Suntech files for liquidation
Suntech says it is seeking protection and time to complete negotiations and wrap up its restructuring efforts after agreeing to sell its main assets to Jiangsu Shunfeng.
US investors take a shine to solar
The U.S. solar equity markets enjoyed an upswing in October, driven by a substantial number of utility scale projects in the pipeline and advances in technology.
Canadian Solar improves third-quarter forecast
Following the completion and sales of solar parks, the Ontario-based company is now predicting increased shipments and higher margins. It will also supply 100 MW of panels to a new project in China.
Jiangsu Shunfeng to pay $540 million plus for Suntech
Solar manufacturer Jiangsu Shunfeng has announced details of its planned acquisition of Wuxi Suntech. If successful, the move would consolidate Cheng Kin Ming’s position in Chinese solar.
EU report highlights solar metals fear
The EU’s Joint Research Center says three metals used in the solar industry are at risk of shortages. China’s stranglehold of raw materials could mean problems ahead for Europe.
India passes 2 GW mark
The Ministry of New and Renewable Energy says grid-connected solar in the country has passed the 2 GW point. Wind power still dominates the sector with 19.8 GW installed.
SMA cuts sales forecast for 2013
German inverter manufacturer SMA says it will not break even in 2013, thanks to European downturn. But SMA’s acquisition of Zeversolar is expected to help the company to brighter times ahead.
First Solar reveals bullish Q3 figures
First Solar’s Q3 figures show sales and profits jumping as the company announces an imminent deal to sell its 250 MW Silver State South scheme. Foreign exchange losses are the only negative of impressive figures.
Thailand: Easing of residential solar requirements
The Thai government is reportedly preparing to make it easier for households to install solar rooftops. An easier permitting regime could be put before government for approval on Tuesday.
China Solar director bailed
The non-executive director arrested on suspicion of involvement in the false reporting of registered capital was released on bail on Saturday. The China Solar board has still not been able to contact any of its three directors arrested by the Chinese authorities.
