Isofotón seeks to restructure 284 million debt pile
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.
Mercoms quarterly report examines venture capital, market trends
Mercom Capital Group newly published Quarterly Solar Funding and M&A Report details the latest developments and trends in the photovoltaic market.
Round two: SolarWorld convenes second noteholders' meeting
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.
'Nothing to see here' insists REC CFO
CFO of Norwegian manufacturer REC confirms the EGM called for June 24 is solely for housekeeping matters.
Despite falling FITs: GP Joule focuses on France
German renewables company GP Joule announces intent to build more than 100 MW of new solar capacity in southern France.
Centrotherm out of insolvency
Centrotherm Photovoltaics AG has received a new lease on life after a German court approved the companys debt-for-equity plan, which will save some 900 jobs.
Taipei benefits from China-EU standoff
Tie up between Neo Solar and DelSolar makes new company the second largest cell and module manufacturer in the world as prices and shipment levels rise thanks to the EU-China trade wrangle.
Canadian Solar to build 30 MW plant in China
Chinese solar manufacturer Canadian Solar has announced the signing of an RMB270 million (US$40 million) loan facility to build a 30 MW solar project in western China as it continues its downstream focus.
After a month of knee-jerk trading, investors and analysts await EU tariff decision
In May, the New York solar equities market took a page from the parable, “The Emperors New Clothes.” While investors reacted swiftly to favorable company reports – propelling those stocks prices higher (as in the case of JA Solar) and taking others along for the ride – analysts examining the fundamentals saw little or nothing to recommend.
LDK Silicon's lenders hold fate of the debt-saddled group
Debt-stricken polysilicon, wafer and module manufacturer LDK Solar could be set for more tough talks with lenders after admitting to the U.S. Securities and Exchange Commission (SEC) that it will breach the terms of a June 2011 share sale.
