SolarWorld to meet creditors, discuss restructuring
Troubled solar panel maker SolarWorld will host creditors next month at two separate meetings with the goal of appointing creditor representatives and outlining its efforts to restructure.
Bosch solar exit official; 3,000 jobs at stake
After months of speculation, Bosch has today confirmed it will exit the crystalline solar sector. As of 2014, the German company will cease production of its photovoltaic ingots, wafers and cells. It will also “quickly” sell its solar business units, including its majority stake in aleo. Decreasing prices has been blamed for the decision. Up to 3,000 employees will be affected, tells pv magazine.
UK publishes new FIT rates; records 70% increase in PV capacity
The U.K. has published its new FIT rates, due to take effect in July. The countrys 2012 energy statistics have also been released. According to the figures, 3.2% of energy was generated from PV, while renewables accounted for 11.3%. Overall, the government is confident growth will continue.
Qatari investor expected to save SolarWorld
It has been largely agreed that Qatar Solar Technologies will step in to save SolarWorld AG, according to reports. The details are expected to be published at the German photovoltaic companys EGM.
SunPower shines a ray of light with Q1 figures
With the help of veteran investor Warren Buffett’s decision to buy the 579 MW Antelope Valley Solar Projects, California-based SunPower has announced that rarest of things in the solar industry a positive quarterly update.
Largest Californian solar facility up and running
NRG Energy will cut the ribbon today on its 66 MW Alpine Solar Generating Facility, California’s largest fully operational solar generating plant.
Panama aims to support solar energy
The Central American country is gearing up to approve a regulation, which aims to support solar energy installations.
Insolvency for AE Photonics
Insolvency proceedings have officially opened against AE Photonics. All employees have already been laid off. Both the parent company and its Greek, Indian and U.S. subsidiaries will now be liquidated.
Conergy announces 2 settlement agreements
Following approval, four former board management members of Conergy will pay the German photovoltaic company over 6 million under a settlement agreement. Part of the funds are expected to be paid to investor plaintiffs under a second settlement agreement.
Canadian Solar Q1 shipments to exceed guidance
In issuing select preliminary Q1 2013 financial results, Canadian Solar Inc. expects its photovoltaic module shipments and gross margin to exceed previous guidance.
