities. The company is hoping to reach an agreement with creditors and implement a debt-for-equity plan.

Mercom Capital Group newly published Quarterly Solar Funding and M&A Report details the latest developments and trends in the photovoltaic market.

The debt-ridden photovoltaic manufacturer SolarWorld will gather its noteholders for a second round of meetings that will take place July 8 and 9. The first two noteholders’ meetings did not reap benefits as noteholder participation was too low.

CFO of Norwegian manufacturer REC confirms the EGM called for June 24 is solely for housekeeping matters.