Wuxi Suntech owes US$2.5 billion to local creditors
Chinese photovoltaic manufacturer Wuxi Suntech Power Holdings Co., a Suntech Power subsidiary, owes a domestic debt of $2.5 billion to local creditors, according to media reports.
Centrosolar shareholders approve debt-for-equity swap
Centrosolar sharholders have approved a debt-for-equity plan that will drastically reduce debt by swapping outstanding liabilities for 5.5 million new company shares as part of a restructuring plan.
SunPower plans to sell US$300 million of convertible debentures
The California photovoltaic manufacturer has plans to sell debenture bonds worth $300 million.
Yingli revises module shipment outlook for Q1
Chinese PV module manufacturer Yingli Green Energy is expecting PV module shipments in the first quarter to be better than earlier estimates.
Chinese court sides with Canadian Solar in contract dispute with LDK
In a legal win for Canadian Solar Inc., a Chinese court has dismissed a request by LDK Solar to enforce an arbitration award decision by a state trade arbitration commission amounting to CNY 248.9 million ($40.1 million, 31.5 million) in connection with a contract dispute between the two companies.
Centrosolar bond holders approve conversion deal
Centrosolar Group AGs creditors have overwhelmingly agreed to swap outstanding debt from a 50 million bond for 5.5 million newly issued shares in the German PV company.
China waits on EU verdict
China to wait on EU solar panel anti-dumping decision before announcing results of its own probe into polysilicon imports.
SNEC: Trade case uncertainty further depresses investment
As the 2013 SNEC tradeshow closes its doors in Shanghai, uncertainty over the EU trade case and lack of cash flows remain major impediments to investment and innovation. New business opportunities in emerging markets are also seen as vital for manufacturers as SNEC proves to be a meeting point for the Asian-Pacific PV industry.
Gehrlicher secures 85 million in financing as it seeks to expand international operations
Germanys Gehrlicher Solar AG has received 85 million in financing for another two years from an international group of banks led by BayernLB.
SMA sees revenue drop nearly 50% in Q1
Germanys SMA Solar Technology reported a 47.6% drop in sales to 212.3 million in the first three months of the year as the company struggled with subsidy cuts in major markets, the still unresolved debt crisis and the possibility of punitive duties on Chinese modules in Europe.
